Old Republic International (NYSE:ORI) Reaches New 1-Year High – Should You Buy?

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

Wall Street Analyst Weigh In

Separately, Piper Sandler lifted their price objective 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 Stock Down 1.0 %

The company has a debt-to-equity ratio of 0.31, a current ratio of 0.28 and a quick ratio of 0.29. The company has a market capitalization of $9.21 billion, a P/E ratio of 12.53 and a beta of 0.84. The company has a 50 day moving average of $35.40 and a 200-day moving average of $33.10.

Old Republic International Dividend Announcement

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

Institutional Trading of Old Republic International

Several large investors have recently modified their holdings of the business. Caprock Group LLC grew its stake in shares of Old Republic International by 5.8% in the third quarter. Caprock Group LLC now owns 10,123 shares of the insurance provider’s stock worth $359,000 after purchasing an additional 553 shares during the last quarter. Quest Partners LLC grew its holdings in shares of Old Republic International by 5,024,500.0% during the 3rd quarter. Quest Partners LLC now owns 50,246 shares of the insurance provider’s stock worth $1,780,000 after acquiring an additional 50,245 shares during the period. RIA Advisory Group LLC purchased a new position in shares of Old Republic International during the 3rd quarter worth approximately $835,000. Natixis Advisors LLC raised its position in shares of Old Republic International by 15.2% in the 3rd quarter. Natixis Advisors LLC now owns 61,528 shares of the insurance provider’s stock worth $2,179,000 after acquiring an additional 8,136 shares in the last quarter. Finally, Huntington National Bank lifted its stake in shares of Old Republic International by 381.0% in the 3rd quarter. Huntington National Bank now owns 1,289 shares of the insurance provider’s stock valued at $46,000 after purchasing an additional 1,021 shares during the period. 70.92% of the stock is owned by institutional investors.

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.