Media headlines about Old Republic International (NYSE:ORI) have trended somewhat positive this week, according to Accern Sentiment. The research firm identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Old Republic International earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned news stories about the insurance provider an impact score of 46.9194813933297 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Shares of Old Republic International (ORI) traded down $0.04 during trading on Friday, hitting $19.79. The company had a trading volume of 2,047,165 shares, compared to its average volume of 2,030,706. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.32. Old Republic International has a 1 year low of $17.92 and a 1 year high of $21.56. The stock has a market cap of $5,220.74, a price-to-earnings ratio of 14.45 and a beta of 1.36.
Old Republic International (NYSE:ORI) last announced its quarterly earnings results on Thursday, October 26th. The insurance provider reported $0.09 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.06. Old Republic International had a return on equity of 7.50% and a net margin of 6.45%. The firm had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.52 billion. During the same quarter in the previous year, the business earned $0.37 EPS. Old Republic International’s revenue for the quarter was up 4.6% compared to the same quarter last year. sell-side analysts anticipate that Old Republic International will post 1.17 earnings per share for the current fiscal year.
The firm also recently declared a None dividend, which will be paid on Wednesday, January 31st. Investors of record on Wednesday, January 10th will be paid a $1.00 dividend. The ex-dividend date of this dividend is Tuesday, January 9th. Old Republic International’s dividend payout ratio is presently 55.47%.
ORI has been the subject of several recent analyst reports. Zacks Investment Research upgraded Old Republic International from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research note on Thursday, December 28th. Raymond James Financial upgraded Old Republic International from an “outperform” rating to a “strong-buy” rating and lifted their price target for the company from $23.00 to $25.00 in a research note on Monday, October 30th.
In other Old Republic International news, VP Charles S. Boone sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $20.96, for a total transaction of $314,400.00. Following the completion of the sale, the vice president now directly owns 22,750 shares in the company, valued at approximately $476,840. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, COO R Scott Rager sold 47,500 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $21.00, for a total value of $997,500.00. Following the sale, the chief operating officer now owns 40,000 shares of the company’s stock, valued at $840,000. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 81,552 shares of company stock valued at $1,711,992. 2.00% of the stock is owned by company insiders.
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About Old Republic International
Old Republic International Corporation is a holding company. The Company is engaged in business of insurance underwriting and related services. The Company conducts its operations through various regulated insurance company subsidiaries, which are organized into three segments: General Insurance Group, Title Insurance Group and the Republic Financial Indemnity Group (RFIG) Run-off Business.
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