Old Republic International Co. (NYSE:ORI) Shares Acquired by Cerity Partners LLC

Cerity Partners LLC increased its stake in shares of Old Republic International Co. (NYSE:ORI) by 11.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,052 shares of the insurance provider’s stock after purchasing an additional 1,434 shares during the quarter. Cerity Partners LLC’s holdings in Old Republic International were worth $498,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. RIA Advisory Group LLC acquired a new position in shares of Old Republic International in the third quarter valued at approximately $835,000. Quest Partners LLC lifted its stake in shares of Old Republic International by 5,024,500.0% during the 3rd quarter. Quest Partners LLC now owns 50,246 shares of the insurance provider’s stock worth $1,780,000 after purchasing an additional 50,245 shares during the period. SG Americas Securities LLC boosted its holdings in shares of Old Republic International by 309.6% during the second quarter. SG Americas Securities LLC now owns 21,695 shares of the insurance provider’s stock worth $670,000 after purchasing an additional 16,399 shares during the last quarter. Rothschild Investment LLC purchased a new stake in shares of Old Republic International in the second quarter valued at $1,945,000. Finally, Colonial River Investments LLC acquired a new position in Old Republic International in the third quarter valued at $524,000. 70.92% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Old Republic International Stock Performance

NYSE:ORI opened at $37.63 on Friday. Old Republic International Co. has a fifty-two week low of $27.19 and a fifty-two week high of $39.27. The firm’s 50 day moving average is $36.54 and its two-hundred day moving average is $34.17. The company has a market cap of $9.54 billion, a P/E ratio of 12.98 and a beta of 0.86. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.31.

Old Republic International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, December 6th will be given a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date of this dividend is Friday, December 6th. 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.