Old Republic International (NYSE:ORI) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Old Republic International (NYSE:ORI) from a hold rating to a buy rating in a report issued on Friday morning.

Separately, Piper Sandler raised their price target on shares of Old Republic International from $32.00 to $38.00 and gave the stock an overweight rating in a report on Monday, April 1st.

Old Republic International Stock Performance

Shares of ORI stock opened at $29.80 on Friday. The firm has a 50 day moving average of $29.61 and a 200-day moving average of $28.95. The company has a market cap of $8.21 billion, a price-to-earnings ratio of 11.59 and a beta of 0.81. The company has a quick ratio of 0.25, a current ratio of 1.28 and a debt-to-equity ratio of 0.31. Old Republic International has a 52 week low of $24.17 and a 52 week high of $31.22.

Old Republic International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Monday, March 11th were issued a dividend of $0.265 per share. This is an increase from Old Republic International’s previous quarterly dividend of $0.25. The ex-dividend date was Friday, March 8th. This represents a $1.06 annualized dividend and a dividend yield of 3.56%. Old Republic International’s payout ratio is currently 41.25%.

Insider Transactions at Old Republic International

In related news, SVP Carolyn Monroe sold 6,528 shares of Old Republic International stock in a transaction 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 owns 35,340 shares of the company’s stock, valued at approximately $979,271.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Old Republic International news, SVP Carolyn Monroe sold 6,528 shares of the firm’s stock in a transaction 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 transaction, the senior vice president now directly owns 35,340 shares of the company’s stock, valued at $979,271.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Barbara Adachi bought 1,925 shares of the firm’s stock in a transaction dated Friday, February 16th. The shares were acquired at an average cost of $28.60 per share, with a total value of $55,055.00. Following the completion of the transaction, the director now owns 7,845 shares of the company’s stock, valued at $224,367. The disclosure for this purchase can be found here. 0.78% of the stock is owned by insiders.

Institutional Trading of Old Republic International

Several institutional investors and hedge funds have recently modified their holdings of ORI. Avantax Planning Partners Inc. grew its holdings in Old Republic International by 5.0% during the third quarter. Avantax Planning Partners Inc. now owns 9,688 shares of the insurance provider’s stock worth $261,000 after buying an additional 463 shares in the last quarter. Kovitz Investment Group Partners LLC grew its stake in shares of Old Republic International by 5.8% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 8,424 shares of the insurance provider’s stock worth $248,000 after acquiring an additional 465 shares in the last quarter. Fifth Third Bancorp raised its holdings in shares of Old Republic International by 26.6% in the third quarter. Fifth Third Bancorp now owns 2,277 shares of the insurance provider’s stock valued at $61,000 after purchasing an additional 479 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its position in shares of Old Republic International by 13.5% during the third quarter. Nomura Asset Management Co. Ltd. now owns 4,210 shares of the insurance provider’s stock valued at $113,000 after purchasing an additional 500 shares in the last quarter. Finally, Moors & Cabot Inc. boosted its holdings in Old Republic International by 2.4% during the third quarter. Moors & Cabot Inc. now owns 21,030 shares of the insurance provider’s stock worth $567,000 after purchasing an additional 500 shares during the last quarter. 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.