Old Republic International Co. (NYSE:ORI) Holdings Increased by Woodmont Investment Counsel LLC

Woodmont Investment Counsel LLC grew its stake in shares of Old Republic International Co. (NYSE:ORI) by 2.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 126,428 shares of the insurance provider’s stock after buying an additional 3,533 shares during the quarter. Woodmont Investment Counsel LLC’s holdings in Old Republic International were worth $4,478,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Allworth Financial LP raised its position in shares of Old Republic International by 161.9% during the 3rd 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. V Square Quantitative Management LLC bought a new stake in shares of Old Republic International during the 3rd quarter worth about $31,000. Versant Capital Management Inc raised its position in shares of Old Republic International by 555.6% during the 2nd quarter. Versant Capital Management Inc now owns 885 shares of the insurance provider’s stock worth $27,000 after buying an additional 750 shares in the last quarter. Mather Group LLC. raised its position in shares of Old Republic International by 201.0% during the 2nd quarter. Mather Group LLC. now owns 894 shares of the insurance provider’s stock worth $27,000 after buying an additional 597 shares in the last quarter. Finally, Innealta Capital LLC bought a new stake in shares of Old Republic International during the 2nd quarter worth about $30,000. 70.92% of the stock is currently owned by institutional investors.

Old Republic International Stock Up 4.5 %

NYSE ORI opened at $36.71 on Thursday. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.28 and a quick ratio of 0.29. The company’s 50 day simple moving average is $35.39 and its 200 day simple moving average is $33.08. Old Republic International Co. has a 12 month low of $27.19 and a 12 month high of $37.06. The company has a market capitalization of $9.31 billion, a P/E ratio of 12.66 and a beta of 0.84.

Old Republic International Dividend Announcement

The firm also recently announced an annual dividend, which was paid on Monday, September 16th. Investors of record on Friday, September 6th were issued a $1.06 dividend. The ex-dividend date was Friday, September 6th. This represents a dividend yield of 3.05%. Old Republic International’s payout ratio is currently 36.55%.

Analyst Upgrades and Downgrades

Separately, Piper Sandler boosted their target price on shares of 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.