HighTower Advisors LLC Increases Stock Holdings in Old Republic International Co. (NYSE:ORI)

HighTower Advisors LLC boosted its stake in shares of Old Republic International Co. (NYSE:ORI) by 3.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 49,609 shares of the insurance provider’s stock after buying an additional 1,476 shares during the period. HighTower Advisors LLC’s holdings in Old Republic International were worth $1,767,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of ORI. Dimensional Fund Advisors LP raised its stake in shares of Old Republic International by 7.6% in the second quarter. Dimensional Fund Advisors LP now owns 7,542,836 shares of the insurance provider’s stock valued at $233,073,000 after acquiring an additional 532,251 shares during the period. Hamlin Capital Management LLC raised its position in Old Republic International by 8.0% in the 3rd quarter. Hamlin Capital Management LLC now owns 5,134,096 shares of the insurance provider’s stock worth $181,850,000 after purchasing an additional 379,474 shares during the period. LSV Asset Management lifted its stake in Old Republic International by 14.4% in the second quarter. LSV Asset Management now owns 1,838,307 shares of the insurance provider’s stock worth $56,804,000 after purchasing an additional 231,600 shares during the last quarter. Raymond James & Associates boosted its position in shares of Old Republic International by 2.4% during the third quarter. Raymond James & Associates now owns 1,072,899 shares of the insurance provider’s stock valued at $38,002,000 after buying an additional 25,610 shares during the period. Finally, ProShare Advisors LLC grew its stake in shares of Old Republic International by 4.4% during the second quarter. ProShare Advisors LLC now owns 1,033,320 shares of the insurance provider’s stock valued at $31,930,000 after buying an additional 43,458 shares during the last quarter. 70.92% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Piper Sandler raised 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.

Old Republic International Trading Up 1.6 %

NYSE ORI opened at $36.79 on Friday. The stock has a market cap of $9.33 billion, a PE ratio of 12.69 and a beta of 0.86. Old Republic International Co. has a 12 month low of $27.19 and a 12 month high of $39.27. The company’s 50-day moving average price is $36.65 and its 200-day moving average price is $34.35. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.31.

Old Republic International Dividend Announcement

The business also recently announced 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 of this dividend 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.