Old Republic International (ORI) Getting Favorable Press Coverage, Analysis Shows
Headlines about Old Republic International (NYSE:ORI) have been trending positive recently, according to Accern Sentiment Analysis. The research group ranks the sentiment of press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Old Republic International earned a coverage optimism score of 0.27 on Accern’s scale. Accern also gave news coverage about the insurance provider an impact score of 45.808997630265 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the media stories that may have effected Accern’s rankings:
- Zacks: Analysts Set $25.00 Target Price for Old Republic International Co. (ORI) (americanbankingnews.com)
- Unusual Volume Activity Alert – Old Republic International Corporation (ORI) – Wall Street Morning (wallstreetmorning.com)
- Old Republic Declares Regular First Quarter Cash Dividend Of 19.5 Cents Per Share (finance.yahoo.com)
- Old Republic International Co. (ORI) Declares Dividend Increase – $0.20 Per Share (americanbankingnews.com)
- Old Republic International Corporation (NYSE:ORI) – Is The Stock Worthy? – Nasdaq Journal (nasdaqjournal.com)
ORI has been the subject of several recent research reports. JMP Securities raised Old Republic International from a “market perform” rating to an “outperform” rating in a research report on Monday, February 12th. Zacks Investment Research raised Old Republic International from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a research report on Wednesday, January 24th. Finally, Raymond James Financial raised Old Republic International from an “outperform” rating to a “strong-buy” rating and boosted their price target for the stock from $23.00 to $25.00 in a research report on Monday, October 30th.
Old Republic International (NYSE:ORI) last released its quarterly earnings results on Thursday, January 25th. The insurance provider reported $0.33 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.05. The firm had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.64 billion. Old Republic International had a return on equity of 6.80% and a net margin of 8.95%. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.43 EPS. research analysts forecast that Old Republic International will post 1.7 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Monday, March 5th will be given a $0.195 dividend. This represents a $0.78 annualized dividend and a dividend yield of 3.85%. This is a positive change from Old Republic International’s previous quarterly dividend of $0.19. The ex-dividend date is Friday, March 2nd. Old Republic International’s payout ratio is presently 39.79%.
In related news, Director Glenn W. Reed purchased 5,000 shares of Old Republic International stock in a transaction dated Thursday, February 15th. The stock was purchased at an average cost of $20.43 per share, with a total value of $102,150.00. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Charles S. Boone sold 15,000 shares of the business’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $20.96, for a total value of $314,400.00. Following the completion of the transaction, the vice president now directly owns 22,750 shares of the company’s stock, valued at $476,840. The disclosure for this sale can be found here. Over the last three months, insiders sold 81,552 shares of company stock valued at $1,711,992. Corporate insiders own 2.00% of the company’s stock.
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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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