DRW Securities LLC Acquires Shares of 9,817 Old Republic International Co. (NYSE:ORI)

DRW Securities LLC bought a new position in shares of Old Republic International Co. (NYSE:ORI) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 9,817 shares of the insurance provider’s stock, valued at approximately $348,000.

Several other hedge funds have also recently modified their holdings of the stock. Financial Counselors Inc. increased its position in shares of Old Republic International by 3.8% during the second quarter. Financial Counselors Inc. now owns 9,270 shares of the insurance provider’s stock worth $286,000 after purchasing an additional 340 shares in the last quarter. CIBC Asset Management Inc grew its holdings in shares of Old Republic International by 4.9% during the second quarter. CIBC Asset Management Inc now owns 7,902 shares of the insurance provider’s stock worth $244,000 after buying an additional 371 shares in the last quarter. Raymond James Trust N.A. raised its position in shares of Old Republic International by 1.8% in the third quarter. Raymond James Trust N.A. now owns 24,816 shares of the insurance provider’s stock valued at $879,000 after buying an additional 429 shares during the last quarter. Brown Brothers Harriman & Co. lifted its stake in shares of Old Republic International by 8.9% in the second quarter. Brown Brothers Harriman & Co. now owns 5,235 shares of the insurance provider’s stock worth $162,000 after buying an additional 430 shares in the last quarter. Finally, Allworth Financial LP boosted its position in Old Republic International by 161.9% during the third quarter. Allworth Financial LP now owns 728 shares of the insurance provider’s stock worth $26,000 after acquiring an additional 450 shares during the last quarter. Institutional investors and hedge funds own 70.92% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler increased their price objective on shares of 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 Stock Performance

NYSE ORI opened at $38.81 on Wednesday. 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’s fifty day moving average is $36.05 and its two-hundred day moving average is $33.80. The firm has a market capitalization of $9.84 billion, a P/E ratio of 13.38 and a beta of 0.84. Old Republic International Co. has a fifty-two week low of $27.19 and a fifty-two week high of $39.09.

Old Republic International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, December 6th will be given a dividend of $0.265 per share. This represents a $1.06 annualized dividend and a dividend yield of 2.73%. Old Republic International’s payout ratio 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.