10,678 Shares in Old Republic International Co. (NYSE:ORI) Purchased by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. acquired a new stake in Old Republic International Co. (NYSE:ORI) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 10,678 shares of the insurance provider’s stock, valued at approximately $378,000.

A number of other institutional investors have also bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Old Republic International by 1.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 61,701 shares of the insurance provider’s stock valued at $2,185,000 after purchasing an additional 968 shares during the last quarter. Providence Capital Advisors LLC raised its holdings in shares of Old Republic International by 0.7% during the 3rd quarter. Providence Capital Advisors LLC now owns 98,791 shares of the insurance provider’s stock worth $3,499,000 after acquiring an additional 671 shares during the period. Bridgewater Associates LP grew its stake in shares of Old Republic International by 103.7% in the 3rd quarter. Bridgewater Associates LP now owns 162,591 shares of the insurance provider’s stock valued at $5,759,000 after buying an additional 82,772 shares during the period. BNP Paribas Financial Markets lifted its holdings in shares of Old Republic International by 138.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 40,403 shares of the insurance provider’s stock worth $1,431,000 after acquiring an additional 23,471 shares during the last quarter. Finally, Brooklyn Investment Group purchased a new stake in Old Republic International during the 3rd quarter worth approximately $48,000. 70.92% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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 report on Monday, October 21st.

Old Republic International Price Performance

Shares of ORI opened at $35.98 on Wednesday. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.31. The stock has a 50 day moving average of $36.59 and a 200-day moving average of $34.26. Old Republic International Co. has a 52 week low of $27.19 and a 52 week high of $39.27. The firm has a market cap of $9.12 billion, a price-to-earnings ratio of 12.41 and a beta of 0.86.

Old Republic International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, December 6th will be given 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 yield of 2.95%. Old Republic International’s dividend payout ratio is currently 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.