JPMorgan Chase & Co. Raises Stake in Old Republic International Co. (NYSE:ORI)

JPMorgan Chase & Co. boosted its stake in shares of Old Republic International Co. (NYSE:ORI) by 5.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 851,492 shares of the insurance provider’s stock after buying an additional 42,934 shares during the quarter. JPMorgan Chase & Co.’s holdings in Old Republic International were worth $30,160,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in ORI. Janus Henderson Group PLC boosted its holdings in shares of Old Republic International by 5.9% in the third quarter. Janus Henderson Group PLC now owns 120,303 shares of the insurance provider’s stock valued at $4,262,000 after purchasing an additional 6,664 shares during the period. RIA Advisory Group LLC bought a new position in shares of Old Republic International during the 3rd quarter worth $835,000. Quest Partners LLC increased its stake in shares of Old Republic International by 5,024,500.0% during the third quarter. Quest Partners LLC now owns 50,246 shares of the insurance provider’s stock valued at $1,780,000 after buying an additional 50,245 shares during the period. Colonial River Investments LLC purchased a new stake in Old Republic International in the third quarter worth about $524,000. Finally, World Investment Advisors LLC bought a new position in Old Republic International during the 3rd quarter worth about $531,000. 70.92% of the stock is owned by hedge funds and other institutional investors.

Old Republic International Trading Up 0.3 %

Shares of NYSE:ORI opened at $34.17 on Wednesday. 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 company has a market capitalization of $8.66 billion, a PE ratio of 11.78 and a beta of 0.88. Old Republic International Co. has a 12-month low of $27.19 and a 12-month high of $39.27. The business’s fifty day simple moving average is $36.82 and its 200-day simple moving average is $34.99.

Old Republic International Announces Dividend

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

Analysts Set New Price Targets

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

About Old Republic International

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.