Old Republic International Co. (NYSE:ORI) Declares Quarterly Dividend of $0.20

Old Republic International Co. (NYSE:ORI) announced a quarterly dividend on Tuesday, November 26th, Fidelity reports. Shareholders of record on Friday, December 6th will be paid a dividend of 0.20 per share by the insurance provider on Monday, December 16th. This represents a $0.80 annualized dividend and a yield of 3.60%. The ex-dividend date is Thursday, December 5th.

NYSE ORI traded down $0.18 on Tuesday, hitting $22.21. The stock had a trading volume of 27,518 shares, compared to its average volume of 1,051,781. The business’s fifty day moving average price is $22.84 and its 200 day moving average price is $22.79. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.49 and a quick ratio of 0.49. Old Republic International has a 52-week low of $19.55 and a 52-week high of $24.10. The stock has a market cap of $6.85 billion, a price-to-earnings ratio of 11.94 and a beta of 0.74.

Old Republic International (NYSE:ORI) last issued its quarterly earnings data on Thursday, October 24th. The insurance provider reported $0.51 EPS for the quarter, meeting the consensus estimate of $0.51. The firm had revenue of $1.71 billion during the quarter, compared to analyst estimates of $1.65 billion. Old Republic International had a return on equity of 9.76% and a net margin of 10.27%. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.56 EPS. As a group, sell-side analysts anticipate that Old Republic International will post 1.75 EPS for the current year.

In related news, insider Calderon Alberto sold 70,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $23.65, for a total value of $1,655,430.00. In the last 90 days, insiders have bought 600 shares of company stock worth $13,652. Corporate insiders own 1.90% of the company’s stock.

Several research analysts recently issued reports on the company. ValuEngine raised Old Republic International from a “sell” rating to a “hold” rating in a research report on Friday, October 25th. Zacks Investment Research cut Old Republic International from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 16th.

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

Further Reading: Catch-Up Contributions

Dividend History for Old Republic International (NYSE:ORI)

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