28,930 Shares in Old Republic International Co. (NYSE:ORI) Purchased by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd bought a new position in Old Republic International Co. (NYSE:ORI) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 28,930 shares of the insurance provider’s stock, valued at approximately $1,025,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. RIA Advisory Group LLC bought a new stake in shares of Old Republic International during the 3rd quarter worth $835,000. SG Americas Securities LLC lifted its stake in Old Republic International by 309.6% during the second quarter. SG Americas Securities LLC now owns 21,695 shares of the insurance provider’s stock worth $670,000 after purchasing an additional 16,399 shares during the last quarter. Quest Partners LLC boosted its holdings in shares of Old Republic International by 5,024,500.0% in the 3rd quarter. Quest Partners LLC now owns 50,246 shares of the insurance provider’s stock worth $1,780,000 after purchasing an additional 50,245 shares in the last quarter. Rothschild Investment LLC bought a new position in shares of Old Republic International during the 2nd quarter valued at about $1,945,000. Finally, Comerica Bank raised its holdings in shares of Old Republic International by 12.5% during the 1st quarter. Comerica Bank now owns 160,211 shares of the insurance provider’s stock valued at $4,922,000 after buying an additional 17,831 shares in the last quarter. Hedge funds and other institutional investors own 70.92% of the company’s stock.

Old Republic International Price Performance

Shares of NYSE:ORI opened at $38.99 on Thursday. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.31. The stock has a market cap of $9.89 billion, a PE ratio of 13.44 and a beta of 0.84. The company’s fifty day moving average is $36.12 and its 200 day moving average is $33.84. Old Republic International Co. has a 52 week low of $27.19 and a 52 week high of $39.27.

Old Republic International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, December 6th will be paid a $0.265 dividend. This represents a $1.06 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date is Friday, December 6th. Old Republic International’s dividend payout ratio (DPR) is presently 36.55%.

Wall Street Analyst Weigh In

Separately, Piper Sandler upped their target price 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 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.