Old Republic International Co. (NYSE:ORI) Stock Position Increased by Point72 Asset Management L.P.

Point72 Asset Management L.P. increased its position in Old Republic International Co. (NYSE:ORI) by 162.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 610,150 shares of the insurance provider’s stock after buying an additional 377,605 shares during the quarter. Point72 Asset Management L.P.’s holdings in Old Republic International were worth $21,612,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Cetera Investment Advisers boosted its holdings in shares of Old Republic International by 42.9% in the first quarter. Cetera Investment Advisers now owns 101,821 shares of the insurance provider’s stock worth $3,128,000 after buying an additional 30,568 shares during the period. Cetera Advisors LLC boosted its stake in Old Republic International by 8.7% in the 1st quarter. Cetera Advisors LLC now owns 17,232 shares of the insurance provider’s stock worth $529,000 after purchasing an additional 1,375 shares during the period. GAMMA Investing LLC grew its position in Old Republic International by 121.8% during the 2nd quarter. GAMMA Investing LLC now owns 2,799 shares of the insurance provider’s stock worth $86,000 after purchasing an additional 1,537 shares in the last quarter. Mather Group LLC. raised its stake in Old Republic International by 201.0% during the 2nd quarter. Mather Group LLC. now owns 894 shares of the insurance provider’s stock valued at $27,000 after purchasing an additional 597 shares during the period. Finally, CWM LLC lifted its holdings in shares of Old Republic International by 67.5% in the second quarter. CWM LLC now owns 5,961 shares of the insurance provider’s stock valued at $184,000 after purchasing an additional 2,403 shares in the last quarter. Institutional investors own 70.92% of the company’s stock.

Analyst Upgrades and Downgrades

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 research note on Monday, October 21st.

Old Republic International Trading Up 0.1 %

Shares of NYSE:ORI opened at $38.25 on Friday. Old Republic International Co. has a 52-week low of $27.19 and a 52-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 company has a market cap of $9.70 billion, a P/E ratio of 13.19 and a beta of 0.86. The stock’s 50-day moving average is $36.50 and its 200-day moving average is $34.11.

Old Republic International Announces Dividend

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

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.