Wealth Enhancement Advisory Services LLC Grows Stock Position in Old Republic International Co. (NYSE:ORI)

Wealth Enhancement Advisory Services LLC increased its holdings in Old Republic International Co. (NYSE:ORI) by 0.4% in the 4th quarter, HoldingsChannel reports. The fund owned 561,406 shares of the insurance provider’s stock after purchasing an additional 1,999 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Old Republic International were worth $19,885,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP increased its position in shares of Old Republic International by 7.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 7,542,836 shares of the insurance provider’s stock worth $233,073,000 after purchasing an additional 532,251 shares during the last quarter. Hamlin Capital Management LLC increased its position in shares of Old Republic International by 8.0% during the third quarter. Hamlin Capital Management LLC now owns 5,134,096 shares of the insurance provider’s stock valued at $181,850,000 after acquiring an additional 379,474 shares during the last quarter. Raymond James & Associates raised its stake in shares of Old Republic International by 2.4% in the 3rd quarter. Raymond James & Associates now owns 1,072,899 shares of the insurance provider’s stock valued at $38,002,000 after acquiring an additional 25,610 shares during the period. ProShare Advisors LLC lifted its holdings in shares of Old Republic International by 4.4% in the 2nd quarter. ProShare Advisors LLC now owns 1,033,320 shares of the insurance provider’s stock worth $31,930,000 after acquiring an additional 43,458 shares during the last quarter. Finally, Systematic Financial Management LP boosted its position in shares of Old Republic International by 9.6% during the 3rd quarter. Systematic Financial Management LP now owns 882,782 shares of the insurance provider’s stock worth $31,268,000 after purchasing an additional 77,583 shares during the period. Institutional investors and hedge funds own 70.92% of the company’s stock.

Old Republic International Stock Performance

NYSE ORI opened at $33.44 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.28 and a quick ratio of 0.28. The company has a market cap of $8.48 billion, a P/E ratio of 11.53 and a beta of 0.88. The stock has a 50-day moving average of $36.75 and a two-hundred day moving average of $35.05. Old Republic International Co. has a 1-year low of $27.19 and a 1-year high of $39.27.

Old Republic International Announces Dividend

The firm also recently announced a special dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, January 3rd will be paid a dividend of $2.00 per share. The ex-dividend date of this dividend is Friday, January 3rd. Old Republic International’s payout ratio is currently 36.55%.

Analyst Ratings Changes

Separately, Piper Sandler upped their price target on Old Republic International from $36.00 to $37.00 and gave the stock an “overweight” rating in a research note 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.