Old Republic International Co. (NYSE:ORI) Stock Position Trimmed by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. reduced its stake in shares of Old Republic International Co. (NYSE:ORI - Free Report) by 4.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,711,897 shares of the insurance provider's stock after selling 81,041 shares during the period. Charles Schwab Investment Management Inc. owned about 0.68% of Old Republic International worth $60,635,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD lifted its position in shares of Old Republic International by 2.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 216,230 shares of the insurance provider's stock worth $6,644,000 after buying an additional 5,976 shares during the last quarter. Comerica Bank lifted its position in shares of Old Republic International by 12.5% in the 1st quarter. Comerica Bank now owns 160,211 shares of the insurance provider's stock worth $4,922,000 after buying an additional 17,831 shares during the last quarter. Cetera Investment Advisers lifted its position in shares of Old Republic International by 42.9% in the 1st quarter. Cetera Investment Advisers now owns 101,821 shares of the insurance provider's stock worth $3,128,000 after buying an additional 30,568 shares during the last quarter. Cetera Advisors LLC lifted its position in shares of Old Republic International by 8.7% in the 1st quarter. Cetera Advisors LLC now owns 17,232 shares of the insurance provider's stock worth $529,000 after buying an additional 1,375 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its position in shares of Old Republic International by 2.7% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 78,568 shares of the insurance provider's stock worth $2,384,000 after buying an additional 2,069 shares during the last quarter. 70.92% of the stock is owned by institutional investors and hedge funds.

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 stock an "overweight" rating in a research report on Monday, October 21st.

Old Republic International Stock Performance

Old Republic International stock opened at $38.98 on Friday. The company has a market cap of $9.88 billion, a P/E ratio of 13.44 and a beta of 0.84. The firm's 50-day moving average is $36.26 and its 200-day moving average is $33.93. Old Republic International Co. has a 1 year low of $27.19 and a 1 year high of $39.27. 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 disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors 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 yield of 2.72%. Old Republic International's dividend payout ratio is presently 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.