Axxcess Wealth Management LLC Takes $524,000 Position in Old Republic International Co. (NYSE:ORI)

Axxcess Wealth Management LLC acquired a new stake in shares of Old Republic International Co. (NYSE:ORI) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 14,801 shares of the insurance provider’s stock, valued at approximately $524,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Allworth Financial LP raised its position in shares of 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 buying an additional 450 shares during the last quarter. V Square Quantitative Management LLC bought a new stake in shares of Old Republic International during the third quarter worth $31,000. Versant Capital Management Inc raised its stake in shares of Old Republic International by 555.6% in the second quarter. Versant Capital Management Inc now owns 885 shares of the insurance provider’s stock worth $27,000 after acquiring an additional 750 shares during the last quarter. Mather Group LLC. increased its position in Old Republic International by 201.0% in the second quarter. Mather Group LLC. now owns 894 shares of the insurance provider’s stock worth $27,000 after purchasing an additional 597 shares during the period. Finally, Innealta Capital LLC acquired a new position in Old Republic International in the second quarter valued at approximately $30,000. Institutional investors and hedge funds own 70.92% of the company’s stock.

Old Republic International Stock Up 0.1 %

ORI opened at $37.47 on Thursday. 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 fifty-two week low of $27.19 and a fifty-two week high of $37.78. The stock has a fifty day moving average of $35.51 and a 200-day moving average of $33.32. The company has a market capitalization of $9.50 billion, a P/E ratio of 12.92 and a beta of 0.84.

Old Republic International Announces Dividend

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

Analyst Ratings Changes

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

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.