Here's Why You Should Hold Old Republic International Stock
Zacks Investment Research | Jan 28, 2019 06:09AM ET
Old Republic International Corporation (NYSE:ORI) is poised for long-term growth on the back of solid segmental performances, improving housing market fundamentals and solid capital position. The company has a favorable industry ’s 21.2% decrease.
Given improving real estate market fundamentals, increasing home sales should continue to support premiums and fees improvement. Housing price inflation should help the company witness increased revenues. The company noted that home prices have gone up in the last three years, driving premiums higher.
A sound financial position helps the company keep its balance sheet low levered by avoiding excess debt. Its debt to equity ratio of 18.5 is lower than the industry average of 48.5.
Old Republic International has a strong capital management policy in place. The company has a track record of posting at least 25 straight years of annual dividend growth. Its dividend yield of 3.9% betters the industry average of 2.4%.
This insurance underwriter carries an impressive Zacks Investment Research
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