Abich Financial Wealth Management LLC Makes New $64,000 Investment in Old Republic International Co. (NYSE:ORI)

Abich Financial Wealth Management LLC acquired a new stake in shares of Old Republic International Co. (NYSE:ORI) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,807 shares of the insurance provider’s stock, valued at approximately $64,000.

A number of other large investors have also made changes to their positions in ORI. Allworth Financial LP grew its stake in Old Republic International by 161.9% during the third quarter. Allworth Financial LP now owns 728 shares of the insurance provider’s stock worth $26,000 after buying an additional 450 shares during the last quarter. Versant Capital Management Inc grew its stake in shares of Old Republic International by 555.6% during the second quarter. Versant Capital Management Inc now owns 885 shares of the insurance provider’s stock valued at $27,000 after purchasing an additional 750 shares during the last quarter. Mather Group LLC. grew its stake in shares of Old Republic International by 201.0% during the second quarter. Mather Group LLC. now owns 894 shares of the insurance provider’s stock valued at $27,000 after purchasing an additional 597 shares during the last quarter. Innealta Capital LLC bought a new stake in shares of Old Republic International during the second quarter valued at approximately $30,000. Finally, V Square Quantitative Management LLC bought a new stake in shares of Old Republic International during the third quarter valued at approximately $31,000. Institutional investors and hedge funds own 70.92% of the company’s stock.

Analysts Set New Price Targets

Separately, Piper Sandler increased their price target on shares of Old Republic International from $36.00 to $37.00 and gave the company an “overweight” rating in a research note on Monday, October 21st.

Old Republic International Trading Up 0.7 %

ORI traded up $0.23 during mid-day trading on Tuesday, hitting $35.53. The stock had a trading volume of 188,195 shares, compared to its average volume of 1,436,792. The stock’s fifty day simple moving average is $35.37 and its 200-day simple moving average is $32.81. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.64 and a quick ratio of 0.29. The firm has a market capitalization of $9.18 billion, a price-to-earnings ratio of 12.17 and a beta of 0.84. Old Republic International Co. has a 1-year low of $26.90 and a 1-year high of $36.50.

Old Republic International Dividend Announcement

The firm also recently announced an annual dividend, which was paid on Monday, September 16th. Investors of record on Friday, September 6th were given a $1.06 dividend. This represents a yield of 3.05%. The ex-dividend date was Friday, September 6th. Old Republic International’s dividend payout ratio (DPR) is currently 36.55%.

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.