Old Republic International Co. (NYSE:ORI) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. cut its position in shares of Old Republic International Co. (NYSE:ORI) by 4.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,711,897 shares of the insurance provider’s stock after selling 81,041 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.68% of Old Republic International worth $60,635,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Financial Counselors Inc. lifted its position in shares of Old Republic International by 3.8% in the 2nd quarter. Financial Counselors Inc. now owns 9,270 shares of the insurance provider’s stock worth $286,000 after buying an additional 340 shares during the last quarter. CIBC Asset Management Inc lifted its holdings in Old Republic International by 4.9% in the second quarter. CIBC Asset Management Inc now owns 7,902 shares of the insurance provider’s stock worth $244,000 after acquiring an additional 371 shares during the last quarter. Brown Brothers Harriman & Co. boosted its stake in Old Republic International by 8.9% in the second quarter. Brown Brothers Harriman & Co. now owns 5,235 shares of the insurance provider’s stock valued at $162,000 after acquiring an additional 430 shares during the period. Allworth Financial LP grew its holdings 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 purchasing an additional 450 shares during the last quarter. Finally, Klein Pavlis & Peasley Financial Inc. raised its position in shares of Old Republic International by 2.2% during the 2nd quarter. Klein Pavlis & Peasley Financial Inc. now owns 22,568 shares of the insurance provider’s stock worth $697,000 after purchasing an additional 481 shares during the period. Institutional investors and hedge funds own 70.92% of the company’s stock.

Old Republic International Stock Performance

Shares of NYSE:ORI opened at $38.98 on Friday. 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 50-day moving average price is $36.26 and its 200 day moving average price is $33.93. The company has a market cap of $9.88 billion, a PE ratio of 13.44 and a beta of 0.84. Old Republic International Co. has a fifty-two week low of $27.19 and a fifty-two week high of $39.27.

Old Republic International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, December 6th will be issued a dividend of $0.265 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 2.72%. Old Republic International’s dividend payout ratio (DPR) is presently 36.55%.

Wall Street Analysts Forecast Growth

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

About Old Republic International

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.