Old Republic International (NYSE:ORI) Sets New 1-Year High – Time to Buy?

by · The Cerbat Gem

Old Republic International Co. (NYSE:ORI – Get Free Report)’s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as $37.06 and last traded at $36.87, with a volume of 2917 shares traded. The stock had previously closed at $35.14.

Analysts Set New Price Targets

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

Check Out Our Latest Analysis on ORI

Old Republic International Price Performance

The company has a market capitalization of $9.43 billion, a P/E ratio of 12.12 and a beta of 0.84. The company’s 50-day moving average price is $35.36 and its two-hundred day moving average price is $33.06. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.64 and a quick ratio of 0.29.

Old Republic International Dividend Announcement

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

Hedge Funds Weigh In On Old Republic International

Several hedge funds have recently bought and sold shares of the company. Allworth Financial LP boosted its position in shares of Old Republic International by 161.9% during the third 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 last quarter. Versant Capital Management Inc boosted its stake in shares of Old Republic International by 555.6% during the second quarter. Versant Capital Management Inc now owns 885 shares of the insurance provider’s stock valued at $27,000 after purchasing an additional 750 shares in the last quarter. Mather Group LLC. increased its position in Old Republic International by 201.0% during the 2nd quarter. Mather Group LLC. now owns 894 shares of the insurance provider’s stock valued at $27,000 after buying an additional 597 shares in the last quarter. Innealta Capital LLC purchased a new stake in shares of Old Republic International during the second quarter valued at $30,000. Finally, V Square Quantitative Management LLC acquired a new position in shares of Old Republic International in the third quarter valued at about $31,000. Hedge funds and other institutional investors own 70.92% of the company’s stock.

Old Republic International Company Profile

(Get Free Report)

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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