Old Republic International (NYSE:ORI) Reaches New 12-Month High at $31.23

Old Republic International Co. (NYSE:ORI) reached a new 52-week high during trading on Tuesday . The stock traded as high as $31.23 and last traded at $31.20, with a volume of 806713 shares changing hands. The stock had previously closed at $30.87.

Analysts Set New Price Targets

ORI has been the subject of a number of analyst reports. Piper Sandler raised their price target on Old Republic International from $32.00 to $38.00 and gave the stock 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 research note on Friday, April 26th.

Old Republic International Stock Up 0.7 %

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 company’s fifty day simple moving average is $29.79 and its 200 day simple moving average is $29.06. The firm has a market capitalization of $8.56 billion, a PE ratio of 12.01 and a beta of 0.81.

Old Republic International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Monday, March 11th were paid a $0.265 dividend. This represents a $1.06 annualized dividend and a dividend yield of 3.41%. The ex-dividend date of this dividend was Friday, March 8th. This is an increase from Old Republic International’s previous quarterly dividend of $0.25. Old Republic International’s dividend payout ratio is currently 41.25%.

Insider Activity

In related news, SVP Carolyn Monroe sold 3,377 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $30.04, for a total value of $101,445.08. Following the transaction, the senior vice president now owns 33,556 shares of the company’s stock, valued at $1,008,022.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director Barbara Adachi acquired 1,925 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was bought at an average cost of $28.60 per share, for a total transaction of $55,055.00. Following the purchase, the director now owns 7,845 shares in the company, valued at approximately $224,367. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Carolyn Monroe sold 3,377 shares of Old Republic International stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $30.04, for a total transaction of $101,445.08. Following the transaction, the senior vice president now owns 33,556 shares in the company, valued at approximately $1,008,022.24. The disclosure for this sale can be found here. 0.78% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Old Republic International

A number of institutional investors and hedge funds have recently bought and sold shares of ORI. Commonwealth Equity Services LLC lifted its stake in Old Republic International by 7.3% in the 3rd quarter. Commonwealth Equity Services LLC now owns 176,000 shares of the insurance provider’s stock worth $4,741,000 after purchasing an additional 11,925 shares in the last quarter. Raymond James & Associates grew its holdings in Old Republic International by 3.0% during the 3rd quarter. Raymond James & Associates now owns 1,085,866 shares of the insurance provider’s stock valued at $29,253,000 after buying an additional 32,039 shares in the last quarter. Stratos Wealth Partners LTD. bought a new stake in Old Republic International in the 3rd quarter worth approximately $301,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Old Republic International by 24.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 45,779 shares of the insurance provider’s stock worth $1,233,000 after acquiring an additional 9,049 shares in the last quarter. Finally, Advisor Partners II LLC purchased a new stake in Old Republic International during the third quarter valued at $206,000. 70.92% of the stock is owned by institutional investors.

Old Republic International Company Profile

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.