UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Decreases Stock Holdings in Old Republic International Co. (NYSE:ORI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its position in Old Republic International Co. (NYSE:ORI) by 2.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,392,294 shares of the insurance provider’s stock after selling 32,728 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Old Republic International were worth $49,315,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Dimensional Fund Advisors LP grew its holdings in Old Republic International by 7.6% in the second quarter. Dimensional Fund Advisors LP now owns 7,542,836 shares of the insurance provider’s stock worth $233,073,000 after purchasing an additional 532,251 shares during the last quarter. Hamlin Capital Management LLC boosted its position in shares of Old Republic International by 8.0% in the 3rd quarter. Hamlin Capital Management LLC now owns 5,134,096 shares of the insurance provider’s stock worth $181,850,000 after purchasing an additional 379,474 shares in the last quarter. Lighthouse Investment Partners LLC purchased a new position in Old Republic International during the 2nd quarter worth $10,641,000. Point72 Asset Management L.P. acquired a new position in Old Republic International during the 2nd quarter valued at about $7,186,000. Finally, LSV Asset Management raised its stake in Old Republic International by 14.4% in the second quarter. LSV Asset Management now owns 1,838,307 shares of the insurance provider’s stock valued at $56,804,000 after buying an additional 231,600 shares during the last quarter. Institutional investors own 70.92% of the company’s stock.

Old Republic International Trading Down 0.4 %

NYSE ORI opened at $38.44 on Wednesday. Old Republic International Co. has a 12-month low of $27.19 and a 12-month high of $39.27. The company has a fifty day simple moving average of $36.39 and a two-hundred day simple moving average of $34.05. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.31. The stock has a market cap of $9.75 billion, a P/E ratio of 13.25 and a beta of 0.86.

Old Republic International Dividend Announcement

The company 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. The ex-dividend date of this dividend is Friday, December 6th. This represents a $1.06 dividend on an annualized basis and a yield of 2.76%. Old Republic International’s dividend payout ratio is currently 36.55%.

Wall Street Analyst Weigh In

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

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.