World Investment Advisors LLC Buys Shares of 14,995 Old Republic International Co. (NYSE:ORI)

World Investment Advisors LLC acquired a new stake in Old Republic International Co. (NYSE:ORI) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,995 shares of the insurance provider’s stock, valued at approximately $531,000.

Several other institutional investors and hedge funds have also made changes to their positions in ORI. Dimensional Fund Advisors LP lifted its position in shares of 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 acquiring an additional 532,251 shares in the last quarter. Hamlin Capital Management LLC lifted its position 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 buying an additional 379,474 shares during the period. Point72 Asset Management L.P. lifted its position in Old Republic International by 162.4% during the third quarter. Point72 Asset Management L.P. now owns 610,150 shares of the insurance provider’s stock worth $21,612,000 after buying an additional 377,605 shares during the period. Lighthouse Investment Partners LLC purchased a new position in Old Republic International during the second quarter worth about $10,641,000. Finally, LSV Asset Management lifted 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 currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Old Republic International Stock Performance

NYSE ORI opened at $36.43 on Wednesday. The business’s 50-day moving average price is $36.70 and its 200 day moving average price is $34.41. Old Republic International Co. has a twelve month low of $27.19 and a twelve month high of $39.27. The company has a market capitalization of $9.24 billion, a PE ratio of 12.56 and a beta of 0.86. The company has a current ratio of 0.28, a quick 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 will be paid on Wednesday, January 15th. Shareholders of record on Friday, January 3rd will be paid a dividend of $2.00 per share. The ex-dividend date of this dividend is Friday, January 3rd. Old Republic International’s dividend payout ratio 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.