GAMMA Investing LLC Has $162,000 Stock Holdings in Old Republic International Co. (NYSE:ORI)

GAMMA Investing LLC increased its stake in Old Republic International Co. (NYSE:ORI) by 17.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 4,479 shares of the insurance provider’s stock after buying an additional 661 shares during the period. GAMMA Investing LLC’s holdings in Old Republic International were worth $162,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Versant Capital Management Inc boosted its stake in shares of Old Republic International by 57.6% in the 4th quarter. Versant Capital Management Inc now owns 1,499 shares of the insurance provider’s stock valued at $54,000 after purchasing an additional 548 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Old Republic International by 5.3% during the third quarter. JPMorgan Chase & Co. now owns 851,492 shares of the insurance provider’s stock worth $30,160,000 after buying an additional 42,934 shares during the last quarter. Franklin Resources Inc. lifted its holdings in Old Republic International by 39.6% in the third quarter. Franklin Resources Inc. now owns 454,792 shares of the insurance provider’s stock valued at $16,209,000 after buying an additional 128,896 shares during the period. Synovus Financial Corp boosted its position in Old Republic International by 4.5% during the third quarter. Synovus Financial Corp now owns 13,274 shares of the insurance provider’s stock valued at $470,000 after acquiring an additional 573 shares during the last quarter. Finally, Destination Wealth Management acquired a new stake in Old Republic International during the 3rd quarter worth about $217,000. 70.92% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Piper Sandler upped their target price 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.

Old Republic International Stock Up 0.6 %

Old Republic International stock opened at $34.38 on Thursday. The company has a market capitalization of $8.72 billion, a PE ratio of 11.86 and a beta of 0.88. Old Republic International Co. has a 12-month low of $27.19 and a 12-month high of $39.27. The firm’s fifty day moving average is $36.80 and its 200 day moving average is $35.01. 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 Announces Dividend

The business also recently disclosed a special dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, January 3rd will be given a dividend of $2.00 per share. The ex-dividend date is Friday, January 3rd. Old Republic International’s dividend payout ratio (DPR) is presently 36.55%.

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.