Old Republic International Co. (NYSE:ORI) Shares Acquired by Redwood Investment Management LLC

Redwood Investment Management LLC grew its holdings in Old Republic International Co. (NYSE:ORI) by 4.1% in the 3rd quarter, HoldingsChannel reports. The firm owned 46,727 shares of the insurance provider’s stock after purchasing an additional 1,854 shares during the quarter. Redwood Investment Management LLC’s holdings in Old Republic International were worth $1,653,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Allworth Financial LP increased its position in shares of 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. Mather Group LLC. boosted its stake in shares of Old Republic International by 201.0% in 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. Innealta Capital LLC acquired a new position in shares of Old Republic International during the second quarter worth about $30,000. V Square Quantitative Management LLC purchased a new stake in shares of Old Republic International during the third quarter worth approximately $31,000. Finally, FSA Wealth Management LLC acquired a new stake in Old Republic International in the third quarter valued at approximately $41,000. 70.92% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler boosted their price target on shares of 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 Stock Performance

NYSE:ORI opened at $38.25 on Friday. The firm has a market capitalization of $9.70 billion, a PE ratio of 13.19 and a beta of 0.86. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.28 and a quick ratio of 0.28. The business’s fifty day moving average price is $36.50 and its 200 day moving average price is $34.11. Old Republic International Co. has a 12 month low of $27.19 and a 12 month high of $39.27.

Old Republic International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, December 6th will be given a dividend of $0.265 per share. This represents a $1.06 annualized dividend and a dividend yield of 2.77%. The ex-dividend date is Friday, December 6th. Old Republic International’s dividend payout ratio (DPR) is presently 36.55%.

Old Republic International 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.