3,214 Shares in Old Republic International Co. (NYSE:ORI) Bought by HM Payson & Co.

HM Payson & Co. bought a new stake in Old Republic International Co. (NYSE:ORI) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,214 shares of the insurance provider’s stock, valued at approximately $114,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of Old Republic International by 6.3% in the 1st quarter. Vanguard Group Inc. now owns 28,156,630 shares of the insurance provider’s stock valued at $864,972,000 after acquiring an additional 1,661,147 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Old Republic International by 7.6% in the second quarter. Dimensional Fund Advisors LP now owns 7,542,836 shares of the insurance provider’s stock valued at $233,073,000 after purchasing an additional 532,251 shares during the last quarter. Hamlin Capital Management LLC raised its holdings in Old Republic International by 8.0% during the third quarter. Hamlin Capital Management LLC now owns 5,134,096 shares of the insurance provider’s stock worth $181,850,000 after purchasing an additional 379,474 shares in the last quarter. LSV Asset Management lifted its position in shares of Old Republic International by 14.4% during the 2nd quarter. LSV Asset Management now owns 1,838,307 shares of the insurance provider’s stock worth $56,804,000 after buying an additional 231,600 shares during the last quarter. Finally, Raymond James & Associates boosted its holdings in shares of Old Republic International by 2.4% in the 3rd quarter. Raymond James & Associates now owns 1,072,899 shares of the insurance provider’s stock valued at $38,002,000 after buying an additional 25,610 shares in the last quarter. 70.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Old Republic International Trading Down 1.2 %

NYSE:ORI opened at $34.52 on Friday. The company has a market capitalization of $8.92 billion, a PE ratio of 11.90 and a beta of 0.84. Old Republic International Co. has a 52-week low of $27.19 and a 52-week high of $36.50. The stock’s 50 day moving average price is $35.39 and its 200 day moving average price is $32.88. The company has a quick ratio of 0.29, a current ratio of 0.64 and a debt-to-equity ratio of 0.31.

Old Republic International Dividend Announcement

The firm also recently announced an annual dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, September 6th were given a dividend of $1.06 per share. The ex-dividend date was Friday, September 6th. This represents a dividend yield of 3.05%. Old Republic International’s dividend payout ratio (DPR) is presently 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.