Neo Ivy Capital Management Purchases New Holdings in Old Republic International Co. (NYSE:ORI)

Neo Ivy Capital Management acquired a new position in shares of Old Republic International Co. (NYSE:ORI - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 21,770 shares of the insurance provider's stock, valued at approximately $772,000.

Other hedge funds also recently modified their holdings of the company. CWM LLC raised its holdings in shares of Old Republic International by 67.5% during the second quarter. CWM LLC now owns 5,961 shares of the insurance provider's stock valued at $184,000 after purchasing an additional 2,403 shares during the period. QRG Capital Management Inc. grew its stake in Old Republic International by 8.8% in the second quarter. QRG Capital Management Inc. now owns 10,587 shares of the insurance provider's stock valued at $327,000 after acquiring an additional 852 shares during the period. SG Americas Securities LLC increased its holdings in shares of Old Republic International by 309.6% during the second quarter. SG Americas Securities LLC now owns 21,695 shares of the insurance provider's stock valued at $670,000 after acquiring an additional 16,399 shares in the last quarter. Envestnet Portfolio Solutions Inc. bought a new position in shares of Old Republic International in the 2nd quarter worth $241,000. Finally, Assenagon Asset Management S.A. acquired a new stake in Old Republic International in the 2nd quarter valued at $802,000. Institutional investors own 70.92% of the company's stock.

Analyst Ratings Changes

Separately, Piper Sandler raised 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 Down 0.6 %

Shares of NYSE:ORI traded down $0.21 during mid-day trading on Thursday, hitting $36.20. 667,239 shares of the company traded hands, compared to its average volume of 1,390,941. The stock has a market cap of $9.18 billion, a P/E ratio of 12.48 and a beta of 0.86. The stock has a 50-day moving average price of $36.63 and a two-hundred day moving average price of $34.29. Old Republic International Co. has a 12-month low of $27.19 and a 12-month high of $39.27. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.31.

Old Republic International Dividend Announcement

The company also recently announced 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 of this dividend is Friday, December 6th. This represents a $1.06 annualized dividend and a dividend yield of 2.93%. Old Republic International's dividend payout ratio is currently 36.55%.

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.