Old Republic International Co. (NYSE:ORI) Director Therace Risch Buys 6,086 Shares

Old Republic International Co. (NYSE:ORI) Director Therace Risch bought 6,086 shares of the stock in a transaction dated Tuesday, April 30th. The shares were acquired at an average price of $29.77 per share, with a total value of $181,180.22. Following the completion of the acquisition, the director now directly owns 6,086 shares of the company’s stock, valued at approximately $181,180.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Old Republic International Trading Up 1.2 %

Shares of ORI stock opened at $30.64 on Friday. Old Republic International Co. has a 1 year low of $24.17 and a 1 year high of $31.22. The firm has a fifty day moving average price of $29.72 and a 200-day moving average price of $28.99. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.28 and a quick ratio of 0.25. The company has a market cap of $8.44 billion, a price-to-earnings ratio of 11.92 and a beta of 0.81.

Old Republic International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Monday, March 11th were issued a $0.265 dividend. The ex-dividend date of this dividend was Friday, March 8th. This represents a $1.06 annualized dividend and a yield of 3.46%. This is an increase from Old Republic International’s previous quarterly dividend of $0.25. Old Republic International’s dividend payout ratio is currently 41.25%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Allworth Financial LP boosted its holdings in Old Republic International by 1,069.4% in the 3rd quarter. Allworth Financial LP now owns 994 shares of the insurance provider’s stock worth $27,000 after buying an additional 909 shares during the period. BKM Wealth Management LLC bought a new position in shares of Old Republic International during the 4th quarter valued at about $29,000. Naples Money Management LLC bought a new position in shares of Old Republic International during the 4th quarter valued at about $34,000. GAMMA Investing LLC bought a new position in shares of Old Republic International during the 4th quarter valued at about $34,000. Finally, Global Retirement Partners LLC boosted its holdings in shares of Old Republic International by 526.1% during the 4th quarter. Global Retirement Partners LLC now owns 1,321 shares of the insurance provider’s stock valued at $39,000 after purchasing an additional 1,110 shares during the last quarter. Institutional investors own 70.92% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on ORI. StockNews.com upgraded shares of Old Republic International from a “hold” rating to a “buy” rating in a report on Friday, April 26th. Piper Sandler boosted their target price on shares of Old Republic International from $32.00 to $38.00 and gave the company an “overweight” rating in a research note on Monday, April 1st.

Old Republic International Company Profile

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.