Burney Co. Purchases 2,120 Shares of Old Republic International Co. (NYSE:ORI)

Burney Co. raised its position in Old Republic International Co. (NYSE:ORI) by 2.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 98,430 shares of the insurance provider’s stock after acquiring an additional 2,120 shares during the quarter. Burney Co.’s holdings in Old Republic International were worth $3,562,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Allworth Financial LP lifted its stake in shares of Old Republic International by 161.9% in the 3rd quarter. Allworth Financial LP now owns 728 shares of the insurance provider’s stock worth $26,000 after purchasing an additional 450 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in Old Republic International during the third quarter valued at approximately $28,000. V Square Quantitative Management LLC purchased a new stake in Old Republic International during the third quarter valued at approximately $31,000. FSA Wealth Management LLC purchased a new position in shares of Old Republic International during the 3rd quarter worth $41,000. Finally, Huntington National Bank grew its position in shares of Old Republic International by 381.0% during the 3rd quarter. Huntington National Bank now owns 1,289 shares of the insurance provider’s stock valued at $46,000 after acquiring an additional 1,021 shares during the period. 70.92% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Piper Sandler raised their target price on 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 Stock Up 1.7 %

ORI stock opened at $35.15 on Thursday. The business’s 50-day moving average price is $36.69 and its 200-day moving average price is $35.13. The stock has a market cap of $8.91 billion, a P/E ratio of 12.12 and a beta of 0.88. Old Republic International Co. has a twelve month low of $27.19 and a twelve month high of $39.27. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.31.

Old Republic International Announces Dividend

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

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.