HighTower Advisors LLC Acquires 1,476 Shares of Old Republic International Co. (NYSE:ORI)

HighTower Advisors LLC increased its holdings in shares of Old Republic International Co. (NYSE:ORI) by 3.1% during the third quarter, Holdings Channel.com reports. The firm owned 49,609 shares of the insurance provider’s stock after buying an additional 1,476 shares during the period. HighTower Advisors LLC’s holdings in Old Republic International were worth $1,767,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of ORI. Allworth Financial LP boosted its position in Old Republic International by 161.9% during the 3rd quarter. Allworth Financial LP now owns 728 shares of the insurance provider’s stock valued at $26,000 after acquiring an additional 450 shares in the last quarter. Innealta Capital LLC bought a new stake in Old Republic International during the second quarter valued at about $30,000. V Square Quantitative Management LLC purchased a new position in Old Republic International in the third quarter valued at about $31,000. FSA Wealth Management LLC bought a new position in Old Republic International in the third quarter worth about $41,000. Finally, Huntington National Bank lifted its position in shares of Old Republic International by 381.0% during the third quarter. Huntington National Bank now owns 1,289 shares of the insurance provider’s stock valued at $46,000 after buying an additional 1,021 shares during the last quarter. 70.92% of the stock is owned by hedge funds and other institutional investors.

Old Republic International Stock Performance

Shares of ORI opened at $36.79 on Friday. 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 firm has a market cap of $9.33 billion, a PE ratio of 12.69 and a beta of 0.86. Old Republic International Co. has a 12 month low of $27.19 and a 12 month high of $39.27. The stock has a fifty day moving average price of $36.65 and a 200-day moving average price of $34.35.

Old Republic International Dividend Announcement

The firm also recently declared a special dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, January 3rd will be paid a $2.00 dividend. The ex-dividend date of this dividend is Friday, January 3rd. Old Republic International’s dividend payout ratio (DPR) is presently 36.55%.

Analysts Set New Price Targets

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

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.