Old Republic International (ORI) Receiving Somewhat Positive Media Coverage, Report Shows

News coverage about Old Republic International (NYSE:ORI) has been trending somewhat positive on Friday, according to Accern. The research firm rates the sentiment of media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Old Republic International earned a coverage optimism score of 0.20 on Accern’s scale. Accern also assigned media headlines about the insurance provider an impact score of 46.5858697278958 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Shares of Old Republic International (NYSE:ORI) traded up $0.24 during mid-day trading on Friday, hitting $21.30. The stock had a trading volume of 6,648,409 shares, compared to its average volume of 3,909,014. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 0.31. The firm has a market cap of $5,632.06, a P/E ratio of 11.09 and a beta of 1.36. Old Republic International has a twelve month low of $17.92 and a twelve month high of $22.34.

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Old Republic International (NYSE:ORI) last announced its earnings results on Thursday, January 25th. The insurance provider reported $0.33 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.05. The business had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.64 billion. Old Republic International had a return on equity of 6.80% and a net margin of 8.95%. The business’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.43 EPS. research analysts forecast that Old Republic International will post 1.7 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Monday, March 5th were paid a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a dividend yield of 3.66%. This is an increase from Old Republic International’s previous quarterly dividend of $0.19. The ex-dividend date was Friday, March 2nd. Old Republic International’s dividend payout ratio is presently 40.63%.

A number of research analysts have issued reports on ORI shares. Zacks Investment Research raised Old Republic International from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a report on Thursday, December 28th. ValuEngine raised Old Republic International from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Finally, JMP Securities raised Old Republic International from a “market perform” rating to an “outperform” rating in a report on Monday, February 12th. One equities research analyst has rated the stock with a sell rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $24.00.

In other Old Republic International news, Director Glenn W. Reed bought 5,000 shares of Old Republic International stock in a transaction dated Thursday, February 15th. The stock was acquired at an average cost of $20.43 per share, with a total value of $102,150.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 2.00% of the company’s stock.

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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. The company operates through three segments: General Insurance Group, Title Insurance Group, and the Republic Financial Indemnity Group Run-off Business.

Insider Buying and Selling by Quarter for Old Republic International (NYSE:ORI)

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