FSA Wealth Management LLC Makes New Investment in Old Republic International Co. (NYSE:ORI)

FSA Wealth Management LLC bought a new stake in shares of Old Republic International Co. (NYSE:ORI) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 1,145 shares of the insurance provider’s stock, valued at approximately $41,000.

A number of other institutional investors also recently modified their holdings of ORI. Allworth Financial LP raised its holdings in shares of Old Republic International by 161.9% during the third quarter. Allworth Financial LP now owns 728 shares of the insurance provider’s stock valued at $26,000 after purchasing an additional 450 shares during the period. V Square Quantitative Management LLC acquired a new position in Old Republic International during the 3rd quarter worth approximately $31,000. Versant Capital Management Inc boosted its holdings in Old Republic International by 555.6% in the second quarter. Versant Capital Management Inc now owns 885 shares of the insurance provider’s stock worth $27,000 after acquiring an additional 750 shares in the last quarter. Mather Group LLC. grew its stake in Old Republic International by 201.0% in the second quarter. Mather Group LLC. now owns 894 shares of the insurance provider’s stock valued at $27,000 after acquiring an additional 597 shares during the period. Finally, Innealta Capital LLC bought a new stake in shares of Old Republic International during the second quarter valued at approximately $30,000. Institutional investors and hedge funds own 70.92% of the company’s stock.

Analysts Set New Price Targets

Separately, Piper Sandler increased 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.

Old Republic International Trading Down 0.0 %

ORI opened at $38.97 on Monday. Old Republic International Co. has a fifty-two week low of $27.19 and a fifty-two week high of $39.27. The firm has a market capitalization of $9.88 billion, a PE ratio of 13.44 and a beta of 0.84. 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’s 50-day moving average is $36.26 and its 200 day moving average is $33.96.

Old Republic International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, December 6th will be issued 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 presently 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.