Old Republic International Corporation (ORI) To Go Ex-Dividend on September 4th

Old Republic International Corporation (NYSE:ORI) declared a quarterly dividend on Friday, August 14th. Investors of record on Friday, September 4th will be paid a dividend of 0.315 per share by the insurance provider on Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Friday, September 4th.

Old Republic International has increased its dividend payment by an average of 0.3%annually over the last three years and has raised its dividend every year for the last 45 years. Old Republic International has a payout ratio of 36.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Old Republic International to earn $3.22 per share next year, which means the company should continue to be able to cover its $1.26 annual dividend with an expected future payout ratio of 39.1%.

Old Republic International Price Performance

ORI stock opened at $42.84 on Friday. The company has a market cap of $10.34 billion, a PE ratio of 10.13 and a beta of 0.58. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.38. The stock has a 50-day moving average price of $41.29 and a two-hundred day moving average price of $40.64. Old Republic International has a 12-month low of $36.65 and a 12-month high of $46.76.

Old Republic International (NYSE:ORI) last released its quarterly earnings data on Thursday, July 23rd. The insurance provider reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.03). The firm had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.38 billion. Old Republic International had a return on equity of 15.41% and a net margin of 11.71%.The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.81 earnings per share. As a group, research analysts predict that Old Republic International will post 2.91 EPS for the current year.

Analysts Set New Price Targets

A number of analysts recently issued reports on ORI shares. Raymond James Financial set a $44.00 target price on shares of Old Republic International in a research report on Monday, April 27th. Piper Sandler decreased their price objective on shares of Old Republic International from $40.00 to $39.00 and set a “neutral” rating for the company in a research note on Friday, July 24th. Weiss Ratings reiterated a “buy (b)” rating on shares of Old Republic International in a research note on Wednesday, July 8th. Finally, Zacks Research raised shares of Old Republic International from a “strong sell” rating to a “hold” rating in a research note on Friday, June 26th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Old Republic International has a consensus rating of “Moderate Buy” and a consensus price target of $41.50.

About Old Republic International

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. The General Insurance segment offers aviation, commercial auto, commercial multi-peril, commercial property, general liability, home and auto warranty, inland marine, travel accident, and workers' compensation insurance products; and financial indemnity products for specialty coverages, including errors and omissions, fidelity, directors and officers, and surety.