Old Republic International Co. (NYSE:ORI) Shares Bought by Allworth Financial LP

Allworth Financial LP grew its position in shares of Old Republic International Co. (NYSE:ORI) by 161.9% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 728 shares of the insurance provider’s stock after purchasing an additional 450 shares during the period. Allworth Financial LP’s holdings in Old Republic International were worth $26,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in ORI. Vanguard Group Inc. raised its stake in shares of Old Republic International by 6.3% in the first quarter. Vanguard Group Inc. now owns 28,156,630 shares of the insurance provider’s stock valued at $864,972,000 after acquiring an additional 1,661,147 shares in the last quarter. Dimensional Fund Advisors LP raised its stake 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 acquiring an additional 532,251 shares in the last quarter. Lighthouse Investment Partners LLC acquired a new stake in shares of Old Republic International in the second quarter valued at $10,641,000. Point72 Asset Management L.P. acquired a new stake in shares of Old Republic International in the second quarter valued at $7,186,000. Finally, LSV Asset Management raised its stake in shares of Old Republic International by 14.4% in the second quarter. LSV Asset Management now owns 1,838,307 shares of the insurance provider’s stock valued at $56,804,000 after acquiring an additional 231,600 shares in the last quarter. 70.92% of the stock is currently owned by institutional investors and hedge funds.

Old Republic International Stock Down 1.2 %

Old Republic International stock opened at $34.52 on Friday. Old Republic International Co. has a 1-year low of $27.19 and a 1-year high of $36.50. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.64 and a quick ratio of 0.29. The stock has a market cap of $8.92 billion, a PE ratio of 11.90 and a beta of 0.84. The stock’s fifty day moving average is $35.39 and its two-hundred day moving average is $32.88.

Old Republic International Dividend Announcement

The firm also recently declared an annual dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, September 6th were paid a $1.06 dividend. This represents a yield of 3.05%. The ex-dividend date was Friday, September 6th. Old Republic International’s dividend payout ratio is presently 36.55%.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler increased their price objective on Old Republic International from $36.00 to $37.00 and gave the company an “overweight” rating in a research note on Monday, October 21st.

Old Republic International 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.