Therace Risch Purchases 6,086 Shares of Old Republic International Co. (NYSE:ORI) Stock

Old Republic International Co. (NYSE:ORI) Director Therace Risch purchased 6,086 shares of the business’s stock in a transaction dated Tuesday, April 30th. The shares were purchased at an average price of $29.77 per share, for a total transaction of $181,180.22. Following the purchase, the director now owns 6,086 shares of the company’s stock, valued at approximately $181,180.22. The purchase was disclosed in a filing with the SEC, which is accessible through this link.

Old Republic International Price Performance

Shares of ORI stock opened at $30.62 on Friday. The stock’s 50-day moving average is $29.76 and its 200 day moving average is $29.01. 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. The company has a market cap of $8.44 billion, a P/E ratio of 11.91 and a beta of 0.81.

Old Republic International Increases Dividend

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

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of ORI. Allworth Financial LP boosted its stake in Old Republic International by 1,069.4% in the third quarter. Allworth Financial LP now owns 994 shares of the insurance provider’s stock valued at $27,000 after acquiring an additional 909 shares in the last quarter. BKM Wealth Management LLC acquired a new stake in shares of Old Republic International in the 4th quarter worth $29,000. Naples Money Management LLC purchased a new position in Old Republic International during the 4th quarter worth $34,000. GAMMA Investing LLC purchased a new position in Old Republic International during the 4th quarter worth $34,000. Finally, Global Retirement Partners LLC increased its position in 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 buying an additional 1,110 shares in the last quarter. Institutional investors own 70.92% of the company’s stock.

Wall Street Analyst Weigh In

ORI has been the topic of a number of research reports. StockNews.com raised shares of Old Republic International from a “hold” rating to a “buy” rating in a research report on Friday, April 26th. Piper Sandler boosted their price objective on shares of Old Republic International from $32.00 to $38.00 and gave the stock 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.