World Investment Advisors LLC purchased a new stake in shares of Old Republic International Co. (NYSE:ORI - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 14,995 shares of the insurance provider's stock, valued at approximately $531,000.
Several other hedge funds also recently made changes to their positions in ORI. Envestnet Portfolio Solutions Inc. bought a new stake in shares of Old Republic International during the second quarter valued at approximately $241,000. Assenagon Asset Management S.A. bought a new position in Old Republic International in the 2nd quarter valued at approximately $802,000. Blue Trust Inc. lifted its position in Old Republic International by 218.3% in the 2nd quarter. Blue Trust Inc. now owns 3,463 shares of the insurance provider's stock valued at $106,000 after acquiring an additional 2,375 shares in the last quarter. Raymond James & Associates lifted its position in Old Republic International by 1.8% in the 2nd quarter. Raymond James & Associates now owns 1,047,289 shares of the insurance provider's stock valued at $32,361,000 after acquiring an additional 18,825 shares in the last quarter. Finally, First Citizens Bank & Trust Co. bought a new position in Old Republic International in the 2nd quarter valued at approximately $208,000. 70.92% of the stock is currently owned by institutional investors.
Old Republic International Stock Performance
ORI traded down $0.80 during mid-day trading on Wednesday, reaching $35.63. 1,411,621 shares of the company traded hands, compared to its average volume of 1,392,832. The stock has a market capitalization of $9.03 billion, a P/E ratio of 12.29 and a beta of 0.86. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.31. The company's fifty day moving average price is $36.73 and its 200-day moving average price is $34.45. Old Republic International Co. has a 52-week low of $27.19 and a 52-week high of $39.27.
Old Republic International Announces Dividend
The business also recently announced a special dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, January 3rd will be paid a dividend of $2.00 per share. The ex-dividend date of this dividend is Friday, January 3rd. Old Republic International's dividend payout ratio is presently 36.55%.
Analyst Ratings Changes
Separately, Piper Sandler boosted their target price on shares of Old Republic International from $36.00 to $37.00 and gave the company an "overweight" rating in a research note on Monday, October 21st.
View Our Latest Stock Analysis on Old Republic International
Old Republic International Company Profile
(
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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