Old Republic International Corporation (ORI) Getting Somewhat Positive Press Coverage, Study Finds
Media coverage about Old Republic International Corporation (NYSE:ORI) has been trending somewhat positive recently, Accern Sentiment reports. Accern identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real-time. Accern 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 Corporation earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave headlines about the insurance provider an impact score of 47.1387170618685 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the headlines that may have impacted Accern’s rankings:
- Old Republic International Corporation (ORI) Upgraded to Hold at Zacks Investment Research (americanbankingnews.com)
- OLD REPUBLIC INTERNATIONAL CORPORATION (NYSE:ORI) Files An 8-K Submission of Matters to a Vote of Security Holders (4-traders.com)
- Old Republic International Corp (ORI) Needle Moving 0.84% – Sparta Review (spartareview.com)
- Old Republic’s Board Of Directors Declares Third Quarter 2017 Cash Dividend, And Reports On Corporate Governance Matters (finance.yahoo.com)
- Old Republic International Corporation (ORI) Declares Quarterly Dividend of $0.19 (americanbankingnews.com)
Several brokerages have commented on ORI. Zacks Investment Research raised Old Republic International Corporation from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a research note on Wednesday, May 24th. BidaskClub raised Old Republic International Corporation from a “strong sell” rating to a “sell” rating in a research note on Friday, June 16th.
Old Republic International Corporation (NYSE:ORI) opened at 19.29 on Monday. The firm has a market cap of $5.04 billion, a P/E ratio of 12.16 and a beta of 1.32. Old Republic International Corporation has a 52 week low of $16.51 and a 52 week high of $21.19. The firm’s 50-day moving average price is $19.42 and its 200 day moving average price is $19.95.
Old Republic International Corporation (NYSE:ORI) last announced its quarterly earnings results on Thursday, July 27th. The insurance provider reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by $0.02. Old Republic International Corporation had a net margin of 7.64% and a return on equity of 9.41%. The firm had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same period in the previous year, the company posted $0.35 earnings per share. Old Republic International Corporation’s quarterly revenue was up 3.9% on a year-over-year basis. Equities analysts forecast that Old Republic International Corporation will post $1.45 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Tuesday, September 5th will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 3.94%. The ex-dividend date is Thursday, August 31st. Old Republic International Corporation’s payout ratio is presently 47.80%.
In related news, Director Arnold L. Steiner sold 20,000 shares of the stock in a transaction that occurred on Friday, June 16th. The stock was sold at an average price of $20.24, for a total transaction of $404,800.00. Following the completion of the transaction, the director now directly owns 270,237 shares of the company’s stock, valued at $5,469,596.88. The sale was disclosed in a filing with the SEC, which is available through this link. 2.30% of the stock is currently owned by corporate insiders.
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About Old Republic International Corporation
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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