Media headlines about Old Republic International (NYSE:ORI) have been trending positive on Saturday, according to AlphaOne. AlphaOne, a unit of Accern, ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. AlphaOne ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Old Republic International earned a daily sentiment score of 0.35 on AlphaOne’s scale. AlphaOne also gave media stories about the insurance provider an impact score of 100 out of 100, indicating that recent press coverage is extremely likely to have an effect on the company’s share price in the immediate future.
Old Republic International (NYSE:ORI) opened at 19.64 on Friday. The company has a market capitalization of $5.13 billion, a PE ratio of 12.37 and a beta of 1.17. The stock’s 50 day moving average price is $20.03 and its 200 day moving average price is $19.49. Old Republic International has a 12-month low of $16.51 and a 12-month high of $21.19.
Old Republic International (NYSE:ORI) last announced its quarterly earnings data on Thursday, April 27th. The insurance provider reported $0.36 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.04. Old Republic International had a net margin of 7.91% and a return on equity of 9.54%. The firm had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter last year, the business earned $0.33 earnings per share. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. On average, equities analysts anticipate that Old Republic International will post $1.47 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Investors of record on Monday, June 5th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 3.91%. The ex-dividend date of this dividend is Thursday, June 1st. Old Republic International’s dividend payout ratio (DPR) is 46.01%.
Separately, Zacks Investment Research raised Old Republic International from a “hold” rating to a “strong-buy” rating and set a $24.00 price target on the stock in a report on Wednesday, February 1st.
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In other Old Republic International news, Director Steven J. Bateman bought 5,000 shares of the company’s stock in a transaction on Monday, May 15th. The stock was purchased at an average cost of $19.56 per share, for a total transaction of $97,800.00. Following the acquisition, the director now owns 15,000 shares of the company’s stock, valued at approximately $293,400. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.30% of the company’s stock.
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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