Old Republic International (NYSE:ORI) Announces Earnings Results, Beats Estimates By $0.19 EPS

Old Republic International (NYSE:ORI) released its quarterly earnings results on Thursday. The insurance provider reported $0.90 EPS for the quarter, beating analysts’ consensus estimates 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 Down 1.0 %

ORI stock opened at $35.79 on Thursday. The company has a market capitalization of $9.08 billion, a price-to-earnings ratio of 12.34 and a beta of 0.88. 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 business’s 50 day moving average price is $36.62 and its two-hundred day moving average price is $35.32. Old Republic International has a fifty-two week low of $27.19 and a fifty-two week high of $39.27.

Old Republic International Announces Dividend

The company also recently disclosed a special dividend, which was paid on Wednesday, January 15th. Shareholders of record on Friday, January 3rd were given a dividend of $2.00 per share. The ex-dividend date was Friday, January 3rd. Old Republic International’s payout ratio is 36.55%.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler upped their target price on 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.