Barclays PLC Has $9.67 Million Stock Holdings in Old Republic International Co. (NYSE:ORI)

Barclays PLC lifted its position in shares of Old Republic International Co. (NYSE:ORI) by 51.3% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 272,914 shares of the insurance provider’s stock after buying an additional 92,591 shares during the quarter. Barclays PLC’s holdings in Old Republic International were worth $9,665,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of ORI. Dimensional Fund Advisors LP raised its stake in Old Republic International by 7.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 7,542,836 shares of the insurance provider’s stock worth $233,073,000 after purchasing an additional 532,251 shares in the last quarter. Hamlin Capital Management LLC increased its holdings in shares of 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 during the period. Point72 Asset Management L.P. raised its position in shares of Old Republic International by 162.4% in the third quarter. Point72 Asset Management L.P. now owns 610,150 shares of the insurance provider’s stock valued at $21,612,000 after buying an additional 377,605 shares in the last quarter. Lighthouse Investment Partners LLC bought a new stake in shares of Old Republic International in the second quarter valued at approximately $10,641,000. Finally, LSV Asset Management grew its position in Old Republic International by 14.4% during the second 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 in the last quarter. Institutional investors own 70.92% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler upped their target price on 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 Stock Performance

Shares of Old Republic International stock opened at $36.43 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 cap of $9.24 billion, a PE ratio of 12.68 and a beta of 0.86. The company has a 50 day moving average of $36.70 and a 200-day moving average of $34.41. Old Republic International Co. has a 1-year low of $27.19 and a 1-year high of $39.27.

Old Republic International Dividend Announcement

The business also recently declared a special dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, January 3rd will be paid a $2.00 dividend. The ex-dividend date of this dividend is Friday, January 3rd. Old Republic International’s payout ratio is currently 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.