CWA Asset Management Group LLC acquired a new stake in shares of Old Republic International Co. (NYSE:ORI - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 41,431 shares of the insurance provider's stock, valued at approximately $1,499,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of ORI. Janus Henderson Group PLC lifted its position in Old Republic International by 5.9% during the third quarter. Janus Henderson Group PLC now owns 120,303 shares of the insurance provider's stock valued at $4,262,000 after acquiring an additional 6,664 shares during the last quarter. RIA Advisory Group LLC acquired a new position in Old Republic International during the 3rd quarter valued at about $835,000. Quest Partners LLC grew its stake in shares of Old Republic International by 5,024,500.0% during the third quarter. Quest Partners LLC now owns 50,246 shares of the insurance provider's stock worth $1,780,000 after acquiring an additional 50,245 shares during the last quarter. Colonial River Investments LLC acquired a new position in shares of Old Republic International during the third quarter valued at about $524,000. Finally, World Investment Advisors LLC purchased a new position in shares of Old Republic International in the 3rd quarter valued at approximately $531,000. 70.92% of the stock is currently owned by institutional investors.
Old Republic International Stock Performance
NYSE ORI traded up $0.11 during trading hours on Tuesday, reaching $34.17. The stock had a trading volume of 1,100,870 shares, compared to its average volume of 1,404,068. Old Republic International Co. has a 52-week low of $27.19 and a 52-week high of $39.27. The stock has a fifty day moving average of $36.82 and a 200 day moving average of $34.99. 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 stock has a market cap of $8.66 billion, a P/E ratio of 11.78 and a beta of 0.88.
Old Republic International Announces Dividend
The firm also recently announced a special dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, January 3rd will be given a dividend of $2.00 per share. The ex-dividend date is Friday, January 3rd. Old Republic International's dividend payout ratio is presently 36.55%.
Analyst Upgrades and Downgrades
Separately, Piper Sandler raised their price target on shares of Old Republic International from $36.00 to $37.00 and gave the stock an "overweight" rating in a report on Monday, October 21st.
View Our Latest Analysis on Old Republic International
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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