Old Republic International Co. (NYSE:ORI) Holdings Raised by Bank of Montreal Can

Bank of Montreal Can increased its stake in shares of Old Republic International Co. (NYSE:ORI - Free Report) by 36.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 63,083 shares of the insurance provider's stock after buying an additional 16,744 shares during the quarter. Bank of Montreal Can's holdings in Old Republic International were worth $2,232,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in ORI. RIA Advisory Group LLC bought a new position in shares of Old Republic International in the third quarter worth $835,000. Quest Partners LLC grew its stake in shares of Old Republic International by 5,024,500.0% in the third quarter. Quest Partners LLC now owns 50,246 shares of the insurance provider's stock worth $1,780,000 after purchasing an additional 50,245 shares in the last quarter. SG Americas Securities LLC grew 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 in the last quarter. Rothschild Investment LLC bought a new position in shares of Old Republic International in the second quarter worth $1,945,000. Finally, Colonial River Investments LLC bought a new position in shares of Old Republic International in the third quarter worth $524,000. 70.92% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler upped their price objective 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 Price Performance

Shares of Old Republic International stock traded down $0.61 during trading on Friday, hitting $37.63. The stock had a trading volume of 940,546 shares, compared to its average volume of 1,396,783. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.28 and a quick ratio of 0.28. The firm has a market cap of $9.54 billion, a P/E ratio of 12.98 and a beta of 0.86. The business has a fifty day moving average of $36.50 and a two-hundred day moving average of $34.11. Old Republic International Co. has a fifty-two week low of $27.19 and a fifty-two week high of $39.27.

Old Republic International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, December 6th will be issued a dividend of $0.265 per share. This represents a $1.06 annualized dividend and a dividend yield of 2.82%. The ex-dividend date is Friday, December 6th. Old Republic International's dividend payout ratio is 36.55%.

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.