Paloma Partners Management Co Purchases Shares of 16,200 Old Republic International Co. (NYSE:ORI)

Paloma Partners Management Co acquired a new position in shares of Old Republic International Co. (NYSE:ORI) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 16,200 shares of the insurance provider’s stock, valued at approximately $574,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. boosted its stake in Old Republic International by 400.1% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 66,965 shares of the insurance provider’s stock valued at $2,372,000 after purchasing an additional 53,574 shares during the period. Point72 Hong Kong Ltd acquired a new stake in shares of Old Republic International during the third quarter worth $1,846,000. FSA Wealth Management LLC bought a new stake in shares of Old Republic International in the third quarter valued at about $41,000. Erste Asset Management GmbH acquired a new position in shares of Old Republic International in the third quarter valued at about $573,000. Finally, Cobblestone Capital Advisors LLC NY increased its position in Old Republic International by 9.4% during the third quarter. Cobblestone Capital Advisors LLC NY now owns 7,195 shares of the insurance provider’s stock worth $255,000 after acquiring an additional 621 shares during the period. Institutional investors and hedge funds own 70.92% of the company’s stock.

Wall Street Analyst Weigh In

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

Old Republic International Stock Performance

NYSE:ORI opened at $38.44 on Wednesday. The company has a market cap of $9.75 billion, a price-to-earnings ratio of 13.25 and a beta of 0.86. Old Republic International Co. has a fifty-two week low of $27.19 and a fifty-two week high of $39.27. 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 stock has a fifty day moving average price of $36.39 and a 200-day moving average price of $34.05.

Old Republic International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, December 6th will be paid a dividend of $0.265 per share. The ex-dividend date is Friday, December 6th. This represents a $1.06 dividend on an annualized basis and a yield of 2.76%. Old Republic International’s payout ratio is 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.