Versor Investments LP Makes New $2.38 Million Investment in Old Republic International Co. (NYSE:ORI)

Versor Investments LP acquired a new stake in Old Republic International Co. (NYSE:ORI - Free Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 67,300 shares of the insurance provider's stock, valued at approximately $2,384,000.

A number of other institutional investors have also made changes to their positions in ORI. First Eagle Investment Management LLC grew its stake in Old Republic International by 9.6% in the 1st quarter. First Eagle Investment Management LLC now owns 419,685 shares of the insurance provider's stock valued at $12,893,000 after buying an additional 36,700 shares during the last quarter. SG Americas Securities LLC increased its stake in shares of Old Republic International by 309.6% in the second quarter. SG Americas Securities LLC now owns 21,695 shares of the insurance provider's stock worth $670,000 after purchasing an additional 16,399 shares during the period. Rothschild Investment LLC acquired a new position in shares of Old Republic International during the 2nd quarter worth about $1,945,000. Comerica Bank boosted its stake in Old Republic International by 12.5% during the 1st quarter. Comerica Bank now owns 160,211 shares of the insurance provider's stock valued at $4,922,000 after purchasing an additional 17,831 shares during the period. Finally, Ensign Peak Advisors Inc grew its holdings in Old Republic International by 20.0% in the 2nd quarter. Ensign Peak Advisors Inc now owns 108,505 shares of the insurance provider's stock valued at $3,353,000 after buying an additional 18,070 shares during the last quarter. 70.92% of the stock is owned by institutional investors.

Old Republic International Price Performance

NYSE ORI traded up $0.27 during trading hours on Monday, reaching $37.10. 964,910 shares of the company's stock were exchanged, compared to its average volume of 1,429,887. The firm has a fifty day moving average of $35.42 and a 200-day moving average of $33.19. The company has a current ratio of 0.28, a quick ratio of 0.29 and a debt-to-equity ratio of 0.31. Old Republic International Co. has a one year low of $27.19 and a one year high of $37.50. The stock has a market cap of $9.41 billion, a PE ratio of 12.83 and a beta of 0.84.

Old Republic International Dividend Announcement

The company also recently disclosed an annual dividend, which was paid on Monday, September 16th. Investors of record on Friday, September 6th were paid a dividend of $1.06 per share. This represents a yield of 3.05%. The ex-dividend date of this dividend was Friday, September 6th. Old Republic International's payout ratio is 36.55%.

Analysts Set New Price Targets

Separately, Piper Sandler increased their price objective on Old Republic International from $36.00 to $37.00 and gave the company an "overweight" rating in a research report on Monday, October 21st.

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.