Old Republic International Co. (NYSE:ORI) declared a None dividend on Thursday, December 21st, Zacks reports. Stockholders of record on Wednesday, January 10th will be given a dividend of 1.00 per share by the insurance provider on Wednesday, January 31st. The ex-dividend date of this dividend is Tuesday, January 9th.
Old Republic International has raised its dividend by an average of 1.4% annually over the last three years and has raised its dividend every year for the last 36 years. Old Republic International has a payout ratio of 65.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect Old Republic International to earn $1.55 per share next year, which means the company should continue to be able to cover its $0.76 annual dividend with an expected future payout ratio of 49.0%.
Old Republic International (NYSE ORI) opened at $20.87 on Monday. The stock has a market cap of $5,505.65, a price-to-earnings ratio of 15.23 and a beta of 1.36. Old Republic International has a 52 week low of $17.92 and a 52 week high of $21.56. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.51 and a current ratio of 0.51.
Old Republic International (NYSE:ORI) last announced its earnings results on Thursday, October 26th. The insurance provider reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.06. Old Republic International had a net margin of 6.45% and a return on equity of 7.50%. The business had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter last year, the firm earned $0.37 earnings per share. Old Republic International’s quarterly revenue was up 4.6% on a year-over-year basis. sell-side analysts forecast that Old Republic International will post 1.17 EPS for the current fiscal year.
A number of brokerages recently weighed in on ORI. Zacks Investment Research raised shares of Old Republic International from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research note on Thursday, December 28th. Raymond James Financial raised shares of Old Republic International from an “outperform” rating to a “strong-buy” rating and lifted their target price for the stock from $23.00 to $25.00 in a research note on Monday, October 30th.
In related news, COO R Scott Rager sold 47,500 shares of Old Republic International stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $21.00, for a total transaction of $997,500.00. Following the completion of the transaction, the chief operating officer now owns 40,000 shares of the company’s stock, valued at $840,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Charles S. Boone sold 15,000 shares of Old Republic International stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $20.96, for a total transaction of $314,400.00. Following the transaction, the vice president now directly owns 22,750 shares of the company’s stock, valued at approximately $476,840. The disclosure for this sale can be found here. Insiders have sold 81,552 shares of company stock valued at $1,711,992 in the last three months. 2.00% of the stock is owned by insiders.
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Old Republic International Company Profile
Old Republic International Corporation is a holding company. The Company is engaged in business of insurance underwriting and related services. The Company conducts its operations through various regulated insurance company subsidiaries, which are organized into three segments: General Insurance Group, Title Insurance Group and the Republic Financial Indemnity Group (RFIG) Run-off Business.
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