Old Republic International (NYSE:ORI) Sets New 1-Year High at $31.02

Old Republic International Co. (NYSE:ORI - Get Free Report)'s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as $31.02 and last traded at $30.99, with a volume of 475269 shares trading hands. The stock had previously closed at $30.73.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ORI. Piper Sandler raised their price objective on Old Republic International from $32.00 to $38.00 and gave the stock an "overweight" rating in a research report on Monday. StockNews.com lowered shares of Old Republic International from a "buy" rating to a "hold" rating in a research note on Friday, January 26th.

Old Republic International Trading Up 0.6 %

The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.25. The business has a 50-day simple moving average of $28.97 and a 200-day simple moving average of $28.58. The company has a market cap of $8.52 billion, a PE ratio of 14.72 and a beta of 0.81.

Old Republic International (NYSE:ORI - Get Free Report) last issued its quarterly earnings data on Thursday, January 25th. The insurance provider reported $0.69 earnings per share for the quarter, missing analysts' consensus estimates of $0.72 by ($0.03). Old Republic International had a net margin of 8.25% and a return on equity of 12.10%. The firm had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.95 billion. On average, analysts predict that Old Republic International Co. will post 2.7 EPS for the current fiscal year.

Old Republic International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Monday, March 11th were paid a $0.265 dividend. This is a positive change from Old Republic International's previous quarterly dividend of $0.25. The ex-dividend date was Friday, March 8th. This represents a $1.06 annualized dividend and a dividend yield of 3.43%. Old Republic International's dividend payout ratio (DPR) is presently 50.48%.

Insider Activity at Old Republic International

In other Old Republic International news, Director Barbara Adachi bought 1,925 shares of Old Republic International stock in a transaction on Friday, February 16th. The shares were bought at an average cost of $28.60 per share, for a total transaction of $55,055.00. Following the acquisition, the director now directly owns 7,845 shares in the company, valued at $224,367. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, SVP Carolyn Monroe sold 6,528 shares of the business's stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $27.71, for a total transaction of $180,890.88. Following the completion of the transaction, the senior vice president now directly owns 35,340 shares of the company's stock, valued at $979,271.40. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Barbara Adachi bought 1,925 shares of the business's stock in a transaction that occurred on Friday, February 16th. The shares were purchased at an average price of $28.60 per share, for a total transaction of $55,055.00. Following the completion of the purchase, the director now directly owns 7,845 shares of the company's stock, valued at approximately $224,367. The disclosure for this purchase can be found here. Company insiders own 1.00% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. American Century Companies Inc. raised its stake in Old Republic International by 58.9% in the first quarter. American Century Companies Inc. now owns 56,825 shares of the insurance provider's stock valued at $1,471,000 after buying an additional 21,064 shares in the last quarter. HighTower Advisors LLC increased its holdings in shares of Old Republic International by 31.1% in the 1st quarter. HighTower Advisors LLC now owns 17,253 shares of the insurance provider's stock valued at $448,000 after acquiring an additional 4,088 shares during the last quarter. Natixis Advisors L.P. raised its position in shares of Old Republic International by 21.5% during the 1st quarter. Natixis Advisors L.P. now owns 22,153 shares of the insurance provider's stock worth $573,000 after acquiring an additional 3,918 shares in the last quarter. D.A. Davidson & CO. purchased a new stake in Old Republic International during the first quarter worth approximately $296,000. Finally, Panagora Asset Management Inc. boosted its holdings in Old Republic International by 2.3% in the first quarter. Panagora Asset Management Inc. now owns 21,388 shares of the insurance provider's stock valued at $553,000 after purchasing an additional 484 shares in the last quarter. Institutional investors and hedge funds 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.