Old Republic International Co. (NYSE:ORI) Shares Purchased by Integrated Wealth Concepts LLC

Integrated Wealth Concepts LLC raised its position in shares of Old Republic International Co. (NYSE:ORI) by 0.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 83,723 shares of the insurance provider’s stock after purchasing an additional 315 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in Old Republic International were worth $2,965,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Financial Counselors Inc. raised 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 worth $286,000 after purchasing an additional 340 shares during the period. CIBC Asset Management Inc grew its holdings 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 worth $244,000 after buying an additional 371 shares in the last quarter. Raymond James Trust N.A. boosted its position in 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 worth $879,000 after acquiring an additional 429 shares during the last quarter. Brown Brothers Harriman & Co. raised its holdings 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 valued at $162,000 after acquiring an additional 430 shares during the last quarter. Finally, Allworth Financial LP lifted its position in 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 buying an additional 450 shares in the last quarter. Institutional investors and hedge funds own 70.92% of the company’s stock.

Wall Street Analysts Forecast Growth

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.

Old Republic International Trading Up 0.1 %

Shares of Old Republic International stock opened at $38.25 on Friday. 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 firm has a market capitalization of $9.70 billion, a price-to-earnings ratio of 13.19 and a beta of 0.86. The stock has a 50 day moving average of $36.50 and a 200 day moving average of $34.11.

Old Republic International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors 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 annualized dividend and a yield of 2.77%. Old Republic International’s dividend payout ratio (DPR) is currently 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.