Old Republic International Co. (NYSE:ORI) declared a quarterly dividend on Tuesday, November 26th, Fidelity reports. Investors of record on Friday, December 6th will be paid a dividend of 0.20 per share by the insurance provider on Monday, December 16th. This represents a $0.80 annualized dividend and a yield of 3.60%. The ex-dividend date of this dividend is Thursday, December 5th.
Old Republic International stock traded down $0.14 during midday trading on Tuesday, reaching $22.25. The company’s stock had a trading volume of 23,359 shares, compared to its average volume of 1,051,781. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.49 and a quick ratio of 0.49. The stock has a market capitalization of $6.85 billion, a P/E ratio of 11.96 and a beta of 0.74. The stock’s 50-day simple moving average is $22.84 and its 200-day simple moving average is $22.79. Old Republic International has a 52-week low of $19.55 and a 52-week high of $24.10.
Old Republic International (NYSE:ORI) last posted its quarterly earnings data on Thursday, October 24th. The insurance provider reported $0.51 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.51. The firm had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.65 billion. Old Republic International had a net margin of 10.27% and a return on equity of 9.76%. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.56 earnings per share. As a group, equities research analysts expect that Old Republic International will post 1.75 earnings per share for the current fiscal year.
A number of brokerages have issued reports on ORI. ValuEngine upgraded shares of Old Republic International from a “sell” rating to a “hold” rating in a research note on Friday, October 25th. Zacks Investment Research downgraded shares of Old Republic International from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 16th.
In other Old Republic International news, insider Calderon Alberto sold 70,000 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $23.65, for a total transaction of $1,655,430.00. In the last ninety days, insiders have acquired 600 shares of company stock valued at $13,652. 1.90% of the stock is currently owned by insiders.
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. The company operates through three segments: General Insurance Group, Title Insurance Group, and the Republic Financial Indemnity Group Run-off Business.
Further Reading: How does a 12b-1 fee affect fund performance?
Receive News & Ratings for Old Republic International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Old Republic International and related companies with MarketBeat.com's FREE daily email newsletter.