Old Republic International Co. (NYSE:ORI) Shares Purchased by Bridgewater Associates LP

Bridgewater Associates LP raised its position in Old Republic International Co. (NYSE:ORI - Free Report) by 103.7% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 162,591 shares of the insurance provider's stock after acquiring an additional 82,772 shares during the period. Bridgewater Associates LP owned approximately 0.06% of Old Republic International worth $5,759,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its stake in shares of Old Republic International by 7.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 7,542,836 shares of the insurance provider's stock worth $233,073,000 after acquiring an additional 532,251 shares during the period. Hamlin Capital Management LLC lifted its stake in shares of Old Republic International by 8.0% in 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. LSV Asset Management lifted its stake in shares of Old Republic International by 14.4% in the second quarter. LSV Asset Management now owns 1,838,307 shares of the insurance provider's stock valued at $56,804,000 after purchasing an additional 231,600 shares during the period. Raymond James & Associates lifted its stake in shares of Old Republic International by 2.4% in the third quarter. Raymond James & Associates now owns 1,072,899 shares of the insurance provider's stock valued at $38,002,000 after purchasing an additional 25,610 shares during the period. Finally, ProShare Advisors LLC lifted its stake in shares of Old Republic International by 4.4% in the second quarter. ProShare Advisors LLC now owns 1,033,320 shares of the insurance provider's stock valued at $31,930,000 after purchasing an additional 43,458 shares during the period. Institutional investors and hedge funds own 70.92% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler raised their target price on shares of 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 Trading Down 0.0 %

Shares of NYSE ORI traded down $0.01 during midday trading on Friday, reaching $38.97. 569,812 shares of the stock were exchanged, compared to its average volume of 1,409,455. Old Republic International Co. has a 52-week low of $27.19 and a 52-week high of $39.27. The stock has a 50 day moving average price of $36.26 and a 200-day moving average price of $33.93. The company has a market capitalization of $9.88 billion, a P/E ratio of 13.44 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 Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, December 6th will be issued a $0.265 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $1.06 dividend on an annualized basis and a yield of 2.72%. Old Republic International's payout ratio is 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.