Old Republic International Co. (NYSE:ORI) Shares Acquired by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. lifted its stake in Old Republic International Co. (NYSE:ORI - Free Report) by 17.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 118,681 shares of the insurance provider's stock after buying an additional 17,525 shares during the quarter. Jacobs Levy Equity Management Inc.'s holdings in Old Republic International were worth $4,204,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ORI. Dimensional Fund Advisors LP raised 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 acquiring an additional 532,251 shares during the period. Hamlin Capital Management LLC raised 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 period. Lighthouse Investment Partners LLC purchased a new position in Old Republic International during the second quarter worth approximately $10,641,000. Point72 Asset Management L.P. acquired a new stake in Old Republic International in the second quarter valued at approximately $7,186,000. Finally, LSV Asset Management increased its position in shares of 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 valued at $56,804,000 after buying an additional 231,600 shares in the last quarter. 70.92% of the stock is owned by institutional investors and hedge funds.

Old Republic International Price Performance

Shares of ORI stock traded down $0.34 on Friday, reaching $37.63. 940,566 shares of the company were exchanged, compared to its average volume of 974,285. The company has a market cap of $9.54 billion, a price-to-earnings ratio of 12.98 and a beta of 0.86. Old Republic International Co. has a 1 year low of $27.19 and a 1 year high of $39.27. The business has a 50-day moving average price of $36.54 and a 200 day moving average price of $34.15. 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 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 given a $0.265 dividend. The ex-dividend date is Friday, December 6th. This represents a $1.06 annualized dividend and a dividend yield of 2.82%. Old Republic International's dividend payout ratio (DPR) is presently 36.55%.

Analysts Set New Price Targets

Separately, Piper Sandler increased their target price on Old Republic International from $36.00 to $37.00 and gave the company an "overweight" rating in a research 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.