Nordea Investment Management AB Purchases 19,119 Shares of Old Republic International Co. (NYSE:ORI)

Nordea Investment Management AB raised its position in shares of Old Republic International Co. (NYSE:ORI - Free Report) by 4.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 467,282 shares of the insurance provider's stock after purchasing an additional 19,119 shares during the period. Nordea Investment Management AB owned 0.18% of Old Republic International worth $16,906,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Dimensional Fund Advisors LP lifted its position in shares of 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 buying an additional 532,251 shares during the last quarter. Hamlin Capital Management LLC lifted its holdings in Old Republic International by 8.0% in the 3rd 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. Raymond James & Associates boosted its position in 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 purchasing an additional 25,610 shares during the period. ProShare Advisors LLC grew its holdings in Old Republic International by 4.4% during 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 last quarter. Finally, Systematic Financial Management LP raised its position in shares of 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 valued at $31,268,000 after purchasing an additional 77,583 shares during the period. Institutional investors own 70.92% of the company's stock.

Old Republic International Stock Performance

NYSE:ORI traded up $0.20 during mid-day trading on Thursday, hitting $34.38. 1,174,823 shares of the company's stock traded hands, compared to its average volume of 1,358,205. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.31. The firm has a 50 day moving average of $36.78 and a two-hundred day moving average of $35.01. The firm has a market capitalization of $8.72 billion, a price-to-earnings ratio of 11.86 and a beta of 0.88. Old Republic International Co. has a 12 month low of $27.19 and a 12 month high of $39.27.

Old Republic International Announces Dividend

The business 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 of this dividend is Friday, January 3rd. Old Republic International's dividend payout ratio (DPR) is currently 36.55%.

Analyst Upgrades and Downgrades

Separately, Piper Sandler lifted 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.