Old Republic International (NYSE:ORI) Hits New 52-Week High – Still a Buy?

Old Republic International Co. (NYSE:ORI) shares reached a new 52-week high on Monday . The company traded as high as $37.79 and last traded at $37.64, with a volume of 66972 shares traded. The stock had previously closed at $37.51.

Analysts Set New Price Targets

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

Old Republic International Price Performance

The company has a fifty day simple moving average of $35.65 and a 200 day simple moving average of $33.50. The stock has a market capitalization of $9.50 billion, a price-to-earnings ratio of 12.92 and a beta of 0.84. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.28 and a current ratio of 0.28.

Hedge Funds Weigh In On Old Republic International

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in Old Republic International by 6.3% during the 1st quarter. Vanguard Group Inc. now owns 28,156,630 shares of the insurance provider’s stock worth $864,972,000 after purchasing an additional 1,661,147 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Old Republic International by 7.6% during the second quarter. Dimensional Fund Advisors LP now owns 7,542,836 shares of the insurance provider’s stock worth $233,073,000 after buying an additional 532,251 shares during the last quarter. Hamlin Capital Management LLC lifted its holdings in Old Republic International by 8.0% in the third quarter. Hamlin Capital Management LLC now owns 5,134,096 shares of the insurance provider’s stock valued at $181,850,000 after buying an additional 379,474 shares during the period. LSV Asset Management boosted its position in Old Republic International by 14.4% during the second quarter. LSV Asset Management now owns 1,838,307 shares of the insurance provider’s stock valued at $56,804,000 after acquiring an additional 231,600 shares during the last quarter. Finally, Raymond James & Associates grew its holdings in Old Republic International by 2.4% during the 3rd quarter. Raymond James & Associates now owns 1,072,899 shares of the insurance provider’s stock worth $38,002,000 after acquiring an additional 25,610 shares during the period. 70.92% of the stock is owned by institutional investors and hedge funds.

About Old Republic International

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.