Systematic Financial Management LP Buys 77,583 Shares of Old Republic International Co. (NYSE:ORI)

Systematic Financial Management LP raised its position in shares of Old Republic International Co. (NYSE:ORI - Free Report) by 9.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 882,782 shares of the insurance provider's stock after acquiring an additional 77,583 shares during the period. Systematic Financial Management LP owned approximately 0.35% of Old Republic International worth $31,268,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in ORI. Allworth Financial LP grew its holdings in Old Republic International by 161.9% in the 3rd quarter. Allworth Financial LP now owns 728 shares of the insurance provider's stock valued at $26,000 after buying an additional 450 shares during the last quarter. V Square Quantitative Management LLC bought a new stake in Old Republic International in the 3rd quarter valued at $31,000. Mather Group LLC. increased its holdings in shares of Old Republic International by 201.0% during the 2nd 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 valued at about $30,000. Finally, FSA Wealth Management LLC acquired a new stake in Old Republic International during the third quarter worth about $41,000. 70.92% of the stock is owned by institutional investors and hedge funds.

Old Republic International Price Performance

NYSE ORI traded up $0.10 during trading on Thursday, reaching $38.30. 511,402 shares of the company traded hands, compared to its average volume of 1,397,060. Old Republic International Co. has a 1-year low of $27.19 and a 1-year high of $39.27. The company has a market cap of $9.71 billion, a price-to-earnings ratio of 13.17 and a beta of 0.86. The stock's 50 day moving average price is $36.44 and its two-hundred day moving average price is $34.08. 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 declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, December 6th will be issued a dividend of $0.265 per share. This represents a $1.06 annualized dividend and a yield of 2.77%. The ex-dividend date is Friday, December 6th. Old Republic International's dividend payout ratio is currently 36.55%.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler boosted their price objective 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.

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.