International Assets Investment Management LLC Buys 72,714 Shares of Old Republic International Co. (NYSE:ORI)

International Assets Investment Management LLC raised its holdings in shares of Old Republic International Co. (NYSE:ORI - Free Report) by 1,268.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 78,448 shares of the insurance provider's stock after buying an additional 72,714 shares during the period. International Assets Investment Management LLC's holdings in Old Republic International were worth $2,779,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Versant Capital Management Inc raised its holdings in Old Republic International by 555.6% during the 2nd quarter. Versant Capital Management Inc now owns 885 shares of the insurance provider's stock valued at $27,000 after buying an additional 750 shares during the last quarter. Mather Group LLC. boosted its holdings in shares of Old Republic International by 201.0% during the second quarter. Mather Group LLC. now owns 894 shares of the insurance provider's stock worth $27,000 after purchasing an additional 597 shares during the period. Innealta Capital LLC bought a new stake in shares of Old Republic International in the second quarter worth about $30,000. V Square Quantitative Management LLC purchased a new position in Old Republic International during the 3rd quarter valued at about $31,000. Finally, Covestor Ltd raised its position in Old Republic International by 23.0% during the 1st quarter. Covestor Ltd now owns 1,937 shares of the insurance provider's stock valued at $59,000 after purchasing an additional 362 shares during the last quarter. 70.92% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler boosted their target price on 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 Trading Down 1.2 %

Shares of ORI traded down $0.43 during trading hours on Friday, reaching $34.50. 775,150 shares of the company traded hands, compared to its average volume of 990,352. Old Republic International Co. has a 12 month low of $27.19 and a 12 month high of $36.50. The company has a quick ratio of 0.29, a current ratio of 0.64 and a debt-to-equity ratio of 0.31. The company's fifty day moving average price is $35.37 and its two-hundred day moving average price is $32.98. The company has a market capitalization of $8.92 billion, a price-to-earnings ratio of 11.90 and a beta of 0.84.

Old Republic International Dividend Announcement

The company also recently disclosed an annual dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, September 6th were given a dividend of $1.06 per share. The ex-dividend date was Friday, September 6th. This represents a yield of 3.05%. Old Republic International's payout ratio is 36.55%.

About Old Republic International

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.