Nordea Investment Management AB Has $16.91 Million Stock Holdings in Old Republic International Co. (NYSE:ORI)

Nordea Investment Management AB raised its holdings in Old Republic International Co. (NYSE:ORI) by 4.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 467,282 shares of the insurance provider’s stock after buying an additional 19,119 shares during the period. Nordea Investment Management AB owned about 0.18% of Old Republic International worth $16,906,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Integrated Wealth Concepts LLC lifted its position in shares of Old Republic International by 0.4% during the third quarter. Integrated Wealth Concepts LLC now owns 83,723 shares of the insurance provider’s stock valued at $2,965,000 after purchasing an additional 315 shares in the last quarter. Raymond James Trust N.A. lifted its position in shares of Old Republic International by 1.8% during the 3rd quarter. Raymond James Trust N.A. now owns 24,816 shares of the insurance provider’s stock worth $879,000 after buying an additional 429 shares in the last quarter. Brown Brothers Harriman & Co. boosted its stake in shares of Old Republic International by 8.9% in the 2nd quarter. Brown Brothers Harriman & Co. now owns 5,235 shares of the insurance provider’s stock worth $162,000 after buying an additional 430 shares during the last quarter. Allworth Financial LP grew its holdings 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 valued at $26,000 after acquiring an additional 450 shares in the last quarter. Finally, Stifel Financial Corp increased its position in shares of Old Republic International by 1.4% during the third quarter. Stifel Financial Corp now owns 34,906 shares of the insurance provider’s stock valued at $1,236,000 after acquiring an additional 495 shares during the last quarter. 70.92% of the stock is currently owned by institutional investors and hedge funds.

Old Republic International Stock Performance

Shares of ORI stock opened at $34.38 on Thursday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.28 and a current ratio of 0.28. The firm has a market cap of $8.72 billion, a price-to-earnings ratio of 11.86 and a beta of 0.88. Old Republic International Co. has a 52 week low of $27.19 and a 52 week high of $39.27. The firm’s 50-day simple moving average is $36.80 and its two-hundred day simple moving average is $35.01.

Old Republic International Dividend Announcement

The business also recently declared 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 dividend payout ratio (DPR) is presently 36.55%.

Analyst Upgrades and Downgrades

Separately, Piper Sandler boosted their price objective 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.

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.