BNP Paribas Financial Markets grew its holdings in shares of Old Republic International Co. (NYSE:ORI - Free Report) by 138.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 40,403 shares of the insurance provider's stock after buying an additional 23,471 shares during the period. BNP Paribas Financial Markets' holdings in Old Republic International were worth $1,431,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently modified their holdings of ORI. Financial Counselors Inc. raised its holdings in shares of Old Republic International by 3.8% in the 2nd quarter. Financial Counselors Inc. now owns 9,270 shares of the insurance provider's stock worth $286,000 after purchasing an additional 340 shares in the last quarter. CIBC Asset Management Inc lifted its position in Old Republic International by 4.9% in the 2nd quarter. CIBC Asset Management Inc now owns 7,902 shares of the insurance provider's stock worth $244,000 after buying an additional 371 shares in the last quarter. Raymond James Trust N.A. increased its stake in shares of Old Republic International by 1.8% in the third quarter. Raymond James Trust N.A. now owns 24,816 shares of the insurance provider's stock worth $879,000 after acquiring an additional 429 shares during the last quarter. Brown Brothers Harriman & Co. grew its stake in Old Republic International by 8.9% in the second quarter. Brown Brothers Harriman & Co. now owns 5,235 shares of the insurance provider's stock valued at $162,000 after purchasing an additional 430 shares in the last quarter. Finally, Allworth Financial LP increased its holdings in Old Republic International by 161.9% in the third quarter. Allworth Financial LP now owns 728 shares of the insurance provider's stock worth $26,000 after buying an additional 450 shares during the last quarter. Institutional investors own 70.92% of the company's stock.
Wall Street Analyst Weigh In
Separately, Piper Sandler raised their price target on shares of Old Republic International from $36.00 to $37.00 and gave the company an "overweight" rating in a report on Monday, October 21st.
View Our Latest Analysis on Old Republic International
Old Republic International Stock Performance
Old Republic International stock traded down $0.50 during trading hours on Monday, reaching $37.13. 1,033,141 shares of the company were exchanged, compared to its average volume of 1,395,249. 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. The stock has a 50-day moving average of $36.58 and a 200 day moving average of $34.23. The firm has a market cap of $9.41 billion, a price-to-earnings ratio of 12.80 and a beta of 0.86.
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 given a $0.265 dividend. This represents a $1.06 annualized dividend and a dividend yield of 2.85%. The ex-dividend date of this dividend is Friday, December 6th. Old Republic International's dividend payout ratio is currently 36.55%.
Old Republic International Profile
(
Free Report)
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.
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