Erste Asset Management GmbH Takes $573,000 Position in Old Republic International Co. (NYSE:ORI)

Erste Asset Management GmbH acquired a new stake in 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 fund acquired 16,200 shares of the insurance provider's stock, valued at approximately $573,000.

Several other hedge funds and other institutional investors have also modified their holdings of ORI. Dimensional Fund Advisors LP lifted its position in Old Republic International by 7.6% during 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 in the last quarter. Hamlin Capital Management LLC lifted its position in 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 worth $181,850,000 after acquiring an additional 379,474 shares in the last quarter. Lighthouse Investment Partners LLC acquired a new position in Old Republic International during the 2nd quarter worth approximately $10,641,000. Point72 Asset Management L.P. acquired a new position in Old Republic International during the 2nd quarter worth approximately $7,186,000. Finally, LSV Asset Management increased its holdings in Old Republic International by 14.4% during the 2nd quarter. LSV Asset Management now owns 1,838,307 shares of the insurance provider's stock worth $56,804,000 after purchasing an additional 231,600 shares during the last quarter. 70.92% of the stock is owned by institutional investors and hedge funds.

Old Republic International Stock Performance

Shares of NYSE ORI traded up $0.04 during trading on Thursday, reaching $38.25. The stock had a trading volume of 739,831 shares, compared to its average volume of 1,398,725. The stock has a market cap of $9.70 billion, a PE ratio of 13.17 and a beta of 0.86. The firm's 50 day moving average price is $36.44 and its two-hundred day moving average price is $34.08. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.28 and a current ratio of 0.28. Old Republic International Co. has a one year low of $27.19 and a one year high of $39.27.

Old Republic International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, December 6th will be issued a $0.265 dividend. The ex-dividend date is Friday, December 6th. This represents a $1.06 annualized dividend and a dividend yield of 2.77%. Old Republic International's dividend payout ratio (DPR) is 36.55%.

Wall Street Analyst Weigh In

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

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.