KBC Group NV Increases Stake in Old Republic International Co. (NYSE:ORI)

KBC Group NV boosted its stake in shares of Old Republic International Co. (NYSE:ORI) by 12.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,601 shares of the insurance provider’s stock after purchasing an additional 719 shares during the period. KBC Group NV’s holdings in Old Republic International were worth $234,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Old Republic International by 6.3% during the first quarter. Vanguard Group Inc. now owns 28,156,630 shares of the insurance provider’s stock worth $864,972,000 after buying an additional 1,661,147 shares during the period. Dimensional Fund Advisors LP raised its stake in Old Republic International by 7.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 7,542,836 shares of the insurance provider’s stock worth $233,073,000 after acquiring an additional 532,251 shares during the last quarter. Hamlin Capital Management LLC lifted its position in Old Republic International by 8.0% during the 3rd quarter. Hamlin Capital Management LLC now owns 5,134,096 shares of the insurance provider’s stock worth $181,850,000 after acquiring an additional 379,474 shares during the period. Lighthouse Investment Partners LLC purchased a new stake in Old Republic International during the 2nd quarter valued at about $10,641,000. Finally, Point72 Asset Management L.P. acquired a new position in shares of Old Republic International in the second quarter valued at about $7,186,000. Hedge funds and other institutional investors own 70.92% of the company’s stock.

Analyst Ratings Changes

Separately, Piper Sandler lifted their target price on 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 Down 0.5 %

ORI stock opened at $37.48 on Wednesday. The company has a market capitalization of $9.50 billion, a P/E ratio of 12.92 and a beta of 0.84. Old Republic International Co. has a 12 month low of $27.19 and a 12 month high of $37.81. The firm’s fifty day simple moving average is $35.65 and its 200-day simple moving average is $33.50. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.28 and a quick ratio of 0.28.

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.