Versant Capital Management Inc Grows Stock Position in Old Republic International Co. (NYSE:ORI)

Versant Capital Management Inc increased its holdings in Old Republic International Co. (NYSE:ORI) by 57.6% during the 4th quarter, Holdings Channel reports. The firm owned 1,499 shares of the insurance provider’s stock after buying an additional 548 shares during the period. Versant Capital Management Inc’s holdings in Old Republic International were worth $54,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Allworth Financial LP grew its stake in shares of Old Republic International by 161.9% in the third quarter. Allworth Financial LP now owns 728 shares of the insurance provider’s stock worth $26,000 after purchasing an additional 450 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Old Republic International in the 3rd quarter worth approximately $28,000. V Square Quantitative Management LLC bought a new stake in shares of Old Republic International in the 3rd quarter worth approximately $31,000. FSA Wealth Management LLC bought a new stake in shares of Old Republic International in the 3rd quarter worth approximately $41,000. Finally, Huntington National Bank boosted its position in shares of Old Republic International by 381.0% in the 3rd quarter. Huntington National Bank now owns 1,289 shares of the insurance provider’s stock worth $46,000 after purchasing an additional 1,021 shares in the last quarter. 70.92% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Piper Sandler boosted their price target on 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 Price Performance

Shares of NYSE ORI opened at $34.38 on Monday. Old Republic International Co. has a twelve month low of $27.19 and a twelve month high of $39.27. The firm has a market cap of $8.72 billion, a P/E ratio of 11.86 and a beta of 0.88. The company has a 50 day moving average of $36.84 and a 200 day moving average of $34.93. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.31.

Old Republic International Announces Dividend

The company also recently disclosed a special dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, January 3rd will be issued a $2.00 dividend. The ex-dividend date of this dividend is Friday, January 3rd. Old Republic International’s payout ratio is currently 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.