Old Republic International Co. (NYSE:ORI) Stake Boosted by BNP Paribas Financial Markets

BNP Paribas Financial Markets grew its stake in shares of Old Republic International Co. (NYSE:ORI) by 138.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 40,403 shares of the insurance provider’s stock after purchasing an additional 23,471 shares during the quarter. BNP Paribas Financial Markets’ holdings in Old Republic International were worth $1,431,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in ORI. Allworth Financial LP boosted 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 acquiring an additional 450 shares during the period. V Square Quantitative Management LLC bought a new stake in Old Republic International in the 3rd quarter valued at about $31,000. Mather Group LLC. boosted its stake in Old Republic International by 201.0% during the 2nd quarter. Mather Group LLC. now owns 894 shares of the insurance provider’s stock valued at $27,000 after purchasing an additional 597 shares during the period. Innealta Capital LLC bought a new position in Old Republic International in the 2nd quarter worth about $30,000. Finally, Huntington National Bank increased its stake in shares of Old Republic International by 381.0% in the third quarter. Huntington National Bank now owns 1,289 shares of the insurance provider’s stock valued at $46,000 after purchasing an additional 1,021 shares during the period. 70.92% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Old Republic International Price Performance

Shares of NYSE ORI opened at $37.63 on Monday. The firm’s 50-day simple moving average is $36.54 and its 200 day simple moving average is $34.19. The stock has a market cap of $9.54 billion, a P/E ratio of 12.98 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. 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 business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, December 6th will be issued a $0.265 dividend. This represents a $1.06 annualized dividend and a dividend yield of 2.82%. The ex-dividend date of this dividend is Friday, December 6th. Old Republic International’s dividend payout ratio (DPR) is presently 36.55%.

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.