Creative Planning grew its stake in shares of Old Republic International Co. (NYSE:ORI – Free Report) by 11.4% in the 3rd quarter, HoldingsChannel reports. The firm owned 65,847 shares of the insurance provider’s stock after acquiring an additional 6,726 shares during the quarter. Creative Planning’s holdings in Old Republic International were worth $2,332,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of the stock. Financial Counselors Inc. lifted its holdings in shares of Old Republic International by 3.8% during the second quarter. Financial Counselors Inc. now owns 9,270 shares of the insurance provider’s stock valued at $286,000 after purchasing an additional 340 shares during the last quarter. Covestor Ltd lifted its holdings in shares of Old Republic International by 23.0% during the first quarter. Covestor Ltd now owns 1,937 shares of the insurance provider’s stock valued at $59,000 after purchasing an additional 362 shares during the last quarter. CIBC Asset Management Inc lifted its holdings in shares of Old Republic International by 4.9% during the second quarter. CIBC Asset Management Inc now owns 7,902 shares of the insurance provider’s stock valued at $244,000 after purchasing an additional 371 shares during the last quarter. EP Wealth Advisors LLC lifted its holdings in shares of Old Republic International by 5.2% during the first quarter. EP Wealth Advisors LLC now owns 7,762 shares of the insurance provider’s stock valued at $238,000 after purchasing an additional 387 shares during the last quarter. Finally, Brown Brothers Harriman & Co. lifted its holdings in shares of Old Republic International by 8.9% during the second quarter. Brown Brothers Harriman & Co. now owns 5,235 shares of the insurance provider’s stock valued at $162,000 after purchasing an additional 430 shares during the last quarter. 70.92% of the stock is owned by hedge funds and other institutional investors.
Old Republic International Trading Down 1.5 %
Shares of NYSE ORI opened at $34.40 on Monday. Old Republic International Co. has a one year low of $26.81 and a one year high of $36.50. The firm has a market capitalization of $9.35 billion, a PE ratio of 13.39 and a beta of 0.84. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.33. The business has a 50-day moving average price of $35.36 and a two-hundred day moving average price of $32.75.
Old Republic International Announces Dividend
The firm also recently disclosed an annual dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, September 6th were given a dividend of $1.06 per share. The ex-dividend date of this dividend was Friday, September 6th. This represents a yield of 3.05%. Old Republic International’s payout ratio is presently 41.25%.
Wall Street Analysts Forecast Growth
Separately, Piper Sandler raised 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.
View Our Latest Stock Report on Old Republic International
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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