Old Republic International (NYSE:ORI) Sets New 52-Week High – What’s Next?

Old Republic International Co. (NYSE:ORI)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $37.79 and last traded at $37.64, with a volume of 66972 shares. The stock had previously closed at $37.51.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler boosted their price target on shares of Old Republic International from $36.00 to $37.00 and gave the company an “overweight” rating in a report on Monday, October 21st.

Old Republic International Price Performance

The stock has a fifty day moving average price of $35.60 and a 200-day moving average price of $33.45. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.28 and a current ratio of 0.28. The firm has a market capitalization of $9.52 billion, a PE ratio of 12.93 and a beta of 0.84.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Allworth Financial LP grew its holdings in Old Republic International by 161.9% in the third quarter. Allworth Financial LP now owns 728 shares of the insurance provider’s stock worth $26,000 after purchasing an additional 450 shares during the last quarter. Versant Capital Management Inc raised its stake in Old Republic International by 555.6% in the second quarter. Versant Capital Management Inc now owns 885 shares of the insurance provider’s stock valued at $27,000 after buying an additional 750 shares during the last quarter. Mather Group LLC. boosted its holdings in Old Republic International by 201.0% in the second quarter. Mather Group LLC. now owns 894 shares of the insurance provider’s stock worth $27,000 after acquiring an additional 597 shares in the last quarter. Innealta Capital LLC purchased a new stake in shares of Old Republic International during the second quarter worth about $30,000. Finally, V Square Quantitative Management LLC acquired a new position in shares of Old Republic International during the third quarter valued at about $31,000. Hedge funds and other institutional investors own 70.92% of the company’s stock.

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.