International Assets Investment Management LLC Grows Stake in Old Republic International Co. (NYSE:ORI)

International Assets Investment Management LLC grew its position in shares of Old Republic International Co. (NYSE:ORI) by 1,268.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 78,448 shares of the insurance provider’s stock after purchasing an additional 72,714 shares during the period. International Assets Investment Management LLC’s holdings in Old Republic International were worth $2,779,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. Financial Counselors Inc. grew its position in shares of Old Republic International by 3.8% during the 2nd quarter. Financial Counselors Inc. now owns 9,270 shares of the insurance provider’s stock valued at $286,000 after purchasing an additional 340 shares in the last quarter. Covestor Ltd grew its position in shares of Old Republic International by 23.0% during the 1st quarter. Covestor Ltd now owns 1,937 shares of the insurance provider’s stock valued at $59,000 after purchasing an additional 362 shares in the last quarter. CIBC Asset Management Inc grew its position in shares of Old Republic International by 4.9% during the 2nd quarter. CIBC Asset Management Inc now owns 7,902 shares of the insurance provider’s stock valued at $244,000 after purchasing an additional 371 shares in the last quarter. EP Wealth Advisors LLC grew its position in shares of Old Republic International by 5.2% during the 1st quarter. EP Wealth Advisors LLC now owns 7,762 shares of the insurance provider’s stock valued at $238,000 after purchasing an additional 387 shares in the last quarter. Finally, Brown Brothers Harriman & Co. grew its position in shares of Old Republic International by 8.9% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 5,235 shares of the insurance provider’s stock valued at $162,000 after purchasing an additional 430 shares in the last quarter. 70.92% of the stock is currently owned by hedge funds and other institutional investors.

Old Republic International Stock Performance

NYSE ORI opened at $34.50 on Friday. Old Republic International Co. has a 52-week low of $27.19 and a 52-week high of $36.50. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.29 and a current ratio of 0.64. The company has a market capitalization of $8.92 billion, a P/E ratio of 11.90 and a beta of 0.84. The company has a fifty day moving average of $35.37 and a 200-day moving average of $32.95.

Old Republic International Dividend Announcement

The firm also recently declared an annual dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, September 6th were paid a $1.06 dividend. This represents a yield of 3.05%. The ex-dividend date was Friday, September 6th. Old Republic International’s dividend payout ratio 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 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.