Old Republic International Co. (NYSE:ORI) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. decreased its holdings in Old Republic International Co. (NYSE:ORI - Free Report) by 5.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,975,461 shares of the insurance provider's stock after selling 604,912 shares during the quarter. Victory Capital Management Inc. owned approximately 4.25% of Old Republic International worth $388,751,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. First Heartland Consultants Inc. grew its holdings in Old Republic International by 12.6% in the 3rd quarter. First Heartland Consultants Inc. now owns 13,000 shares of the insurance provider's stock valued at $460,000 after buying an additional 1,458 shares during the period. Versor Investments LP acquired a new stake in Old Republic International during the 3rd quarter worth approximately $2,384,000. Colonial River Investments LLC acquired a new stake in Old Republic International during the 3rd quarter worth approximately $524,000. Axxcess Wealth Management LLC acquired a new stake in Old Republic International in the third quarter valued at approximately $524,000. Finally, Assetmark Inc. grew its position in Old Republic International by 6.2% in the third quarter. Assetmark Inc. now owns 107,314 shares of the insurance provider's stock valued at $3,801,000 after acquiring an additional 6,231 shares in the last quarter. Hedge funds and other institutional investors own 70.92% of the company's stock.

Analyst Upgrades and Downgrades

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 research report on Monday, October 21st.

Old Republic International Stock Up 1.0 %

Shares of Old Republic International stock traded up $0.38 on Tuesday, hitting $37.47. 1,336,998 shares of the company's stock traded hands, compared to its average volume of 1,429,463. The stock has a market cap of $9.50 billion, a P/E ratio of 12.84 and a beta of 0.84. The company has a quick ratio of 0.29, a current ratio of 0.28 and a debt-to-equity ratio of 0.31. The firm's 50-day moving average is $35.45 and its 200 day moving average is $33.24. Old Republic International Co. has a 52-week low of $27.19 and a 52-week high of $37.53.

Old Republic International Announces Dividend

The company also recently disclosed an annual dividend, which was paid on Monday, September 16th. Investors of record on Friday, September 6th were paid a dividend of $1.06 per share. This represents a yield of 3.05%. The ex-dividend date of this dividend was Friday, September 6th. Old Republic International's dividend payout ratio (DPR) 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.