Fmr LLC Sells 72,405 Shares of Old Republic International Co. (NYSE:ORI)

FMR LLC decreased its stake in Old Republic International Co. (NYSE:ORI - Free Report) by 1.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,383,626 shares of the insurance provider's stock after selling 72,405 shares during the period. FMR LLC owned about 2.52% of Old Republic International worth $226,108,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its holdings in 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 purchasing an additional 532,251 shares during the period. Hamlin Capital Management LLC boosted its holdings in Old Republic International by 8.0% during the third quarter. Hamlin Capital Management LLC now owns 5,134,096 shares of the insurance provider's stock worth $181,850,000 after purchasing an additional 379,474 shares during the last quarter. LSV Asset Management boosted its stake in Old Republic International by 14.4% in 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 during the last quarter. Raymond James & Associates boosted 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 raised its position in shares of 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 valued at $31,930,000 after purchasing an additional 43,458 shares during the period. Institutional investors own 70.92% of the company's stock.

Old Republic International Trading Down 0.6 %

ORI traded down $0.23 during trading on Tuesday, hitting $38.34. 366,649 shares of the stock traded hands, compared to its average volume of 1,401,920. The firm has a 50-day moving average of $36.32 and a 200 day moving average of $34.01. 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 current ratio of 0.28 and a quick ratio of 0.28. The firm has a market capitalization of $9.72 billion, a P/E ratio of 13.20 and a beta of 0.86.

Old Republic International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, December 6th will be paid a dividend of $0.265 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $1.06 dividend on an annualized basis and a yield of 2.76%. Old Republic International's dividend payout ratio is currently 36.55%.

Wall Street Analyst Weigh In

Separately, Piper Sandler upped their target price 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.

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.