Colonial River Investments LLC Takes $524,000 Position in Old Republic International Co. (NYSE:ORI)

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

Several other hedge funds also recently modified their holdings of ORI. Allworth Financial LP boosted its stake in shares of Old Republic International by 161.9% during the 3rd quarter. Allworth Financial LP now owns 728 shares of the insurance provider's stock worth $26,000 after purchasing an additional 450 shares during the last quarter. Versant Capital Management Inc boosted its stake in shares of Old Republic International by 555.6% during the 2nd quarter. Versant Capital Management Inc now owns 885 shares of the insurance provider's stock worth $27,000 after purchasing an additional 750 shares during the last quarter. Mather Group LLC. boosted its position in shares of Old Republic International by 201.0% in the second quarter. Mather Group LLC. now owns 894 shares of the insurance provider's stock worth $27,000 after acquiring an additional 597 shares during the last quarter. Innealta Capital LLC acquired a new stake in shares of Old Republic International in the second quarter worth approximately $30,000. Finally, V Square Quantitative Management LLC acquired a new stake in shares of Old Republic International in the third quarter worth approximately $31,000. 70.92% of the stock is owned by institutional investors and hedge funds.

Old Republic International Trading Up 1.4 %

Shares of ORI traded up $0.50 during mid-day trading on Friday, hitting $36.83. The company had a trading volume of 1,200,720 shares, compared to its average volume of 1,047,351. The business's 50-day simple moving average is $35.42 and its 200-day simple moving average is $33.19. The company has a quick ratio of 0.29, a current ratio of 0.28 and a debt-to-equity ratio of 0.31. Old Republic International Co. has a 1-year low of $27.19 and a 1-year high of $37.16. The stock has a market cap of $9.34 billion, a PE ratio of 12.70 and a beta of 0.84.

Old Republic International Dividend Announcement

The firm 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 was Friday, September 6th. This represents a yield of 3.05%. Old Republic International's payout ratio is 36.55%.

Wall Street Analyst Weigh In

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

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.