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

Old Republic International (NYSE:ORI) issued its quarterly earnings data on Thursday. The insurance provider reported $0.90 EPS for the quarter, topping 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 ORI stock opened at $36.33 on Friday. Old Republic International has a 12-month low of $27.19 and a 12-month high of $39.27. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.31. The firm has a fifty day moving average of $36.59 and a 200-day moving average of $35.32. The company has a market capitalization of $9.21 billion, a price-to-earnings ratio of 12.53 and a beta of 0.88.

Old Republic International Dividend Announcement

The business also recently declared a special dividend, which was paid on Wednesday, January 15th. Stockholders of record on Friday, January 3rd were issued a $2.00 dividend. The ex-dividend date of this dividend was Friday, January 3rd. Old Republic International’s dividend payout ratio (DPR) is presently 36.55%.

Wall Street Analyst Weigh In

Separately, Piper Sandler increased their price target on Old Republic International from $36.00 to $37.00 and gave the stock 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.