Old Republic International Co. (NYSE:ORI – Get Free Report) hit a new 52-week high on Tuesday . The company traded as high as $37.53 and last traded at $37.40, with a volume of 608854 shares traded. The stock had previously closed at $37.09.
Wall Street Analyst Weigh In
Separately, Piper Sandler boosted their price target on Old Republic International from $36.00 to $37.00 and gave the company an “overweight” rating in a research note on Monday, October 21st.
View Our Latest Stock Analysis on Old Republic International
Old Republic International Stock Performance
Old Republic International Announces Dividend
The firm also recently declared an annual dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, September 6th were given a $1.06 dividend. This represents a dividend yield of 3.05%. The ex-dividend date of this dividend was Friday, September 6th. Old Republic International’s dividend payout ratio (DPR) is currently 36.55%.
Institutional Investors Weigh In On Old Republic International
Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Old Republic International by 6.3% during the first quarter. Vanguard Group Inc. now owns 28,156,630 shares of the insurance provider’s stock valued at $864,972,000 after purchasing an additional 1,661,147 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Old Republic International by 7.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 7,542,836 shares of the insurance provider’s stock worth $233,073,000 after buying an additional 532,251 shares during the period. Hamlin Capital Management LLC boosted its position in shares of Old Republic International by 8.0% during the third quarter. Hamlin Capital Management LLC now owns 5,134,096 shares of the insurance provider’s stock worth $181,850,000 after acquiring an additional 379,474 shares during the last quarter. LSV Asset Management boosted its position in shares of Old Republic International by 14.4% during the 2nd quarter. LSV Asset Management now owns 1,838,307 shares of the insurance provider’s stock valued at $56,804,000 after acquiring an additional 231,600 shares during the last quarter. Finally, Raymond James & Associates boosted its stake in Old Republic International by 2.4% during the third quarter. Raymond James & Associates now owns 1,072,899 shares of the insurance provider’s stock worth $38,002,000 after buying an additional 25,610 shares during the period. Institutional investors own 70.92% of the company’s stock.
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.
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