Axxcess Wealth Management LLC Makes New $524,000 Investment in Old Republic International Co. (NYSE:ORI)

Axxcess Wealth Management LLC bought a new position in Old Republic International Co. (NYSE:ORI - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 14,801 shares of the insurance provider's stock, valued at approximately $524,000.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Old Republic International by 6.3% in the first quarter. Vanguard Group Inc. now owns 28,156,630 shares of the insurance provider's stock valued at $864,972,000 after buying an additional 1,661,147 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Old Republic International by 7.6% in the second quarter. Dimensional Fund Advisors LP now owns 7,542,836 shares of the insurance provider's stock valued at $233,073,000 after acquiring an additional 532,251 shares in the last quarter. Hamlin Capital Management LLC raised its stake in shares of Old Republic International by 8.0% during the third quarter. Hamlin Capital Management LLC now owns 5,134,096 shares of the insurance provider's stock valued at $181,850,000 after purchasing an additional 379,474 shares during the period. Lighthouse Investment Partners LLC acquired a new position in shares of Old Republic International during the second quarter worth $10,641,000. Finally, Point72 Asset Management L.P. purchased a new position in shares of Old Republic International in the second quarter valued at $7,186,000. 70.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler lifted their price target on shares of Old Republic International from $36.00 to $37.00 and gave the stock an "overweight" rating in a research note on Monday, October 21st.

Old Republic International Stock Down 0.4 %

ORI stock traded down $0.15 during midday trading on Thursday, hitting $37.33. 1,094,850 shares of the company's stock were exchanged, compared to its average volume of 1,426,484. The firm has a 50 day moving average price of $35.51 and a 200-day moving average price of $33.32. Old Republic International Co. has a 12-month low of $27.19 and a 12-month high of $37.78. The stock has a market capitalization of $9.47 billion, a price-to-earnings ratio of 12.88 and a beta of 0.84. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.31.

Old Republic International Dividend Announcement

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