Robeco Institutional Asset Management B.V. Increases Stock Holdings in Old Republic International Co. (NYSE:ORI)

Robeco Institutional Asset Management B.V. boosted its stake in Old Republic International Co. (NYSE:ORI) by 8.7% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 229,932 shares of the insurance provider’s stock after acquiring an additional 18,397 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Old Republic International were worth $8,144,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in ORI. Vanguard Group Inc. increased 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 purchasing an additional 1,661,147 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings 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 buying an additional 532,251 shares during the last quarter. Hamlin Capital Management LLC increased its stake 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 buying an additional 379,474 shares in the last quarter. Lighthouse Investment Partners LLC acquired a new position in shares of Old Republic International during the second quarter valued at approximately $10,641,000. Finally, Point72 Asset Management L.P. purchased a new position in shares of Old Republic International in the second quarter valued at approximately $7,186,000. 70.92% of the stock is currently owned by institutional investors and hedge funds.

Old Republic International Price Performance

Shares of NYSE ORI opened at $36.34 on Friday. The firm has a 50-day simple moving average of $35.40 and a 200-day simple moving average of $33.10. The company has a quick ratio of 0.29, a current ratio of 0.28 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $9.21 billion, a price-to-earnings ratio of 12.53 and a beta of 0.84. Old Republic International Co. has a 52 week low of $27.19 and a 52 week high of $37.06.

Old Republic International Dividend Announcement

The firm also recently announced 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 of this dividend was Friday, September 6th. Old Republic International’s dividend payout ratio (DPR) is 36.55%.

Analyst Upgrades and Downgrades

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 Company 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.