Jane Street Group LLC Trims Stock Position in Old Republic International Co. (NYSE:ORI)

Jane Street Group LLC lessened its holdings in Old Republic International Co. (NYSE:ORI - Free Report) by 11.5% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 416,877 shares of the insurance provider's stock after selling 54,105 shares during the period. Jane Street Group LLC owned 0.16% of Old Republic International worth $14,766,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Janus Henderson Group PLC boosted its holdings in shares of Old Republic International by 5.9% during the 3rd quarter. Janus Henderson Group PLC now owns 120,303 shares of the insurance provider's stock valued at $4,262,000 after purchasing an additional 6,664 shares during the last quarter. RIA Advisory Group LLC bought a new position in shares of Old Republic International during the 3rd quarter valued at about $835,000. Quest Partners LLC boosted its holdings in shares of Old Republic International by 5,024,500.0% during the 3rd quarter. Quest Partners LLC now owns 50,246 shares of the insurance provider's stock valued at $1,780,000 after purchasing an additional 50,245 shares during the last quarter. SG Americas Securities LLC boosted its holdings in shares of Old Republic International by 309.6% during the 2nd quarter. SG Americas Securities LLC now owns 21,695 shares of the insurance provider's stock valued at $670,000 after purchasing an additional 16,399 shares during the last quarter. Finally, Rothschild Investment LLC bought a new position in shares of Old Republic International during the 2nd quarter valued at about $1,945,000. Hedge funds and other institutional investors own 70.92% of the company's stock.

Old Republic International Trading Up 1.2 %

Shares of NYSE:ORI traded up $0.42 during trading on Wednesday, reaching $36.40. The company's stock had a trading volume of 1,326,273 shares, compared to its average volume of 1,393,969. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.31. Old Republic International Co. has a 12 month low of $27.19 and a 12 month high of $39.27. The firm's 50 day simple moving average is $36.59 and its two-hundred day simple moving average is $34.26. The stock has a market capitalization of $9.23 billion, a PE ratio of 12.55 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. Investors of record on Friday, December 6th will be issued a $0.265 dividend. This represents a $1.06 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date of this dividend is Friday, December 6th. Old Republic International's payout ratio is 36.55%.

Analyst Ratings Changes

Separately, Piper Sandler increased their price objective 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.

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.