Old Republic International (NYSE:ORI) Hits New 1-Year High – What’s Next?

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

Analyst Ratings Changes

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

Old Republic International Stock Performance

The company has a market capitalization of $9.47 billion, a PE ratio of 12.88 and a beta of 0.84. The firm has a 50-day moving average of $35.51 and a two-hundred day moving average of $33.32. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.31.

Old Republic International Announces Dividend

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

Institutional Trading of Old Republic International

Several hedge funds have recently made changes to their positions in ORI. Edgestream Partners L.P. acquired a new stake in Old Republic International during the 3rd quarter worth approximately $7,965,000. Caisse DE Depot ET Placement DU Quebec purchased a new position in Old Republic International in the third quarter worth approximately $2,727,000. Verition Fund Management LLC acquired a new position in Old Republic International during the 3rd quarter worth approximately $561,000. Capstone Investment Advisors LLC purchased a new stake in shares of Old Republic International in the 3rd quarter valued at approximately $273,000. Finally, Rockefeller Capital Management L.P. acquired a new stake in shares of Old Republic International in the 3rd quarter valued at $378,000. Hedge funds and other institutional investors 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.