Old Republic International (NYSE:ORI) Reaches New 12-Month High - What's Next?

Old Republic International Co. (NYSE:ORI - Get Free Report)'s stock price reached a new 52-week high on Thursday . The company traded as high as $39.84 and last traded at $39.83, with a volume of 1064262 shares. The stock had previously closed at $39.62.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on ORI shares. Piper Sandler lifted their target price on shares of Old Republic International from $41.00 to $43.00 and gave the company an "overweight" rating in a report on Tuesday, April 1st. StockNews.com cut Old Republic International from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th.

Old Republic International Stock Down 2.9 %

The business's fifty day moving average is $37.27 and its two-hundred day moving average is $36.56. The stock has a market cap of $8.71 billion, a price-to-earnings ratio of 13.40 and a beta of 0.68. The company has a quick ratio of 0.28, a current ratio of 0.62 and a debt-to-equity ratio of 0.28.

Old Republic International (NYSE:ORI - Get Free Report) last posted its quarterly earnings data on Thursday, January 23rd. The insurance provider reported $0.90 earnings per share for the quarter, topping analysts' consensus estimates of $0.71 by $0.19. Old Republic International had a return on equity of 20.32% and a net margin of 10.36%. Equities analysts forecast that Old Republic International Co. will post 3.17 earnings per share for the current fiscal year.

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Old Republic International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Monday, March 10th were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 3.29%. The ex-dividend date was Monday, March 10th. This is a boost from Old Republic International's previous quarterly dividend of $0.27. Old Republic International's dividend payout ratio (DPR) is presently 44.11%.

Insider Buying and Selling

In related news, VP Thomas Dare sold 27,457 shares of the business's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $36.50, for a total transaction of $1,002,180.50. Following the completion of the transaction, the vice president now owns 46,556 shares in the company, valued at approximately $1,699,294. The trade was a 37.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Carolyn Monroe sold 9,188 shares of the stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $36.35, for a total value of $333,983.80. Following the completion of the transaction, the senior vice president now directly owns 33,556 shares in the company, valued at $1,219,760.60. This trade represents a 21.50 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 43,039 shares of company stock worth $1,580,733. Company insiders own 1.00% of the company's stock.

Hedge Funds Weigh In On Old Republic International

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Janus Henderson Group PLC lifted its position in shares of Old Republic International by 5.9% during the 3rd quarter. Janus Henderson Group PLC now owns 120,303 shares of the insurance provider's stock worth $4,262,000 after buying an additional 6,664 shares during the last quarter. Atomi Financial Group Inc. raised its stake in Old Republic International by 4.1% during the 4th quarter. Atomi Financial Group Inc. now owns 7,714 shares of the insurance provider's stock worth $279,000 after acquiring an additional 302 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in Old Republic International by 37.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 71,716 shares of the insurance provider's stock valued at $2,595,000 after acquiring an additional 19,400 shares during the last quarter. Orca Wealth Management LLC acquired a new position in Old Republic International in the fourth quarter valued at $5,209,000. Finally, JPMorgan Chase & Co. grew its holdings in shares of Old Republic International by 5.3% during the third quarter. JPMorgan Chase & Co. now owns 851,492 shares of the insurance provider's stock worth $30,160,000 after purchasing an additional 42,934 shares during the last quarter. 70.92% of the stock is owned by institutional investors and hedge funds.

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.