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

Shares of Old Republic International Co. (NYSE:ORI) 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 changing hands. The stock had previously closed at $38.60.

Analyst Upgrades and Downgrades

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

Old Republic International Trading Up 1.0 %

The stock has a market cap of $9.89 billion, a price-to-earnings ratio of 13.43 and a beta of 0.84. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.31. The business has a 50-day moving average of $35.92 and a 200-day moving average of $33.70.

Institutional Trading of Old Republic International

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. World Investment Advisors LLC bought a new position in shares of Old Republic International in the third quarter worth about $531,000. Sanctuary Advisors LLC increased its stake in Old Republic International by 0.7% during the third quarter. Sanctuary Advisors LLC now owns 120,122 shares of the insurance provider’s stock valued at $4,637,000 after acquiring an additional 816 shares during the period. Neo Ivy Capital Management bought a new position in Old Republic International during the third quarter valued at about $772,000. Barclays PLC increased its stake in Old Republic International by 51.3% during the third quarter. Barclays PLC now owns 272,914 shares of the insurance provider’s stock valued at $9,665,000 after acquiring an additional 92,591 shares during the period. Finally, Y Intercept Hong Kong Ltd increased its stake in Old Republic International by 40.7% during the third quarter. Y Intercept Hong Kong Ltd now owns 22,764 shares of the insurance provider’s stock valued at $806,000 after acquiring an additional 6,589 shares during the period. Institutional investors and hedge funds own 70.92% of the company’s stock.

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.