Old Republic International (NYSE:ORI) Sets New 1-Year High at $30.80

Old Republic International Co. (NYSE:ORI) reached a new 52-week high on Thursday . The stock traded as high as $30.80 and last traded at $30.76, with a volume of 111726 shares changing hands. The stock had previously closed at $30.55.

Analyst Ratings Changes

Several brokerages have commented on ORI. StockNews.com downgraded Old Republic International from a “buy” rating to a “hold” rating in a research report on Friday, January 26th. Piper Sandler upgraded shares of Old Republic International from a “neutral” rating to an “overweight” rating and set a $32.00 target price on the stock in a report on Monday, February 12th.

Old Republic International Stock Performance

The firm’s 50 day moving average is $28.91 and its 200-day moving average is $28.47. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.25 and a current ratio of 0.25. The company has a market cap of $8.58 billion, a PE ratio of 14.55 and a beta of 0.81.

Old Republic International (NYSE:ORI) last released its quarterly earnings results on Thursday, January 25th. The insurance provider reported $0.69 earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.03). Old Republic International had a return on equity of 12.10% and a net margin of 8.25%. The business had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.95 billion. On average, research analysts anticipate that Old Republic International Co. will post 2.7 earnings per share for the current fiscal year.

Old Republic International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Monday, March 11th were issued a $0.265 dividend. The ex-dividend date of this dividend was Friday, March 8th. This is a positive change from Old Republic International’s previous quarterly dividend of $0.25. This represents a $1.06 dividend on an annualized basis and a yield of 3.44%. Old Republic International’s dividend payout ratio (DPR) is 50.48%.

Insider Activity

In related news, Director Barbara Adachi purchased 1,925 shares of the company’s stock in a transaction on Friday, February 16th. The shares were bought at an average cost of $28.60 per share, for a total transaction of $55,055.00. Following the completion of the purchase, the director now directly owns 7,845 shares of the company’s stock, valued at approximately $224,367. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Barbara Adachi purchased 1,925 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The shares were purchased at an average price of $28.60 per share, for a total transaction of $55,055.00. Following the purchase, the director now directly owns 7,845 shares of the company’s stock, valued at approximately $224,367. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Carolyn Monroe sold 6,528 shares of the stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $27.71, for a total value of $180,890.88. Following the completion of the sale, the senior vice president now directly owns 35,340 shares of the company’s stock, valued at $979,271.40. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

Institutional Trading of Old Republic International

Several hedge funds and other institutional investors have recently made changes to their positions in ORI. Mercer Global Advisors Inc. ADV grew its holdings in Old Republic International by 2.5% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 15,593 shares of the insurance provider’s stock valued at $458,000 after purchasing an additional 376 shares during the last quarter. Avantax Planning Partners Inc. lifted its position in shares of Old Republic International by 5.0% in the third quarter. Avantax Planning Partners Inc. now owns 9,688 shares of the insurance provider’s stock valued at $261,000 after acquiring an additional 463 shares in the last quarter. Kovitz Investment Group Partners LLC boosted its stake in shares of Old Republic International by 5.8% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 8,424 shares of the insurance provider’s stock valued at $248,000 after acquiring an additional 465 shares during the last quarter. MBM Wealth Consultants LLC increased its position in Old Republic International by 4.8% during the 3rd quarter. MBM Wealth Consultants LLC now owns 10,280 shares of the insurance provider’s stock worth $277,000 after purchasing an additional 467 shares in the last quarter. Finally, Mutual Advisors LLC lifted its holdings in Old Republic International by 4.2% in the 2nd quarter. Mutual Advisors LLC now owns 11,546 shares of the insurance provider’s stock valued at $258,000 after purchasing an additional 467 shares in the last quarter. Hedge funds and other institutional investors own 70.92% of the company’s stock.

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.