Old Republic International Co. (NYSE:ORI) is Paradiem LLC’s 10th Largest Position

Paradiem LLC lifted its holdings in shares of Old Republic International Co. (NYSE:ORI) by 0.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 334,750 shares of the insurance provider’s stock after acquiring an additional 748 shares during the period. Old Republic International makes up 3.3% of Paradiem LLC’s investment portfolio, making the stock its 10th largest position. Paradiem LLC’s holdings in Old Republic International were worth $12,115,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Viking Fund Management LLC boosted its holdings in shares of Old Republic International by 71.7% in the fourth quarter. Viking Fund Management LLC now owns 206,000 shares of the insurance provider’s stock worth $7,455,000 after acquiring an additional 86,000 shares during the period. MBM Wealth Consultants LLC boosted its holdings in shares of Old Republic International by 6.0% in the fourth quarter. MBM Wealth Consultants LLC now owns 9,922 shares of the insurance provider’s stock worth $357,000 after acquiring an additional 562 shares during the period. Nisa Investment Advisors LLC boosted its holdings in shares of Old Republic International by 37.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 71,716 shares of the insurance provider’s stock worth $2,595,000 after acquiring an additional 19,400 shares during the period. Atomi Financial Group Inc. boosted its holdings in shares of Old Republic International by 4.1% in the fourth quarter. Atomi Financial Group Inc. now owns 7,714 shares of the insurance provider’s stock worth $279,000 after acquiring an additional 302 shares during the period. Finally, UMB Bank n.a. boosted its holdings in shares of Old Republic International by 2.4% in the fourth quarter. UMB Bank n.a. now owns 17,229 shares of the insurance provider’s stock worth $624,000 after acquiring an additional 408 shares during the period. 70.92% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Piper Sandler raised their price target 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 Price Performance

NYSE:ORI opened at $35.79 on Thursday. The firm has a market capitalization of $9.08 billion, a price-to-earnings ratio of 12.34 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 stock has a fifty day moving average of $36.62 and a 200 day moving average of $35.32. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.28 and a current ratio of 0.28.

Old Republic International Announces Dividend

The firm also recently disclosed a special dividend, which was paid on Wednesday, January 15th. Investors of record on Friday, January 3rd were paid a dividend of $2.00 per share. The ex-dividend date of this dividend was Friday, January 3rd. Old Republic International’s dividend payout ratio is 36.55%.

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.