Old Republic International (NYSE:ORI - Get Free Report) released its earnings results 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 Stock Up 1.7 %
Shares of Old Republic International stock traded up $0.59 during trading on Thursday, hitting $36.33. 1,631,936 shares of the stock traded hands, compared to its average volume of 1,322,804. The company has a fifty day moving average price of $36.59 and a two-hundred day moving average price of $35.32. Old Republic International has a twelve month low of $27.19 and a twelve month high of $39.27. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.28 and a current ratio of 0.28. The stock has a market cap of $9.21 billion, a P/E ratio of 12.53 and a beta of 0.88.
Old Republic International Announces Dividend
The company also recently declared a special dividend, which was paid on Wednesday, January 15th. Stockholders of record on Friday, January 3rd were issued a dividend of $2.00 per share. The ex-dividend date of this dividend was Friday, January 3rd. Old Republic International's dividend payout ratio is 36.55%.
Analyst Upgrades and Downgrades
Separately, Piper Sandler lifted their price target on Old Republic International from $36.00 to $37.00 and gave the company an "overweight" rating in a report on Monday, October 21st.
View Our Latest Stock Report on ORI
About Old Republic International
(
Get Free Report)
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.
Recommended Stories
Before you consider Old Republic International, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Old Republic International wasn't on the list.
While Old Republic International currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
