Old Republic International (NYSE:ORI) Reaches New 1-Year High at $31.23

Old Republic International Co. (NYSE:ORI)’s share price reached a new 52-week high during trading on Tuesday . The company 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.

Analyst Ratings Changes

Several analysts have recently issued reports on ORI shares. Piper Sandler lifted their target price on shares of Old Republic International from $32.00 to $38.00 and gave the company an “overweight” rating in a research report 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.

Old Republic International Stock Up 0.7 %

The firm has a market capitalization of $8.56 billion, a PE ratio of 12.01 and a beta of 0.81. 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 business has a 50-day moving average price of $29.79 and a 200-day moving average price of $29.06.

Old Republic International Increases Dividend

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

Insider Activity at Old Republic International

In other Old Republic International news, Director Barbara Adachi acquired 1,925 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The shares were purchased at an average cost of $28.60 per share, for a total transaction of $55,055.00. Following the completion of the acquisition, the director now owns 7,845 shares of the company’s stock, valued at approximately $224,367. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Barbara Adachi bought 1,925 shares of the stock in a transaction on Friday, February 16th. The stock was bought at an average price of $28.60 per share, with a total value of $55,055.00. Following the completion of the purchase, the director now directly owns 7,845 shares in the company, valued at approximately $224,367. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Therace Risch purchased 6,086 shares of Old Republic International stock in a transaction dated Tuesday, April 30th. The stock was bought at an average cost of $29.77 per share, for a total transaction of $181,180.22. Following the completion of the purchase, the director now directly owns 6,086 shares in the company, valued at approximately $181,180.22. The disclosure for this purchase can be found here. 0.78% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Old Republic International

A number of institutional investors have recently modified their holdings of the company. Nordea Investment Management AB increased its stake in Old Republic International by 12.7% during the fourth quarter. Nordea Investment Management AB now owns 436,420 shares of the insurance provider’s stock worth $12,826,000 after purchasing an additional 49,329 shares during the period. Alaska Permanent Fund Corp increased its stake in Old Republic International by 9.2% during the 4th quarter. Alaska Permanent Fund Corp now owns 436,716 shares of the insurance provider’s stock worth $12,839,000 after buying an additional 36,754 shares during the period. Teachers Retirement System of The State of Kentucky lifted its holdings in Old Republic International by 92.2% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 93,599 shares of the insurance provider’s stock worth $2,522,000 after buying an additional 44,895 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in shares of Old Republic International in the fourth quarter worth $3,270,000. Finally, Etesian Wealth Advisors Inc. raised its stake in shares of Old Republic International by 1.7% in the fourth quarter. Etesian Wealth Advisors Inc. now owns 49,520 shares of the insurance provider’s stock valued at $1,458,000 after acquiring an additional 808 shares in the last quarter. 70.92% of the stock is owned by institutional investors and hedge funds.

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.