Providence Capital Advisors LLC Increases Holdings in Old Republic International Co. (NYSE:ORI)

Providence Capital Advisors LLC lifted its position in Old Republic International Co. (NYSE:ORI) by 0.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 98,791 shares of the insurance provider’s stock after purchasing an additional 671 shares during the period. Providence Capital Advisors LLC’s holdings in Old Republic International were worth $3,499,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Bridgewater Associates LP boosted its holdings in shares of Old Republic International by 103.7% in the third quarter. Bridgewater Associates LP now owns 162,591 shares of the insurance provider’s stock valued at $5,759,000 after purchasing an additional 82,772 shares during the period. BNP Paribas Financial Markets lifted its holdings in Old Republic International by 138.6% during the third quarter. BNP Paribas Financial Markets now owns 40,403 shares of the insurance provider’s stock worth $1,431,000 after buying an additional 23,471 shares during the period. Brooklyn Investment Group purchased a new stake in Old Republic International during the third quarter worth $48,000. Bank of Montreal Can lifted its holdings in Old Republic International by 36.1% during the third quarter. Bank of Montreal Can now owns 63,083 shares of the insurance provider’s stock worth $2,232,000 after buying an additional 16,744 shares during the period. Finally, DRW Securities LLC purchased a new stake in Old Republic International during the third quarter worth $348,000. Hedge funds and other institutional investors own 70.92% of the company’s stock.

Old Republic International Stock Performance

Shares of ORI opened at $38.99 on Thursday. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.31. The stock has a fifty day moving average price of $36.12 and a 200-day moving average price of $33.84. 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 cap of $9.89 billion, a PE ratio of 13.44 and a beta of 0.84.

Old Republic International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, December 6th will be paid a dividend of $0.265 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 2.72%. Old Republic International’s payout ratio is currently 36.55%.

Wall Street Analyst Weigh In

Separately, Piper Sandler upped their target price 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.