Old Republic International (ORI) to Release Earnings on Thursday

Old Republic International (NYSE:ORI - Get Free Report) is scheduled to 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 are interested in registering for the company's conference call can do so using this link.

Old Republic International (NYSE:ORI - Get Free Report) last announced its quarterly earnings results on Thursday, January 25th. The insurance provider reported $0.69 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.03). The company had revenue of $1.94 billion during the quarter, compared to analysts' expectations 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 NYSE ORI traded up $0.48 during mid-day trading on Thursday, hitting $29.12. The company had a trading volume of 2,370,111 shares, compared to its average volume of 1,685,132. The company has a market capitalization of $8.02 billion, a price-to-earnings ratio of 13.85 and a beta of 0.81. Old Republic International has a 1 year low of $24.03 and a 1 year high of $31.22. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.25. The stock's 50-day moving average price is $29.36 and its 200-day moving average price is $28.75.

Old Republic International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Monday, March 11th were given a dividend of $0.265 per share. This represents a $1.06 annualized dividend and a yield of 3.64%. This is a boost from Old Republic International's previous quarterly dividend of $0.25. The ex-dividend date was Friday, March 8th. Old Republic International's payout ratio is presently 50.48%.

Insider Activity

In related news, Director Barbara Adachi bought 1,925 shares of the stock in a transaction dated Friday, February 16th. The stock was bought at an average price of $28.60 per share, with a total value of $55,055.00. Following the purchase, the director now owns 7,845 shares in the company, valued at approximately $224,367. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, SVP Carolyn Monroe sold 6,528 shares of the business'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 owns 35,340 shares in the company, valued at approximately $979,271.40. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Barbara Adachi purchased 1,925 shares of Old Republic International stock in a transaction that occurred on Friday, February 16th. The shares were acquired at an average price of $28.60 per share, for a total transaction of $55,055.00. Following the acquisition, the director now owns 7,845 shares in the company, valued at $224,367. The disclosure for this purchase can be found here. 1.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of ORI. Stonebridge Capital Advisors LLC grew its holdings in shares of Old Republic International by 130.9% during the 4th quarter. Stonebridge Capital Advisors LLC now owns 1,411 shares of the insurance provider's stock worth $34,000 after acquiring an additional 800 shares during the period. Atlas Capital Advisors LLC purchased a new position in shares of Old Republic International during the 2nd quarter worth approximately $34,000. Belpointe Asset Management LLC grew its holdings in shares of Old Republic International by 43.7% during the 1st quarter. Belpointe Asset Management LLC now owns 1,676 shares of the insurance provider's stock worth $42,000 after acquiring an additional 510 shares during the period. Zions Bancorporation N.A. purchased a new position in shares of Old Republic International during the 1st quarter worth approximately $59,000. Finally, KBC Group NV purchased a new position in shares of Old Republic International during the 4th quarter worth approximately $132,000. Hedge funds and other institutional investors own 70.92% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently commented on ORI shares. Piper Sandler boosted their target price on Old Republic International from $32.00 to $38.00 and gave the stock an "overweight" rating in a research report on Monday, April 1st. StockNews.com lowered Old Republic International from a "buy" rating to a "hold" rating in a research note on Friday, January 26th.

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.