Old Republic International (NYSE:ORI) Announces Earnings Results

Old Republic International (NYSE:ORI) announced its quarterly earnings data on Thursday. The insurance provider reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.19, Zacks reports. Old Republic International had a return on equity of 19.11% and a net margin of 11.48%.

Old Republic International Trading Down 1.0 %

ORI opened at $35.79 on Thursday. Old Republic International has a one year low of $27.19 and a one year high of $39.27. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.28 and a quick ratio of 0.28. The business has a 50 day simple moving average of $36.62 and a two-hundred day simple moving average of $35.32. The firm has a market capitalization of $9.08 billion, a price-to-earnings ratio of 12.34 and a beta of 0.88.

Old Republic International Announces Dividend

The firm also recently announced a special dividend, which was paid on Wednesday, January 15th. Investors of record on Friday, January 3rd were paid a $2.00 dividend. The ex-dividend date was Friday, January 3rd. Old Republic International’s payout ratio is presently 36.55%.

Wall Street Analyst Weigh In

Separately, Piper Sandler upped their price target on shares of Old Republic International from $36.00 to $37.00 and gave the company an “overweight” rating in a report on Monday, October 21st.

Old Republic International Company Profile

Old Republic International Corporation, through its subsidiaries, engages in the insurance underwriting and related services business primarily in the United States and Canada. It operates through three segments: General Insurance, Title Insurance, and Republic Financial Indemnity Group Run-off Business.