Connor Clark & Lunn Investment Management Ltd. Invests $2.71 Million in Old Republic International Co. (NYSE:ORI)

Connor Clark & Lunn Investment Management Ltd. bought a new position in Old Republic International Co. (NYSE:ORI - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 76,374 shares of the insurance provider's stock, valued at approximately $2,705,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Dimensional Fund Advisors LP increased its stake in shares of Old Republic International by 7.6% in the second 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 last quarter. Hamlin Capital Management LLC lifted its holdings in shares of Old Republic International by 8.0% during the 3rd quarter. Hamlin Capital Management LLC now owns 5,134,096 shares of the insurance provider's stock valued at $181,850,000 after buying an additional 379,474 shares during the last quarter. LSV Asset Management raised its position in Old Republic International by 14.4% during the second quarter. LSV Asset Management now owns 1,838,307 shares of the insurance provider's stock valued at $56,804,000 after acquiring an additional 231,600 shares in the last quarter. Raymond James & Associates lifted its stake in 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 acquiring an additional 25,610 shares during the last quarter. Finally, ProShare Advisors LLC grew its position in 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 worth $31,930,000 after acquiring an additional 43,458 shares in the last quarter. Hedge funds and other institutional investors own 70.92% of the company's stock.

Analyst Upgrades and Downgrades

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

Old Republic International Stock Performance

ORI traded up $0.19 during trading on Monday, reaching $38.79. 1,933,113 shares of the company's stock were exchanged, compared to its average volume of 1,418,781. The company has a market capitalization of $9.84 billion, a P/E ratio of 13.43 and a beta of 0.84. The business has a 50 day moving average price of $35.92 and a 200 day moving average price of $33.70. Old Republic International Co. has a fifty-two week low of $27.19 and a fifty-two week high of $39.09. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.31.

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.