Cobblestone Capital Advisors LLC NY Boosts Position in Old Republic International Co. (NYSE:ORI)

Cobblestone Capital Advisors LLC NY raised its holdings in shares of Old Republic International Co. (NYSE:ORI) by 9.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,195 shares of the insurance provider’s stock after buying an additional 621 shares during the period. Cobblestone Capital Advisors LLC NY’s holdings in Old Republic International were worth $255,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Financial Counselors Inc. lifted its holdings in shares of Old Republic International by 3.8% during the 2nd quarter. Financial Counselors Inc. now owns 9,270 shares of the insurance provider’s stock valued at $286,000 after acquiring an additional 340 shares in the last quarter. CIBC Asset Management Inc raised its position in Old Republic International by 4.9% in the second quarter. CIBC Asset Management Inc now owns 7,902 shares of the insurance provider’s stock valued at $244,000 after purchasing an additional 371 shares during the period. Raymond James Trust N.A. lifted its stake in shares of Old Republic International by 1.8% during the third quarter. Raymond James Trust N.A. now owns 24,816 shares of the insurance provider’s stock worth $879,000 after purchasing an additional 429 shares in the last quarter. Brown Brothers Harriman & Co. boosted its position 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 during the period. Finally, Allworth Financial LP grew its stake in shares of Old Republic International by 161.9% in the third quarter. Allworth Financial LP now owns 728 shares of the insurance provider’s stock valued at $26,000 after buying an additional 450 shares in the last quarter. 70.92% of the stock is currently owned by hedge funds and other institutional investors.

Old Republic International Stock Performance

Old Republic International stock opened at $38.97 on Monday. Old Republic International Co. has a 12-month low of $27.19 and a 12-month high of $39.27. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.28 and a quick ratio of 0.28. The company has a market capitalization of $9.88 billion, a price-to-earnings ratio of 13.44 and a beta of 0.84. The firm’s fifty day moving average price is $36.26 and its 200 day moving average price is $33.96.

Old Republic International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, December 6th will be paid a $0.265 dividend. This represents a $1.06 annualized dividend and a dividend yield of 2.72%. The ex-dividend date of this dividend is Friday, December 6th. Old Republic International’s dividend payout ratio (DPR) is 36.55%.

Analyst Ratings Changes

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

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.