Old Republic International (NYSE:ORI) Reaches New 12-Month High at $31.62

Old Republic International Co. (NYSE:ORI - Get Free Report) shares reached a new 52-week high during trading on Monday . The stock traded as high as $31.62 and last traded at $31.62, with a volume of 381 shares changing hands. The stock had previously closed at $31.41.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ORI. Piper Sandler boosted their price target on Old Republic International from $32.00 to $38.00 and gave the stock an "overweight" rating in a research report on Monday, April 1st. StockNews.com raised shares of Old Republic International from a "hold" rating to a "buy" rating in a research note on Friday, April 26th.

Old Republic International Stock Performance

The company has a fifty day moving average price of $29.97 and a two-hundred day moving average price of $29.18. The firm has a market cap of $8.46 billion, a price-to-earnings ratio of 12.21 and a beta of 0.81. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.27 and a quick ratio of 0.27.

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. The ex-dividend date was Friday, March 8th. This represents a $1.06 annualized dividend and a dividend yield of 3.41%. This is a boost from Old Republic International's previous quarterly dividend of $0.25. Old Republic International's payout ratio is currently 41.25%.

Insider Buying and Selling

In related news, Director Barbara Adachi bought 1,925 shares of the firm's stock in a transaction that occurred on Friday, February 16th. The shares were acquired 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 of the company's stock, valued at approximately $224,367. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Old Republic International news, VP Thomas Dare sold 1,292 shares of the business's stock in a transaction on Monday, May 6th. The shares were sold at an average price of $30.95, for a total transaction of $39,987.40. Following the sale, the vice president now directly owns 47,764 shares of the company's stock, valued at approximately $1,478,295.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Barbara Adachi purchased 1,925 shares of the company's stock in a transaction that occurred on Friday, February 16th. The shares were acquired at an average cost of $28.60 per share, for a total transaction of $55,055.00. Following the completion of the transaction, 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. 1.00% 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 ORI. Allworth Financial LP boosted its position in Old Republic International by 1,069.4% during the third quarter. Allworth Financial LP now owns 994 shares of the insurance provider's stock valued at $27,000 after purchasing an additional 909 shares during the last quarter. BKM Wealth Management LLC acquired a new stake in shares of Old Republic International during the 4th quarter valued at about $29,000. Naples Money Management LLC bought a new stake in shares of Old Republic International in the 4th quarter valued at approximately $34,000. GAMMA Investing LLC acquired a new position in Old Republic International in the fourth quarter worth approximately $34,000. Finally, Global Retirement Partners LLC raised its position in Old Republic International by 526.1% during the fourth quarter. Global Retirement Partners LLC now owns 1,321 shares of the insurance provider's stock valued at $39,000 after acquiring an additional 1,110 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.