Cobblestone Capital Advisors LLC NY Grows Position in Old Republic International Co. (NYSE:ORI)

Cobblestone Capital Advisors LLC NY raised its stake in Old Republic International Co. (NYSE:ORI) by 9.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,195 shares of the insurance provider’s stock after acquiring an additional 621 shares during the quarter. Cobblestone Capital Advisors LLC NY’s holdings in Old Republic International were worth $255,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Financial Counselors Inc. lifted its holdings in Old Republic International by 3.8% in the 2nd quarter. Financial Counselors Inc. now owns 9,270 shares of the insurance provider’s stock valued at $286,000 after purchasing an additional 340 shares in the last quarter. CIBC Asset Management Inc lifted its stake in shares of Old Republic International by 4.9% during the second 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 period. Raymond James Trust N.A. lifted its stake in shares of Old Republic International by 1.8% during the third 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. grew its stake in Old Republic International by 8.9% in the 2nd quarter. Brown Brothers Harriman & Co. now owns 5,235 shares of the insurance provider’s stock worth $162,000 after acquiring an additional 430 shares during the period. Finally, Allworth Financial LP raised its holdings in Old Republic International by 161.9% in the 3rd quarter. Allworth Financial LP now owns 728 shares of the insurance provider’s stock valued at $26,000 after acquiring an additional 450 shares during the last quarter. 70.92% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Old Republic International Trading Down 0.0 %

Shares of ORI stock opened at $38.97 on Monday. The firm’s 50-day simple moving average is $36.26 and its 200-day simple moving average is $33.96. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.28 and a quick ratio of 0.28. Old Republic International Co. has a 1-year low of $27.19 and a 1-year high of $39.27. The firm has a market cap of $9.88 billion, a P/E ratio of 13.44 and a beta of 0.84.

Old Republic International Dividend Announcement

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

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.