Old Republic International Co. (NYSE:ORI) Shares Purchased by Franklin Resources Inc.

Franklin Resources Inc. grew its holdings in shares of Old Republic International Co. (NYSE:ORI) by 39.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 454,792 shares of the insurance provider’s stock after purchasing an additional 128,896 shares during the period. Franklin Resources Inc.’s holdings in Old Republic International were worth $16,209,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of ORI. Dimensional Fund Advisors LP grew its holdings in Old Republic International by 7.6% during the second quarter. Dimensional Fund Advisors LP now owns 7,542,836 shares of the insurance provider’s stock worth $233,073,000 after acquiring an additional 532,251 shares during the period. Hamlin Capital Management LLC grew its stake in shares of Old Republic International by 8.0% during the 3rd 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. increased its holdings in shares of Old Republic International by 162.4% in the 3rd quarter. Point72 Asset Management L.P. now owns 610,150 shares of the insurance provider’s stock valued at $21,612,000 after purchasing an additional 377,605 shares in the last quarter. Lighthouse Investment Partners LLC purchased a new stake in Old Republic International during the second quarter worth about $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 during the period. 70.92% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Old Republic International Trading Up 1.1 %

NYSE:ORI opened at $36.09 on Friday. Old Republic International Co. has a 52-week low of $27.19 and a 52-week 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. The stock has a fifty day simple moving average of $36.77 and a 200-day simple moving average of $34.49. The company has a market capitalization of $9.15 billion, a PE ratio of 12.44 and a beta of 0.86.

Old Republic International Announces Dividend

The firm also recently declared a special dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, January 3rd will be issued a $2.00 dividend. The ex-dividend date is Friday, January 3rd. Old Republic International’s dividend payout ratio (DPR) is presently 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.