The Manufacturers Life Insurance Company Cuts Stake in Old Republic International Co. (NYSE:ORI)

The Manufacturers Life Insurance Company decreased its position in shares of Old Republic International Co. (NYSE:ORI - Free Report) by 9.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 198,505 shares of the insurance provider's stock after selling 19,906 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.08% of Old Republic International worth $7,031,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of ORI. Allworth Financial LP grew its position in shares of Old Republic International by 161.9% during the 3rd 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 period. Mather Group LLC. grew its position 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 buying an additional 597 shares during the period. Innealta Capital LLC acquired a new stake in Old Republic International in the 2nd quarter valued at $30,000. V Square Quantitative Management LLC acquired a new stake in Old Republic International in the 3rd quarter valued at $31,000. Finally, Huntington National Bank grew its position in Old Republic International by 381.0% in the 3rd quarter. Huntington National Bank now owns 1,289 shares of the insurance provider's stock valued at $46,000 after purchasing an additional 1,021 shares during the period. Institutional investors and hedge funds own 70.92% of the company's stock.

Old Republic International Stock Up 0.1 %

NYSE ORI traded up $0.04 during mid-day trading on Thursday, hitting $38.25. The company's stock had a trading volume of 739,831 shares, compared to its average volume of 1,398,725. The company's 50 day simple moving average is $36.50 and its 200 day simple moving average is $34.11. Old Republic International Co. has a twelve month low of $27.19 and a twelve 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 firm has a market capitalization of $9.70 billion, a price-to-earnings ratio of 13.19 and a beta of 0.86.

Old Republic International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, December 6th will be paid a $0.265 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $1.06 annualized dividend and a dividend yield of 2.77%. Old Republic International's payout ratio is 36.55%.

Analyst Ratings Changes

Separately, Piper Sandler lifted their price target on shares of Old Republic International from $36.00 to $37.00 and gave the company an "overweight" rating in a research 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.