Old Republic International (NYSE:ORI) Reaches New 52-Week High – Time to Buy?

Old Republic International Co. (NYSE:ORI) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $39.84 and last traded at $39.83, with a volume of 1064262 shares traded. The stock had previously closed at $39.62.

Analysts Set New Price Targets

ORI has been the subject of a number of analyst reports. Piper Sandler boosted their price target on Old Republic International from $41.00 to $43.00 and gave the company an “overweight” rating in a research note on Tuesday. StockNews.com cut shares of Old Republic International from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th.

Old Republic International Stock Performance

The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.28 and a current ratio of 0.62. The stock has a market cap of $9.89 billion, a price-to-earnings ratio of 15.14 and a beta of 0.83. The stock has a fifty day simple moving average of $37.25 and a two-hundred day simple moving average of $36.53.

Old Republic International (NYSE:ORI) last issued its earnings results on Thursday, January 23rd. The insurance provider reported $0.90 EPS for the quarter, topping the consensus estimate of $0.71 by $0.19. Old Republic International had a return on equity of 20.32% and a net margin of 10.36%. Analysts expect that Old Republic International Co. will post 3.17 EPS for the current fiscal year.

Old Republic International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Monday, March 10th were given a $0.29 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $1.16 dividend on an annualized basis and a yield of 2.91%. This is a positive change from Old Republic International’s previous quarterly dividend of $0.27. Old Republic International’s dividend payout ratio (DPR) is currently 44.11%.

Insider Transactions at Old Republic International

In other Old Republic International news, SVP Carolyn Monroe sold 9,188 shares of the company’s stock in a transaction that occurred 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 approximately $1,219,760.60. This represents a 21.50 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Jeffrey Lange sold 1,098 shares of the firm’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $36.56, for a total transaction of $40,142.88. Following the transaction, the senior vice president now directly owns 34,679 shares of the company’s stock, valued at $1,267,864.24. The trade was a 3.07 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 43,039 shares of company stock worth $1,580,733. Corporate insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ORI. Wilmington Savings Fund Society FSB bought a new stake in shares of Old Republic International in the 3rd quarter valued at about $28,000. Fairway Wealth LLC acquired a new position in shares of Old Republic International in the fourth quarter worth approximately $29,000. SBI Securities Co. Ltd. bought a new stake in Old Republic International in the fourth quarter valued at approximately $34,000. Core Alternative Capital bought a new position in Old Republic International during the 4th quarter worth approximately $36,000. Finally, Synergy Asset Management LLC acquired a new position in shares of Old Republic International in the 4th quarter worth approximately $39,000. 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.