Old Republic International Co. (NYSE:ORI) Holdings Lowered by Geode Capital Management LLC

Geode Capital Management LLC lessened its stake in Old Republic International Co. (NYSE:ORI - Free Report) by 3.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,033,313 shares of the insurance provider's stock after selling 149,051 shares during the period. Geode Capital Management LLC owned about 1.59% of Old Republic International worth $142,898,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its position in shares of Old Republic International by 7.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 7,542,836 shares of the insurance provider's stock worth $233,073,000 after purchasing an additional 532,251 shares during the last quarter. Hamlin Capital Management LLC increased 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 valued at $181,850,000 after buying an additional 379,474 shares during the last quarter. Point72 Asset Management L.P. raised its stake in Old Republic International by 162.4% during the third quarter. Point72 Asset Management L.P. now owns 610,150 shares of the insurance provider's stock valued at $21,612,000 after buying an additional 377,605 shares in the last quarter. Lighthouse Investment Partners LLC acquired a new position in shares of Old Republic International in the 2nd quarter worth approximately $10,641,000. Finally, LSV Asset Management increased its holdings in shares of Old Republic International by 14.4% in the 2nd quarter. LSV Asset Management now owns 1,838,307 shares of the insurance provider's stock valued at $56,804,000 after acquiring an additional 231,600 shares during the last quarter. 70.92% of the stock is owned by institutional investors and hedge funds.

Old Republic International Stock Performance

Shares of NYSE:ORI traded down $1.07 during trading on Tuesday, reaching $36.43. 1,478,973 shares of the company's stock traded hands, compared to its average volume of 1,392,755. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.28 and a quick ratio of 0.28. The company has a 50 day moving average of $36.70 and a 200-day moving average of $34.41. Old Republic International Co. has a 12 month low of $27.19 and a 12 month high of $39.27. The stock has a market capitalization of $9.24 billion, a P/E ratio of 12.68 and a beta of 0.86.

Old Republic International Announces Dividend

The company also recently declared a special dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, January 3rd will be given a dividend of $2.00 per share. The ex-dividend date is Friday, January 3rd. Old Republic International's dividend payout ratio is currently 36.55%.

Wall Street Analyst Weigh In

Separately, Piper Sandler raised their price objective on Old Republic International from $36.00 to $37.00 and gave the stock an "overweight" rating in a research note on Monday, October 21st.

Old Republic International 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.