16,200 Shares in Old Republic International Co. (NYSE:ORI) Acquired by Paloma Partners Management Co

Paloma Partners Management Co acquired a new position in shares of Old Republic International Co. (NYSE:ORI - Free Report) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 16,200 shares of the insurance provider's stock, valued at approximately $574,000.

Several other institutional investors have also modified their holdings of ORI. Dimensional Fund Advisors LP raised its holdings in shares of Old Republic International by 7.6% in the second quarter. Dimensional Fund Advisors LP now owns 7,542,836 shares of the insurance provider's stock valued at $233,073,000 after buying an additional 532,251 shares during the last quarter. Hamlin Capital Management LLC increased its stake in shares of Old Republic International by 8.0% during the third quarter. Hamlin Capital Management LLC now owns 5,134,096 shares of the insurance provider's stock worth $181,850,000 after acquiring an additional 379,474 shares during the period. Lighthouse Investment Partners LLC acquired a new position in shares of Old Republic International during the second quarter worth about $10,641,000. Point72 Asset Management L.P. acquired a new position in shares of Old Republic International during the second quarter worth about $7,186,000. Finally, LSV Asset Management grew its position in Old Republic International by 14.4% during the second quarter. LSV Asset Management now owns 1,838,307 shares of the insurance provider's stock worth $56,804,000 after buying an additional 231,600 shares during the period. 70.92% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler increased 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.

Old Republic International Trading Down 0.6 %

NYSE:ORI traded down $0.23 during trading hours on Wednesday, reaching $38.20. 783,471 shares of the company were exchanged, compared to its average volume of 1,401,541. 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 firm has a market cap of $9.69 billion, a price-to-earnings ratio of 13.17 and a beta of 0.86. Old Republic International Co. has a 52-week low of $27.19 and a 52-week high of $39.27. The stock has a 50 day simple moving average of $36.44 and a 200 day simple moving average of $34.08.

Old Republic International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, December 6th will be issued a dividend of $0.265 per share. 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%.

Old Republic International Company 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.