Old Republic International (NYSE:ORI) Reaches New 1-Year High at $31.62

Old Republic International Co. (NYSE:ORIGet Free Report) shares reached a new 52-week high during trading on Monday . The stock traded as high as $31.62 and last traded at $31.62, with a volume of 381 shares trading hands. The stock had previously closed at $31.41.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on ORI shares. Piper Sandler raised their price target on Old Republic International from $32.00 to $38.00 and gave the company an “overweight” rating in a report on Monday, April 1st. StockNews.com raised Old Republic International from a “hold” rating to a “buy” rating in a report on Friday, April 26th.

View Our Latest Analysis on Old Republic International

Old Republic International Stock Performance

The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.31. The stock’s 50 day moving average is $29.97 and its 200 day moving average is $29.18. The stock has a market capitalization of $8.53 billion, a price-to-earnings ratio of 12.22 and a beta of 0.81.

Old Republic International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Monday, March 11th were given a $0.265 dividend. The ex-dividend date was Friday, March 8th. This is a positive change from Old Republic International’s previous quarterly dividend of $0.25. This represents a $1.06 annualized dividend and a dividend yield of 3.38%. Old Republic International’s dividend payout ratio is currently 41.25%.

Insider Buying and Selling

In related news, Director Therace Risch bought 6,086 shares of the stock in a transaction on Tuesday, April 30th. The shares were purchased at an average price of $29.77 per share, for a total transaction of $181,180.22. Following the acquisition, the director now owns 6,086 shares in the company, valued at $181,180.22. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Therace Risch bought 6,086 shares of Old Republic International stock in a transaction on Tuesday, April 30th. The shares were bought at an average cost of $29.77 per share, for a total transaction of $181,180.22. Following the acquisition, the director now owns 6,086 shares in the company, valued at $181,180.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Barbara Adachi purchased 1,925 shares of the stock in a transaction dated Friday, February 16th. The shares were purchased at an average price of $28.60 per share, with a total value of $55,055.00. Following the completion of the acquisition, the director now owns 7,845 shares of the company’s stock, valued at $224,367. The disclosure for this purchase can be found here. Insiders own 1.00% of the company’s stock.

Institutional Trading of Old Republic International

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Allworth Financial LP grew its holdings in shares of Old Republic International by 1,069.4% during the 3rd quarter. Allworth Financial LP now owns 994 shares of the insurance provider’s stock worth $27,000 after purchasing an additional 909 shares during the period. BKM Wealth Management LLC purchased a new stake in shares of Old Republic International during the 4th quarter worth about $29,000. Naples Money Management LLC purchased a new stake in shares of Old Republic International during the 4th quarter worth about $34,000. GAMMA Investing LLC purchased a new stake in shares of Old Republic International during the 4th quarter worth about $34,000. Finally, Blue Trust Inc. grew its holdings in shares of Old Republic International by 62.7% during the 4th quarter. Blue Trust Inc. now owns 1,365 shares of the insurance provider’s stock worth $37,000 after purchasing an additional 526 shares during the period. Hedge funds and other institutional investors own 70.92% of the company’s stock.

About Old Republic International

(Get Free Report)

Old Republic International Corporation, through its subsidiaries, engages in the insurance underwriting and related services business primarily in the United States and Canada. It operates through three segments: General Insurance, Title Insurance, and Republic Financial Indemnity Group Run-off Business.

See Also

Receive News & Ratings for Old Republic International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Old Republic International and related companies with MarketBeat.com's FREE daily email newsletter.