Bridgewater Associates LP Has $5.76 Million Holdings in Old Republic International Co. (NYSE:ORI)

Bridgewater Associates LP grew its position in Old Republic International Co. (NYSE:ORI) by 103.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 162,591 shares of the insurance provider’s stock after buying an additional 82,772 shares during the quarter. Bridgewater Associates LP owned approximately 0.06% of Old Republic International worth $5,759,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Allworth Financial LP boosted its stake in Old Republic International by 161.9% in the 3rd quarter. Allworth Financial LP now owns 728 shares of the insurance provider’s stock worth $26,000 after purchasing an additional 450 shares during the period. V Square Quantitative Management LLC purchased a new position in Old Republic International during the third quarter valued at approximately $31,000. Versant Capital Management Inc increased its stake in Old Republic International by 555.6% in the 2nd quarter. Versant Capital Management Inc now owns 885 shares of the insurance provider’s stock valued at $27,000 after buying an additional 750 shares during the period. Mather Group LLC. boosted its stake in shares of Old Republic International by 201.0% during the 2nd quarter. Mather Group LLC. now owns 894 shares of the insurance provider’s stock valued at $27,000 after buying an additional 597 shares during the period. Finally, Innealta Capital LLC acquired a new position in shares of Old Republic International in the second quarter worth $30,000. 70.92% of the stock is currently owned by institutional investors and hedge funds.

Old Republic International Price Performance

Shares of ORI opened at $38.98 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.28 and a current ratio of 0.28. The firm has a market cap of $9.88 billion, a PE ratio of 13.44 and a beta of 0.84. The firm’s 50 day moving average price is $36.26 and its 200 day moving average price is $33.93. Old Republic International Co. has a twelve month low of $27.19 and a twelve month high of $39.27.

Old Republic International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, December 6th will be paid a $0.265 dividend. This represents a $1.06 annualized dividend and a dividend yield of 2.72%. The ex-dividend date of this dividend is Friday, December 6th. Old Republic International’s payout ratio is presently 36.55%.

Wall Street Analyst Weigh In

Separately, Piper Sandler lifted their price objective 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 Company 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.