Old Republic International (ORI) to Release Quarterly Earnings on Thursday

Old Republic International (NYSE:ORI) will issue its quarterly earnings data before the market opens on Thursday, April 25th. Analysts expect the company to announce earnings of $0.66 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Old Republic International (NYSE:ORI) last announced its quarterly earnings results on Thursday, January 25th. The insurance provider reported $0.69 EPS for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.03). The firm had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.95 billion. Old Republic International had a net margin of 8.25% and a return on equity of 12.10%. On average, analysts expect Old Republic International to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Old Republic International Stock Performance

Shares of ORI stock opened at $28.64 on Thursday. The stock has a market cap of $7.89 billion, a P/E ratio of 13.64 and a beta of 0.81. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.25 and a quick ratio of 0.25. The company has a fifty day moving average price of $29.34 and a two-hundred day moving average price of $28.75. Old Republic International has a one year low of $24.03 and a one year high of $31.22.

Old Republic International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Monday, March 11th were paid a $0.265 dividend. The ex-dividend date was Friday, March 8th. This represents a $1.06 dividend on an annualized basis and a yield of 3.70%. This is a boost from Old Republic International’s previous quarterly dividend of $0.25. Old Republic International’s dividend payout ratio (DPR) is currently 50.48%.

Insider Activity

In other Old Republic International news, Director Barbara Adachi purchased 1,925 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were acquired at an average cost of $28.60 per share, with a total value of $55,055.00. Following the completion of the transaction, the director now owns 7,845 shares in the company, valued at $224,367. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Old Republic International news, Director Barbara Adachi purchased 1,925 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were acquired at an average cost of $28.60 per share, with a total value of $55,055.00. Following the completion of the transaction, the director now owns 7,845 shares in the company, valued at $224,367. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Carolyn Monroe sold 6,528 shares of the firm’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $27.71, for a total transaction of $180,890.88. Following the transaction, the senior vice president now directly owns 35,340 shares in the company, valued at $979,271.40. The disclosure for this sale can be found here. Insiders own 0.78% of the company’s stock.

Hedge Funds Weigh In On Old Republic International

Several hedge funds have recently bought and sold shares of the company. Mercer Global Advisors Inc. ADV increased its holdings in Old Republic International by 2.5% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 15,593 shares of the insurance provider’s stock valued at $458,000 after buying an additional 376 shares during the period. Mutual Advisors LLC boosted its stake in shares of Old Republic International by 4.2% in the 2nd quarter. Mutual Advisors LLC now owns 11,546 shares of the insurance provider’s stock valued at $258,000 after purchasing an additional 467 shares in the last quarter. Panagora Asset Management Inc. boosted its stake in shares of Old Republic International by 2.3% in the 1st quarter. Panagora Asset Management Inc. now owns 21,388 shares of the insurance provider’s stock valued at $553,000 after purchasing an additional 484 shares in the last quarter. Cetera Advisor Networks LLC boosted its stake in shares of Old Republic International by 4.3% in the 4th quarter. Cetera Advisor Networks LLC now owns 12,379 shares of the insurance provider’s stock valued at $299,000 after purchasing an additional 508 shares in the last quarter. Finally, Belpointe Asset Management LLC boosted its stake in shares of Old Republic International by 43.7% in the 1st quarter. Belpointe Asset Management LLC now owns 1,676 shares of the insurance provider’s stock valued at $42,000 after purchasing an additional 510 shares in the last quarter. 70.92% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on ORI shares. StockNews.com lowered shares of Old Republic International from a “buy” rating to a “hold” rating in a research report on Friday, January 26th. Piper Sandler increased their price objective on shares of Old Republic International from $32.00 to $38.00 and gave the company an “overweight” rating in a research report on Monday, April 1st.

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.