Old Republic International Co. (NYSE:ORI) Position Increased by UMB Bank n.a.

UMB Bank n.a. raised its stake in Old Republic International Co. (NYSE:ORI) by 2.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 17,229 shares of the insurance provider’s stock after buying an additional 408 shares during the period. UMB Bank n.a.’s holdings in Old Republic International were worth $624,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Hamlin Capital Management LLC raised its holdings 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 period. Point72 Asset Management L.P. grew its position in Old Republic International by 162.4% during the 3rd quarter. Point72 Asset Management L.P. now owns 610,150 shares of the insurance provider’s stock worth $21,612,000 after purchasing an additional 377,605 shares in the last quarter. Lighthouse Investment Partners LLC acquired a new stake in Old Republic International during the 2nd quarter valued at $10,641,000. Edgestream Partners L.P. acquired a new stake in Old Republic International during the 3rd quarter valued at $7,965,000. Finally, Franklin Resources Inc. lifted its holdings in shares of 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 purchasing an additional 128,896 shares in the last quarter. Institutional investors and hedge funds own 70.92% of the company’s stock.

Old Republic International Stock Performance

ORI stock opened at $36.18 on Wednesday. The firm has a 50 day simple moving average of $36.65 and a 200 day simple moving average of $35.28. Old Republic International Co. has a 52 week low of $27.19 and a 52 week high of $39.27. The stock has a market cap of $9.17 billion, a P/E ratio of 12.47 and a beta of 0.88. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.28 and a current ratio of 0.28.

Old Republic International Announces Dividend

The business also recently declared a special dividend, which was paid on Wednesday, January 15th. Stockholders of record on Friday, January 3rd were issued a dividend of $2.00 per share. The ex-dividend date of this dividend was Friday, January 3rd. Old Republic International’s dividend 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 company an “overweight” rating in a research report 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.