Old Republic International (NYSE:ORI) Hits New 12-Month High – Should You Buy?

Old Republic International Co. (NYSE:ORI)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $37.53 and last traded at $37.40, with a volume of 608854 shares. The stock had previously closed at $37.09.

Analyst Upgrades and Downgrades

Separately, Piper Sandler increased their price target 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 Stock Performance

The company has a market cap of $9.50 billion, a price-to-earnings ratio of 12.84 and a beta of 0.84. The firm has a 50-day simple moving average of $35.45 and a 200 day simple moving average of $33.24. The company has a quick ratio of 0.29, a current ratio of 0.28 and a debt-to-equity ratio of 0.31.

Old Republic International Dividend Announcement

The business also recently declared an annual dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, September 6th were issued a $1.06 dividend. The ex-dividend date was Friday, September 6th. This represents a dividend yield of 3.05%. Old Republic International’s dividend payout ratio (DPR) is presently 36.55%.

Institutional Trading of Old Republic International

Several institutional investors have recently added to or reduced their stakes in the stock. Allworth Financial LP grew its stake in Old Republic International by 161.9% in the third quarter. Allworth Financial LP now owns 728 shares of the insurance provider’s stock worth $26,000 after purchasing an additional 450 shares in the last quarter. Versant Capital Management Inc grew its stake in Old Republic International by 555.6% during the 2nd quarter. Versant Capital Management Inc now owns 885 shares of the insurance provider’s stock worth $27,000 after buying an additional 750 shares during the last quarter. Mather Group LLC. increased its holdings in shares of Old Republic International by 201.0% in the 2nd quarter. Mather Group LLC. now owns 894 shares of the insurance provider’s stock worth $27,000 after acquiring an additional 597 shares during the period. Innealta Capital LLC acquired a new position in shares of Old Republic International during the second quarter worth approximately $30,000. Finally, V Square Quantitative Management LLC bought a new position in Old Republic International in the 3rd quarter worth approximately $31,000. 70.92% of the stock is 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.