Insider Buying: Old Republic International Co. (NYSE:ORI) Director Buys 6,086 Shares of Stock

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

Old Republic International Price Performance

Shares of ORI opened at $30.62 on Friday. The firm has a 50-day simple moving average of $29.76 and a two-hundred day simple moving average of $29.01. The stock has a market cap of $8.44 billion, a PE ratio of 11.91 and a beta of 0.81. Old Republic International Co. has a 1-year low of $24.17 and a 1-year high of $31.22. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.28 and a quick ratio of 0.25.

Old Republic International Increases Dividend

The business 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. This represents a $1.06 annualized dividend and a yield of 3.46%. The ex-dividend date was Friday, March 8th. This is an increase from Old Republic International’s previous quarterly dividend of $0.25. Old Republic International’s dividend payout ratio (DPR) is 41.25%.

Wall Street Analyst Weigh In

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

Institutional Trading of Old Republic International

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Moloney Securities Asset Management LLC boosted its position in shares of Old Republic International by 3.3% during the first quarter. Moloney Securities Asset Management LLC now owns 14,216 shares of the insurance provider’s stock worth $437,000 after buying an additional 452 shares during the period. Avantax Planning Partners Inc. boosted its holdings in Old Republic International by 5.0% during the 3rd quarter. Avantax Planning Partners Inc. now owns 9,688 shares of the insurance provider’s stock valued at $261,000 after acquiring an additional 463 shares during the period. Kovitz Investment Group Partners LLC grew its position in 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 valued at $248,000 after acquiring an additional 465 shares in the last quarter. Fifth Third Bancorp grew its position in Old Republic International by 26.6% in the 3rd quarter. Fifth Third Bancorp now owns 2,277 shares of the insurance provider’s stock valued at $61,000 after acquiring an additional 479 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its stake in 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 worth $113,000 after purchasing an additional 500 shares during the period. Hedge funds and other institutional investors own 70.92% of the company’s stock.

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.