Old Republic International Co. (NYSE:ORI) Shares Purchased by First Heartland Consultants Inc.

First Heartland Consultants Inc. boosted its holdings in Old Republic International Co. (NYSE:ORI) by 12.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,000 shares of the insurance provider’s stock after acquiring an additional 1,458 shares during the quarter. First Heartland Consultants Inc.’s holdings in Old Republic International were worth $460,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Versor Investments LP acquired a new position in shares of Old Republic International during the 3rd quarter valued at $2,384,000. Colonial River Investments LLC acquired a new stake in shares of Old Republic International in the third quarter worth $524,000. Axxcess Wealth Management LLC acquired a new stake in shares of Old Republic International in the third quarter worth $524,000. Assetmark Inc. boosted its position in Old Republic International by 6.2% during the third quarter. Assetmark Inc. now owns 107,314 shares of the insurance provider’s stock valued at $3,801,000 after purchasing an additional 6,231 shares during the last quarter. Finally, Woodmont Investment Counsel LLC boosted its position in Old Republic International by 2.9% during the third quarter. Woodmont Investment Counsel LLC now owns 126,428 shares of the insurance provider’s stock valued at $4,478,000 after purchasing an additional 3,533 shares during the last quarter. 70.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Piper Sandler raised 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 Price Performance

NYSE ORI opened at $37.47 on Wednesday. Old Republic International Co. has a twelve month low of $27.19 and a twelve month high of $37.53. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.28 and a current ratio of 0.28. The stock has a market capitalization of $9.50 billion, a PE ratio of 12.92 and a beta of 0.84. The stock has a 50-day simple moving average of $35.45 and a 200 day simple moving average of $33.24.

Old Republic International Announces Dividend

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

Old Republic International Company Profile

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.