Stifel Financial Corp Acquires 495 Shares of Old Republic International Co. (NYSE:ORI)

Stifel Financial Corp lifted its stake in Old Republic International Co. (NYSE:ORI) by 1.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 34,906 shares of the insurance provider’s stock after buying an additional 495 shares during the period. Stifel Financial Corp’s holdings in Old Republic International were worth $1,236,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its stake in Old Republic International by 7.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 7,542,836 shares of the insurance provider’s stock worth $233,073,000 after purchasing an additional 532,251 shares during the period. Hamlin Capital Management LLC grew its holdings in shares of Old Republic International by 8.0% in the third 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 last quarter. LSV Asset Management increased its stake in shares of Old Republic International by 14.4% in 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. Raymond James & Associates raised its holdings in Old Republic International by 2.4% during the 3rd quarter. Raymond James & Associates now owns 1,072,899 shares of the insurance provider’s stock valued at $38,002,000 after buying an additional 25,610 shares during the last quarter. Finally, ProShare Advisors LLC boosted its position in Old Republic International by 4.4% during the 2nd quarter. ProShare Advisors LLC now owns 1,033,320 shares of the insurance provider’s stock valued at $31,930,000 after buying an additional 43,458 shares during the period. Institutional investors own 70.92% of the company’s stock.

Old Republic International Trading Up 1.1 %

NYSE ORI opened at $36.09 on Monday. The stock has a market cap of $9.15 billion, a P/E ratio of 12.44 and a beta of 0.86. Old Republic International Co. has a fifty-two week low of $27.19 and a fifty-two week high of $39.27. The stock has a 50 day simple moving average of $36.77 and a two-hundred day simple moving average of $34.55. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.28 and a current ratio of 0.28.

Old Republic International Announces Dividend

The business also recently declared a special dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, January 3rd will be issued a $2.00 dividend. The ex-dividend date of this dividend is Friday, January 3rd. Old Republic International’s dividend payout ratio (DPR) is currently 36.55%.

Analyst Upgrades and Downgrades

Separately, Piper Sandler boosted their price objective on shares of Old Republic International from $36.00 to $37.00 and gave the company 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.