Hennion & Walsh Asset Management Inc. Grows Position in Old Republic International Co. (NYSE:ORI)

Hennion & Walsh Asset Management Inc. lifted its holdings in Old Republic International Co. (NYSE:ORI) by 4.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 81,456 shares of the insurance provider’s stock after buying an additional 3,694 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Old Republic International were worth $2,948,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Allworth Financial LP raised its holdings in 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 acquiring an additional 450 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Old Republic International in the third quarter valued at approximately $28,000. V Square Quantitative Management LLC purchased a new stake in shares of Old Republic International in the third quarter valued at approximately $31,000. FSA Wealth Management LLC acquired a new stake in shares of Old Republic International in the third quarter valued at approximately $41,000. Finally, Huntington National Bank lifted its position in Old Republic International by 381.0% during the third 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 currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler upped their target price on Old Republic International from $36.00 to $37.00 and gave the company an “overweight” rating in a report on Monday, October 21st.

Old Republic International Trading Up 2.5 %

Shares of ORI opened at $36.03 on Friday. Old Republic International Co. has a 12-month low of $27.19 and a 12-month high of $39.27. The firm has a market capitalization of $9.13 billion, a P/E ratio of 12.42 and a beta of 0.88. The firm has a 50-day moving average price of $36.68 and a 200 day moving average price of $35.13. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.31.

Old Republic International Dividend Announcement

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

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.