Old Republic International (NYSE:ORI) Reaches New 1-Year High – Here’s Why

Old Republic International Co. (NYSE:ORI)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $38.85 and last traded at $38.83, with a volume of 1574 shares traded. The stock had previously closed at $38.60.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler increased their target price on Old Republic International from $36.00 to $37.00 and gave the company an “overweight” rating in a report on Monday, October 21st.

Old Republic International Trading Up 0.0 %

The business has a 50 day simple moving average of $36.05 and a two-hundred day simple moving average of $33.80. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.31. The company has a market cap of $9.84 billion, a PE ratio of 13.38 and a beta of 0.84.

Old Republic International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, December 6th will be given a dividend of $0.265 per share. This represents a $1.06 annualized dividend and a yield of 2.73%. Old Republic International’s dividend payout ratio (DPR) is presently 36.55%.

Institutional Trading of Old Republic International

A number of institutional investors and hedge funds have recently made changes to their positions in ORI. Allworth Financial LP raised its holdings in shares of Old Republic International by 161.9% during the 3rd quarter. Allworth Financial LP now owns 728 shares of the insurance provider’s stock valued at $26,000 after buying an additional 450 shares during the period. Versant Capital Management Inc grew its position in Old Republic International by 555.6% in the second quarter. Versant Capital Management Inc now owns 885 shares of the insurance provider’s stock valued at $27,000 after acquiring an additional 750 shares in the last quarter. Mather Group LLC. raised its stake in shares of Old Republic International by 201.0% during the second quarter. Mather Group LLC. now owns 894 shares of the insurance provider’s stock valued at $27,000 after purchasing an additional 597 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in shares of Old Republic International during the third quarter worth $28,000. Finally, Innealta Capital LLC acquired a new stake in Old Republic International during the 2nd quarter valued at $30,000. 70.92% of the stock is currently owned by institutional investors and hedge funds.

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.