Old Republic International Co. (NYSE:ORI – Get Free Report) Director Therace Risch purchased 6,086 shares of the firm’s stock in a transaction that occurred on Tuesday, April 30th. The stock was purchased at an average price of $29.77 per share, with a total value of $181,180.22. Following the completion of the purchase, the director now directly owns 6,086 shares of the company’s stock, valued at approximately $181,180.22. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Old Republic International Price Performance
Old Republic International stock traded up $0.37 during mid-day trading on Thursday, hitting $30.65. The company’s stock had a trading volume of 1,110,284 shares, compared to its average volume of 1,738,089. The company has a quick ratio of 0.25, a current ratio of 1.28 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $8.44 billion, a P/E ratio of 11.93 and a beta of 0.81. Old Republic International Co. has a twelve month low of $24.17 and a twelve month high of $31.22. The stock’s fifty day moving average price is $29.68 and its two-hundred day moving average price is $28.98.
Old Republic International Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Monday, March 11th were given a $0.265 dividend. This is a positive change from Old Republic International’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Friday, March 8th. This represents a $1.06 annualized dividend and a yield of 3.46%. Old Republic International’s payout ratio is 41.25%.
Institutional Inflows and Outflows
Wall Street Analyst Weigh In
A number of equities analysts have commented on ORI shares. Piper Sandler lifted their target price on Old Republic International from $32.00 to $38.00 and gave the company an “overweight” rating in a research note on Monday, April 1st. StockNews.com upgraded Old Republic International from a “hold” rating to a “buy” rating in a research note on Friday, April 26th.
Get Our Latest Stock Analysis on Old Republic International
About Old Republic International
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.
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