Caisse DE Depot ET Placement DU Quebec Acquires New Shares in Old Republic International Co. (NYSE:ORI)

Caisse DE Depot ET Placement DU Quebec bought a new stake in shares of Old Republic International Co. (NYSE:ORI - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 76,997 shares of the insurance provider's stock, valued at approximately $2,727,000.

Other large investors have also recently added to or reduced their stakes in the company. Financial Counselors Inc. raised its position in shares of Old Republic International by 3.8% during the second quarter. Financial Counselors Inc. now owns 9,270 shares of the insurance provider's stock worth $286,000 after purchasing an additional 340 shares during the period. CIBC Asset Management Inc increased its stake in Old Republic International by 4.9% in the 2nd quarter. CIBC Asset Management Inc now owns 7,902 shares of the insurance provider's stock worth $244,000 after purchasing an additional 371 shares in the last quarter. Raymond James Trust N.A. raised its holdings in Old Republic International by 1.8% during the 3rd quarter. Raymond James Trust N.A. now owns 24,816 shares of the insurance provider's stock worth $879,000 after buying an additional 429 shares during the period. Brown Brothers Harriman & Co. lifted its stake in Old Republic International by 8.9% during the second quarter. Brown Brothers Harriman & Co. now owns 5,235 shares of the insurance provider's stock valued at $162,000 after buying an additional 430 shares in the last quarter. Finally, Allworth Financial LP boosted its holdings in shares of Old Republic International by 161.9% in the third quarter. Allworth Financial LP now owns 728 shares of the insurance provider's stock worth $26,000 after buying an additional 450 shares during the period. 70.92% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Piper Sandler boosted their price target 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 Stock Down 0.4 %

Shares of ORI stock traded down $0.13 on Tuesday, reaching $38.44. 888,430 shares of the company's stock traded hands, compared to its average volume of 1,404,194. The company has a market capitalization of $9.75 billion, a P/E ratio of 13.25 and a beta of 0.86. Old Republic International Co. has a 12-month low of $27.19 and a 12-month high of $39.27. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.28 and a current ratio of 0.28. The business's 50 day moving average price is $36.39 and its two-hundred day moving average price is $34.05.

Old Republic International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, December 6th will be given a $0.265 dividend. This represents a $1.06 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date is Friday, December 6th. Old Republic International's dividend payout ratio (DPR) is 36.55%.

Old Republic International 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.