Versant Capital Management Inc Boosts Stock Position in Old Republic International Co. (NYSE:ORI)

Versant Capital Management Inc grew its stake in shares of Old Republic International Co. (NYSE:ORI) by 57.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,499 shares of the insurance provider’s stock after acquiring an additional 548 shares during the period. Versant Capital Management Inc’s holdings in Old Republic International were worth $54,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Allworth Financial LP raised its position in shares of Old Republic International by 161.9% in the third quarter. Allworth Financial LP now owns 728 shares of the insurance provider’s stock worth $26,000 after buying an additional 450 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Old Republic International in the third quarter worth $28,000. V Square Quantitative Management LLC purchased a new stake in shares of Old Republic International in the third quarter worth $31,000. FSA Wealth Management LLC purchased a new stake in shares of Old Republic International in the third quarter worth $41,000. Finally, Huntington National Bank raised its position in shares of Old Republic International by 381.0% in the third quarter. Huntington National Bank now owns 1,289 shares of the insurance provider’s stock worth $46,000 after buying an additional 1,021 shares in the last quarter. Hedge funds and other institutional investors own 70.92% of the company’s stock.

Old Republic International Trading Down 4.6 %

NYSE ORI opened at $34.38 on Monday. The stock’s 50-day simple moving average is $36.84 and its two-hundred day simple moving average is $34.93. Old Republic International Co. has a twelve month low of $27.19 and a twelve month 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 company has a market capitalization of $8.72 billion, a price-to-earnings ratio of 11.86 and a beta of 0.88.

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 given a dividend of $2.00 per share. The ex-dividend date of this dividend is Friday, January 3rd. Old Republic International’s payout ratio is 36.55%.

Analysts Set New Price Targets

Separately, Piper Sandler increased their price objective 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.

About Old Republic International

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.