Old Republic International (NYSE:ORI) Hits New 12-Month High – Time to Buy?

Old Republic International Co. (NYSE:ORI)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The company 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.

Analysts Set New Price Targets

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

Old Republic International Price Performance

The company has a debt-to-equity ratio of 0.31, a current ratio of 0.28 and a quick ratio of 0.28. The company has a 50-day simple moving average of $35.51 and a 200-day simple moving average of $33.32. The stock has a market cap of $9.47 billion, a PE ratio of 12.88 and a beta of 0.84.

Old Republic International Dividend Announcement

The business 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. This represents a yield of 3.05%. The ex-dividend date of this dividend was Friday, September 6th. Old Republic International’s dividend payout ratio (DPR) is presently 36.55%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Financial Counselors Inc. grew its stake in shares of Old Republic International by 3.8% in the second quarter. Financial Counselors Inc. now owns 9,270 shares of the insurance provider’s stock valued at $286,000 after buying an additional 340 shares in the last quarter. Covestor Ltd raised its stake in shares of Old Republic International by 23.0% during the first quarter. Covestor Ltd now owns 1,937 shares of the insurance provider’s stock valued at $59,000 after purchasing an additional 362 shares during the period. CIBC Asset Management Inc lifted its position in shares of Old Republic International by 4.9% during the second quarter. CIBC Asset Management Inc now owns 7,902 shares of the insurance provider’s stock worth $244,000 after purchasing an additional 371 shares in the last quarter. EP Wealth Advisors LLC boosted its stake in shares of Old Republic International by 5.2% in the first quarter. EP Wealth Advisors LLC now owns 7,762 shares of the insurance provider’s stock valued at $238,000 after purchasing an additional 387 shares during the period. Finally, Raymond James Trust N.A. increased its stake in Old Republic International by 1.8% during the 3rd quarter. Raymond James Trust N.A. now owns 24,816 shares of the insurance provider’s stock worth $879,000 after buying an additional 429 shares during the period. 70.92% of the stock is owned by hedge funds and other 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.