StockNews.com Begins Coverage on Old Republic International (NYSE:ORI)

StockNews.com assumed coverage on shares of Old Republic International (NYSE:ORI – Get Rating) in a research report released on Thursday. The firm issued a buy rating on the insurance provider’s stock.

Separately, Raymond James boosted their price objective on Old Republic International from $27.00 to $29.00 and gave the company an outperform rating in a research report on Monday, January 30th.

Old Republic International Price Performance

Shares of ORI opened at $23.43 on Thursday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.55 and a current ratio of 0.55. The stock has a 50 day simple moving average of $25.42 and a 200 day simple moving average of $23.89. Old Republic International has a 52-week low of $20.27 and a 52-week high of $26.72. The firm has a market capitalization of $6.96 billion, a PE ratio of 10.23 and a beta of 0.79.

Old Republic International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 15th. Shareholders of record on Monday, March 6th were given a dividend of $0.245 per share. The ex-dividend date was Friday, March 3rd. This represents a $0.98 dividend on an annualized basis and a yield of 4.18%. This is an increase from Old Republic International’s previous quarterly dividend of $0.23. Old Republic International’s dividend payout ratio is 42.79%.

Hedge Funds Weigh In On Old Republic International

A number of large investors have recently bought and sold shares of ORI. TCI Wealth Advisors Inc. boosted its position in Old Republic International by 212.2% during the 3rd quarter. TCI Wealth Advisors Inc. now owns 1,255 shares of the insurance provider’s stock worth $26,000 after acquiring an additional 853 shares during the last quarter. Belpointe Asset Management LLC acquired a new stake in shares of Old Republic International in the 4th quarter valued at approximately $28,000. Ronald Blue Trust Inc. boosted its holdings in shares of Old Republic International by 468.9% in the 3rd quarter. Ronald Blue Trust Inc. now owns 1,502 shares of the insurance provider’s stock valued at $34,000 after buying an additional 1,238 shares during the last quarter. Stonebridge Capital Advisors LLC boosted its holdings in shares of Old Republic International by 130.9% in the 4th quarter. Stonebridge Capital Advisors LLC now owns 1,411 shares of the insurance provider’s stock valued at $34,000 after buying an additional 800 shares during the last quarter. Finally, Atlas Capital Advisors LLC acquired a new stake in shares of Old Republic International in the 2nd quarter valued at approximately $34,000. Institutional investors and hedge funds own 70.87% of the company’s stock.

About Old Republic International

(Get Rating)

Old Republic International Corp. is a holding company, which engages in the business of insurance underwriting. It operates through the following segments: General Insurance, Title Insurance, Republic Financial Indemnity Group (RFIG) Run-Off, and Corporate and Other. The General Insurance segment provides property and liability insurance primarily to commercial clients.