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

Old Republic International (NYSE:ORI) announced its quarterly earnings data on Thursday. The insurance provider reported $0.90 EPS 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 Performance

Shares of ORI stock opened at $35.79 on Thursday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.28 and a current ratio of 0.28. Old Republic International has a fifty-two week low of $27.19 and a fifty-two week high of $39.27. The company has a market capitalization of $9.08 billion, a P/E ratio of 12.34 and a beta of 0.88. The stock has a 50 day moving average price of $36.62 and a two-hundred day moving average price of $35.32.

Old Republic International Dividend Announcement

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

Analyst Upgrades and Downgrades

Separately, Piper Sandler lifted their price target on shares of Old Republic International from $36.00 to $37.00 and gave the stock an “overweight” rating in a research note 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.