Verition Fund Management LLC purchased a new position in shares of Old Republic International Co. (NYSE:ORI - Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 15,828 shares of the insurance provider's stock, valued at approximately $561,000.
Other hedge funds have also bought and sold shares of the company. RIA Advisory Group LLC purchased a new stake in shares of Old Republic International during the 3rd quarter valued at $835,000. Quest Partners LLC increased its holdings in Old Republic International by 5,024,500.0% during the third quarter. Quest Partners LLC now owns 50,246 shares of the insurance provider's stock worth $1,780,000 after buying an additional 50,245 shares during the last quarter. SG Americas Securities LLC raised its position in Old Republic International by 309.6% in the second quarter. SG Americas Securities LLC now owns 21,695 shares of the insurance provider's stock worth $670,000 after acquiring an additional 16,399 shares during the period. Rothschild Investment LLC purchased a new position in Old Republic International in the second quarter valued at about $1,945,000. Finally, Colonial River Investments LLC bought a new position in shares of Old Republic International during the 3rd quarter valued at approximately $524,000. 70.92% of the stock is currently owned by institutional investors.
Old Republic International Stock Performance
Shares of NYSE ORI traded up $0.42 during trading on Wednesday, reaching $36.40. 1,326,273 shares of the stock traded hands, compared to its average volume of 1,393,969. The company has a 50-day moving average of $36.61 and a 200-day moving average of $34.27. Old Republic International Co. has a 52-week low of $27.19 and a 52-week high of $39.27. The stock has a market capitalization of $9.23 billion, a P/E ratio of 12.55 and a beta of 0.86. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.28 and a quick ratio of 0.28.
Old Republic International Announces Dividend
The firm also recently disclosed 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 annualized dividend and a yield of 2.91%. The ex-dividend date of this dividend is Friday, December 6th. Old Republic International's dividend payout ratio (DPR) is presently 36.55%.
Wall Street Analysts Forecast Growth
Separately, Piper Sandler lifted their price target on shares of Old Republic International from $36.00 to $37.00 and gave the stock an "overweight" rating in a report on Monday, October 21st.
Get Our Latest Stock Report on ORI
About Old Republic International
(
Free Report)
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.
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