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Old Republic International Corporation has a 42-year history of raising dividends and 82 years of consecutive payments. The company has returned $492 million to its shareholders in the 1H of '23 between dividends & buybacks. The insurance segment has outperformed the overall market in the last 1, 3, and 5-year periods.
Does Old Republic International (ORI) have what it takes to be a top stock pick for momentum investors? Let's find out.
Solid market presence, niche focus, low property catastrophe exposure in its General Insurance segment and a strong capital position poise Old Republic (ORI) for growth.
Old Republic International has experienced significant outperformance but is unlikely to maintain this level in the long term. ORI is a conservative and well-run insurance company with strong fundamentals and a well-covered dividend. However, the company is currently overvalued and does not offer enough upside potential, making it a "HOLD" rather than a "BUY."
Although the revenue and EPS for Old Republic (ORI) give a sense of how its business performed in the quarter ended June 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Solid market presence, niche focus, low property catastrophe exposure in its General Insurance segment and solid capital position poise Old Republic (ORI) for growth.
ORI has outperformed the S&P 500 by an impressive margin (total return of +42% vs. +10%) since I recommended purchasing the stock, about two years ago. Nevertheless, ORI remains cheaply valued. Despite facing challenges in its Title Insurance segment, the company has a strong performance record and is expected to recover when interest rates normalize.
Companies that raise their dividends consistently can outperform the broader market. Old Republic International has raised its dividend for 42 consecutive years.
Old Republic International Corporation (ORI) Q1 2023 Earnings Call Transcript.
CHICAGO , April 13, 2023 /PRNewswire/ -- Old Republic International Corporation (NYSE: ORI) — today announced that it will report financial results for the first quarter of 2023 before the market opens on Thursday, April 27, and will hold a conference at 3:00 p.m. Eastern time to discuss results.