DRW Securities LLC Invests $348,000 in Old Republic International Co. (NYSE:ORI)

DRW Securities LLC bought a new stake in shares of Old Republic International Co. (NYSE:ORI) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 9,817 shares of the insurance provider’s stock, valued at approximately $348,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Financial Counselors Inc. raised its holdings in shares of Old Republic International by 3.8% during the second quarter. Financial Counselors Inc. now owns 9,270 shares of the insurance provider’s stock worth $286,000 after purchasing an additional 340 shares during the last quarter. CIBC Asset Management Inc raised its stake in shares of Old Republic International by 4.9% during the 2nd quarter. CIBC Asset Management Inc now owns 7,902 shares of the insurance provider’s stock valued at $244,000 after buying an additional 371 shares during the last quarter. Raymond James Trust N.A. lifted its holdings in shares of Old Republic International by 1.8% in the 3rd quarter. Raymond James Trust N.A. now owns 24,816 shares of the insurance provider’s stock valued at $879,000 after buying an additional 429 shares during the period. Brown Brothers Harriman & Co. boosted its stake in shares of Old Republic International by 8.9% in the second quarter. Brown Brothers Harriman & Co. now owns 5,235 shares of the insurance provider’s stock worth $162,000 after buying an additional 430 shares during the last quarter. Finally, Allworth Financial LP grew its holdings 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 acquiring an additional 450 shares during the period. 70.92% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Old Republic International Trading Up 0.0 %

Shares of Old Republic International stock opened at $38.81 on Wednesday. The firm has a 50-day simple moving average of $36.05 and a two-hundred day simple moving average of $33.80. 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 Co. has a fifty-two week low of $27.19 and a fifty-two week high of $39.09. The company has a market cap of $9.84 billion, a P/E ratio of 13.38 and a beta of 0.84.

Old Republic International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, December 6th will be given a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a yield of 2.73%. Old Republic International’s dividend payout ratio 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.