Paradiem LLC Acquires 748 Shares of Old Republic International Co. (NYSE:ORI)

Paradiem LLC grew its stake in Old Republic International Co. (NYSE:ORI) by 0.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 334,750 shares of the insurance provider’s stock after acquiring an additional 748 shares during the quarter. Old Republic International accounts for 3.3% of Paradiem LLC’s holdings, making the stock its 10th biggest position. Paradiem LLC owned 0.13% of Old Republic International worth $12,115,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Allworth Financial LP boosted its holdings in shares of Old Republic International by 161.9% in the 3rd quarter. Allworth Financial LP now owns 728 shares of the insurance provider’s stock valued at $26,000 after buying an additional 450 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in Old Republic International during the 3rd quarter worth $28,000. V Square Quantitative Management LLC bought a new stake in shares of Old Republic International during the 3rd quarter worth approximately $31,000. FSA Wealth Management LLC acquired a new position in shares of Old Republic International during the 3rd quarter worth $41,000. Finally, Huntington National Bank raised its holdings in shares of Old Republic International by 381.0% during the 3rd 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. 70.92% of the stock is owned by institutional investors.

Old Republic International Price Performance

Shares of ORI opened at $35.79 on Thursday. Old Republic International Co. has a 12-month low of $27.19 and a 12-month high of $39.27. The business has a 50-day simple moving average of $36.62 and a two-hundred day simple moving average of $35.32. 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 stock has a market cap of $9.08 billion, a PE ratio of 12.34 and a beta of 0.88.

Old Republic International Dividend Announcement

The business also recently declared a special dividend, which was paid on Wednesday, January 15th. Shareholders of record on Friday, January 3rd were given a $2.00 dividend. The ex-dividend date was Friday, January 3rd. Old Republic International’s dividend payout ratio (DPR) is presently 36.55%.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler boosted their price target on Old Republic International from $36.00 to $37.00 and gave the stock an “overweight” rating in a 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.