29,385 Shares in Old Republic International Co. (NYSE:ORI) Bought by Point72 DIFC Ltd

Point72 DIFC Ltd purchased a new stake in shares of Old Republic International Co. (NYSE:ORI - Free Report) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 29,385 shares of the insurance provider's stock, valued at approximately $1,041,000.

Other hedge funds also recently modified their holdings of the company. Allworth Financial LP lifted its stake in Old Republic International by 161.9% during the third quarter. Allworth Financial LP now owns 728 shares of the insurance provider's stock valued at $26,000 after purchasing an additional 450 shares during the last quarter. V Square Quantitative Management LLC acquired a new stake in shares of Old Republic International during the 3rd quarter valued at $31,000. Mather Group LLC. grew its holdings in shares of Old Republic International by 201.0% in the 2nd quarter. Mather Group LLC. now owns 894 shares of the insurance provider's stock worth $27,000 after acquiring an additional 597 shares during the last quarter. Innealta Capital LLC purchased a new stake in Old Republic International during the second quarter valued at about $30,000. Finally, FSA Wealth Management LLC acquired a new position in shares of Old Republic International in the third quarter worth about $41,000. 70.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler upped 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 Stock Down 0.9 %

NYSE:ORI traded down $0.34 during trading hours on Friday, hitting $37.63. 940,546 shares of the company's stock traded hands, compared to its average volume of 1,396,783. The stock's fifty day moving average price is $36.54 and its two-hundred day moving average price is $34.15. The firm has a market cap of $9.54 billion, a P/E ratio of 12.98 and a beta of 0.86. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.28 and a current ratio of 0.28. Old Republic International Co. has a twelve month low of $27.19 and a twelve month high of $39.27.

Old Republic International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, December 6th will be given a $0.265 dividend. This represents a $1.06 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date is Friday, December 6th. Old Republic International's dividend payout ratio (DPR) 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.