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

Old Republic International (NYSE:ORI) released its earnings results 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 Price Performance

NYSE:ORI opened at $36.33 on Friday. Old Republic International has a 52-week low of $27.19 and a 52-week high of $39.27. The company has a market cap of $9.21 billion, a P/E ratio of 12.53 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 stock’s 50-day simple moving average is $36.59 and its 200 day simple moving average is $35.32.

Old Republic International Announces Dividend

The business also recently disclosed 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 payout ratio is 36.55%.

Analyst Upgrades and Downgrades

Separately, Piper Sandler lifted their price objective on shares of 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.