JPMorgan Chase & Co. Raises Holdings in Old Republic International Co. (NYSE:ORI)

JPMorgan Chase & Co. grew its holdings in Old Republic International Co. (NYSE:ORI - Free Report) by 5.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 851,492 shares of the insurance provider's stock after acquiring an additional 42,934 shares during the period. JPMorgan Chase & Co. owned about 0.34% of Old Republic International worth $30,160,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Dimensional Fund Advisors LP increased its holdings 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 purchasing an additional 532,251 shares during the period. Hamlin Capital Management LLC grew its position in shares of 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 buying an additional 379,474 shares in the last quarter. Raymond James & Associates increased its stake in shares of Old Republic International by 2.4% during the third quarter. Raymond James & Associates now owns 1,072,899 shares of the insurance provider's stock worth $38,002,000 after buying an additional 25,610 shares during the period. ProShare Advisors LLC raised its holdings 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 valued at $31,930,000 after acquiring an additional 43,458 shares in the last quarter. Finally, Systematic Financial Management LP lifted its stake in Old Republic International by 9.6% in the third quarter. Systematic Financial Management LP now owns 882,782 shares of the insurance provider's stock worth $31,268,000 after acquiring an additional 77,583 shares during the last quarter. Hedge funds and other institutional investors own 70.92% of the company's stock.

Old Republic International Stock Up 0.6 %

NYSE ORI traded up $0.20 during trading on Wednesday, reaching $34.38. 1,174,823 shares of the company's stock were exchanged, compared to its average volume of 1,358,205. The company has a 50 day moving average price of $36.80 and a two-hundred day moving average price of $35.01. The stock has a market cap of $8.72 billion, a P/E ratio of 11.86 and a beta of 0.88. Old Republic International Co. has a 1 year low of $27.19 and a 1 year high of $39.27. 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 Announces Dividend

The firm also recently declared a special dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, January 3rd will be issued a $2.00 dividend. The ex-dividend date of this dividend is Friday, January 3rd. Old Republic International's dividend payout ratio (DPR) is 36.55%.

Analyst Ratings Changes

Separately, Piper Sandler increased 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 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.