Old Republic International Co. (ORI) To Go Ex-Dividend on March 10th

Old Republic International Co. (NYSE:ORI) announced a quarterly dividend on Friday, February 28th, RTT News reports. Stockholders of record on Monday, March 10th will be paid a dividend of 0.29 per share by the insurance provider on Thursday, March 20th. This represents a $1.16 annualized dividend and a dividend yield of 3.01%. The ex-dividend date of this dividend is Monday, March 10th. This is a positive change from Old Republic International’s previous quarterly dividend of $0.27.

Old Republic International has increased its dividend by an average of 6.4% per year over the last three years and has increased its dividend annually for the last 44 consecutive years. Old Republic International has a payout ratio of 30.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Old Republic International to earn $3.33 per share next year, which means the company should continue to be able to cover its $1.06 annual dividend with an expected future payout ratio of 31.8%.

Old Republic International Price Performance

Shares of ORI opened at $38.49 on Friday. Old Republic International has a fifty-two week low of $28.59 and a fifty-two week high of $39.27. The company has a market capitalization of $9.76 billion, a price-to-earnings ratio of 14.63 and a beta of 0.88. The firm has a 50-day simple moving average of $36.10 and a 200-day simple moving average of $36.07. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.28 and a current ratio of 0.62.

Old Republic International (NYSE:ORI) last announced its earnings results on Thursday, January 23rd. The insurance provider reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.19. Old Republic International had a net margin of 10.36% and a return on equity of 20.32%. On average, equities research analysts anticipate that Old Republic International will post 3.17 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Old Republic International from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th.

Insider Activity at Old Republic International

In related news, SVP Jeffrey Lange sold 1,098 shares of the firm’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $36.56, for a total value of $40,142.88. Following the completion of the sale, the senior vice president now owns 34,679 shares in the company, valued at $1,267,864.24. This trade represents a 3.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Carolyn Monroe sold 9,188 shares of Old Republic International stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $36.35, for a total transaction of $333,983.80. Following the sale, the senior vice president now owns 33,556 shares of the company’s stock, valued at approximately $1,219,760.60. The trade was a 21.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is owned by insiders.

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.