Barclays PLC grew its stake in shares of Old Republic International Co. (NYSE:ORI - Free Report) by 51.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 272,914 shares of the insurance provider's stock after purchasing an additional 92,591 shares during the period. Barclays PLC owned approximately 0.11% of Old Republic International worth $9,665,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently made changes to their positions in ORI. Allworth Financial LP increased its stake in Old Republic International by 161.9% during the 3rd 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. V Square Quantitative Management LLC bought a new stake in shares of Old Republic International during the third quarter worth about $31,000. Innealta Capital LLC bought a new stake in shares of Old Republic International during the second quarter worth about $30,000. FSA Wealth Management LLC acquired a new stake in shares of Old Republic International in the 3rd quarter worth about $41,000. Finally, Huntington National Bank boosted its stake in Old Republic International by 381.0% during the 3rd quarter. Huntington National Bank now owns 1,289 shares of the insurance provider's stock valued at $46,000 after purchasing an additional 1,021 shares during the last quarter. Institutional investors own 70.92% of the company's stock.
Analyst Ratings Changes
Separately, Piper Sandler raised their target price on Old Republic International from $36.00 to $37.00 and gave the company an "overweight" rating in a report on Monday, October 21st.
Read Our Latest Stock Report on ORI
Old Republic International Stock Down 2.2 %
Shares of NYSE ORI traded down $0.80 during trading on Wednesday, hitting $35.63. The stock had a trading volume of 1,411,621 shares, compared to its average volume of 1,392,832. The firm has a fifty day moving average of $36.73 and a two-hundred day moving average of $34.45. The company has a market capitalization of $9.03 billion, a PE ratio of 12.29 and a beta of 0.86. 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 Co. has a 12 month low of $27.19 and a 12 month high of $39.27.
Old Republic International Announces Dividend
The firm also recently announced a special dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, January 3rd will be paid a $2.00 dividend. The ex-dividend date of this dividend is Friday, January 3rd. Old Republic International's payout ratio is presently 36.55%.
About Old Republic International
(
Free Report)
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.
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