The Manufacturers Life Insurance Company trimmed its holdings in Old Republic International Co. (NYSE:ORI – Free Report) by 4.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 218,411 shares of the insurance provider’s stock after selling 10,226 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.08% of Old Republic International worth $6,749,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Bank of Nova Scotia bought a new position in shares of Old Republic International during the fourth quarter valued at approximately $400,000. CIBC Private Wealth Group LLC grew its stake in shares of Old Republic International by 6.1% in the fourth quarter. CIBC Private Wealth Group LLC now owns 98,738 shares of the insurance provider’s stock valued at $2,903,000 after buying an additional 5,666 shares in the last quarter. Capital Fund Management S.A. boosted its holdings in Old Republic International by 192.1% during the 4th quarter. Capital Fund Management S.A. now owns 337,054 shares of the insurance provider’s stock valued at $9,909,000 after acquiring an additional 221,682 shares during the period. Verition Fund Management LLC acquired a new stake in Old Republic International during the 4th quarter worth approximately $5,424,000. Finally, RMB Capital Management LLC boosted its stake in shares of Old Republic International by 4.0% in the 4th quarter. RMB Capital Management LLC now owns 267,015 shares of the insurance provider’s stock valued at $7,850,000 after buying an additional 10,152 shares during the period. Hedge funds and other institutional investors own 70.92% of the company’s stock.
Old Republic International Stock Performance
Shares of Old Republic International stock opened at $35.86 on Friday. The firm’s 50-day simple moving average is $34.93 and its 200-day simple moving average is $32.21. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.29 and a current ratio of 0.29. Old Republic International Co. has a 1 year low of $26.40 and a 1 year high of $36.09. The firm has a market cap of $9.75 billion, a PE ratio of 13.95 and a beta of 0.84.
Old Republic International Dividend Announcement
The company also recently disclosed an annual dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, September 6th were given a $1.06 dividend. The ex-dividend date was Friday, September 6th. This represents a yield of 3.05%. Old Republic International’s payout ratio is 41.25%.
Wall Street Analysts Forecast Growth
Separately, Piper Sandler lifted their price target on Old Republic International from $35.00 to $36.00 and gave the stock an “overweight” rating in a research report on Friday.
View Our Latest Stock Report on ORI
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.
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