Stifel Financial Corp Raises Position in Old Republic International Co. (NYSE:ORI)

Stifel Financial Corp grew its position in shares of Old Republic International Co. (NYSE:ORI) by 1.4% during the third quarter, according to its most recent filing with the SEC. The firm owned 34,906 shares of the insurance provider’s stock after acquiring an additional 495 shares during the period. Stifel Financial Corp’s holdings in Old Republic International were worth $1,236,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Raymond James Trust N.A. grew its stake in Old Republic International by 16.5% in the second quarter. Raymond James Trust N.A. now owns 24,387 shares of the insurance provider’s stock worth $754,000 after purchasing an additional 3,455 shares during the period. Atomi Financial Group Inc. purchased a new position in Old Republic International during the 2nd quarter valued at about $204,000. Klein Pavlis & Peasley Financial Inc. grew its holdings in Old Republic International by 2.2% in the second quarter. Klein Pavlis & Peasley Financial Inc. now owns 22,568 shares of the insurance provider’s stock worth $697,000 after purchasing an additional 481 shares during the period. Leith Wheeler Investment Counsel Ltd. grew its holdings in Old Republic International by 0.8% in the second quarter. Leith Wheeler Investment Counsel Ltd. now owns 308,549 shares of the insurance provider’s stock worth $9,534,000 after purchasing an additional 2,300 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Old Republic International by 3.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 60,733 shares of the insurance provider’s stock valued at $1,877,000 after purchasing an additional 2,229 shares during the last quarter. Institutional investors own 70.92% of the company’s stock.

Old Republic International Price Performance

Shares of NYSE:ORI opened at $36.09 on Monday. The company has a market capitalization of $9.15 billion, a PE ratio of 12.44 and a beta of 0.86. The business has a fifty day moving average price of $36.77 and a 200-day moving average price of $34.55. Old Republic International Co. has a 1-year low of $27.19 and a 1-year high of $39.27. 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 Dividend Announcement

The company also recently disclosed a special dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, January 3rd will be paid a dividend of $2.00 per share. The ex-dividend date is Friday, January 3rd. Old Republic International’s dividend payout ratio is currently 36.55%.

Analyst Ratings Changes

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 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.