Bridgewater Associates LP Has $5.76 Million Stock Holdings in Old Republic International Co. (NYSE:ORI)

Bridgewater Associates LP lifted its position in Old Republic International Co. (NYSE:ORI) by 103.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 162,591 shares of the insurance provider’s stock after buying an additional 82,772 shares during the quarter. Bridgewater Associates LP’s holdings in Old Republic International were worth $5,759,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. RIA Advisory Group LLC acquired a new position in Old Republic International during the 3rd quarter worth $835,000. Quest Partners LLC grew its holdings in Old Republic International by 5,024,500.0% in the 3rd quarter. Quest Partners LLC now owns 50,246 shares of the insurance provider’s stock valued at $1,780,000 after buying an additional 50,245 shares during the last quarter. SG Americas Securities LLC increased its position in Old Republic International by 309.6% in the 2nd quarter. SG Americas Securities LLC now owns 21,695 shares of the insurance provider’s stock worth $670,000 after buying an additional 16,399 shares during the period. Rothschild Investment LLC acquired a new position in shares of Old Republic International during the second quarter worth approximately $1,945,000. Finally, Comerica Bank boosted its position in shares of Old Republic International by 12.5% in the first quarter. Comerica Bank now owns 160,211 shares of the insurance provider’s stock valued at $4,922,000 after acquiring an additional 17,831 shares during the period. 70.92% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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 research report on Monday, October 21st.

Old Republic International Price Performance

NYSE ORI opened at $38.98 on Friday. 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 firm has a 50-day simple moving average of $36.26 and a 200 day simple moving average of $33.93. Old Republic International Co. has a twelve month low of $27.19 and a twelve month high of $39.27. The stock has a market cap of $9.88 billion, a PE ratio of 13.44 and a beta of 0.84.

Old Republic International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, December 6th will be given a $0.265 dividend. The ex-dividend date 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 dividend payout ratio is currently 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.