XTX Topco Ltd Purchases 21,463 Shares of Old Republic International Co. (NYSE:ORI)

XTX Topco Ltd grew its stake in Old Republic International Co. (NYSE:ORI - Free Report) by 216.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 31,399 shares of the insurance provider's stock after acquiring an additional 21,463 shares during the quarter. XTX Topco Ltd's holdings in Old Republic International were worth $1,112,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in ORI. Dimensional Fund Advisors LP boosted 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 acquiring an additional 532,251 shares in the last quarter. Hamlin Capital Management LLC boosted its holdings in Old Republic International by 8.0% in the third quarter. Hamlin Capital Management LLC now owns 5,134,096 shares of the insurance provider's stock worth $181,850,000 after acquiring an additional 379,474 shares in the last quarter. Point72 Asset Management L.P. boosted its holdings in Old Republic International by 162.4% in the third quarter. Point72 Asset Management L.P. now owns 610,150 shares of the insurance provider's stock worth $21,612,000 after acquiring an additional 377,605 shares in the last quarter. Lighthouse Investment Partners LLC bought a new stake in Old Republic International in the second quarter worth $10,641,000. Finally, LSV Asset Management boosted its holdings 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 worth $56,804,000 after acquiring an additional 231,600 shares in the last quarter. 70.92% of the stock is owned by institutional investors.

Old Republic International Stock Performance

Shares of NYSE:ORI traded down $1.15 during midday trading on Tuesday, reaching $35.98. 1,158,504 shares of the company's stock traded hands, compared to its average volume of 1,394,254. The company has a market cap of $9.12 billion, a price-to-earnings ratio of 12.41 and a beta of 0.86. 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 Co. has a one year low of $27.19 and a one year high of $39.27. The stock has a 50 day moving average of $36.59 and a 200 day moving average of $34.26.

Old Republic International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, December 6th will be issued a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a dividend yield of 2.95%. The ex-dividend date of this dividend is Friday, December 6th. Old Republic International's payout ratio is currently 36.55%.

Analyst Ratings Changes

Separately, Piper Sandler upped their price target on Old Republic International from $36.00 to $37.00 and gave the company an "overweight" rating in a report on Monday, October 21st.

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.