Dynamic Technology Lab Private Ltd Acquires New Stake in Old Republic International Co. (NYSE:ORI)

Dynamic Technology Lab Private Ltd bought a new position in shares of Old Republic International Co. (NYSE:ORI - Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 28,930 shares of the insurance provider's stock, valued at approximately $1,025,000.

Other large investors have also recently made changes to their positions in the company. Allworth Financial LP boosted 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 valued at $26,000 after purchasing an additional 450 shares in the last quarter. Versant Capital Management Inc boosted its holdings 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 purchasing an additional 750 shares in 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 valued at $27,000 after purchasing an additional 597 shares in the last quarter. Innealta Capital LLC acquired a new position in Old Republic International in the second quarter valued at approximately $30,000. Finally, V Square Quantitative Management LLC acquired a new position in Old Republic International in the third quarter valued at approximately $31,000. 70.92% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Piper Sandler upped their price target on 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 Stock Performance

Shares of ORI stock traded up $0.18 during trading hours on Thursday, hitting $38.98. The stock had a trading volume of 813,269 shares, compared to its average volume of 1,413,106. The firm has a market capitalization of $9.88 billion, a PE ratio of 13.44 and a beta of 0.84. Old Republic International Co. has a twelve month low of $27.19 and a twelve month high of $39.27. The stock's 50 day moving average is $36.12 and its 200 day moving average is $33.84. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.28 and a quick ratio of 0.28.

Old Republic International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, December 6th will be issued a $0.265 dividend. This represents a $1.06 annualized dividend and a dividend yield of 2.72%. The ex-dividend date is Friday, December 6th. Old Republic International's payout ratio is currently 36.55%.

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.