Sargent Bickham Lagudis LLC purchased a new stake in Old Republic International Co. (NYSE:ORI – Get Rating) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,325 shares of the insurance provider's stock, valued at approximately $30,000.
A number of other large investors have also made changes to their positions in the stock. National Asset Management Inc. grew its position in Old Republic International by 18.7% in the first quarter. National Asset Management Inc. now owns 14,963 shares of the insurance provider's stock worth $388,000 after acquiring an additional 2,355 shares during the period. Seven Eight Capital LP purchased a new position in Old Republic International in the first quarter worth approximately $369,000. Quent Capital LLC purchased a new position in Old Republic International in the fourth quarter worth approximately $32,000. Nisa Investment Advisors LLC grew its position in Old Republic International by 10.0% in the first quarter. Nisa Investment Advisors LLC now owns 62,600 shares of the insurance provider's stock worth $1,619,000 after acquiring an additional 5,700 shares during the period. Finally, Jupiter Asset Management Ltd. grew its position in Old Republic International by 6.0% in the first quarter. Jupiter Asset Management Ltd. now owns 1,740,888 shares of the insurance provider's stock worth $45,037,000 after acquiring an additional 98,558 shares during the period. 72.27% of the stock is currently owned by hedge funds and other institutional investors.
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Separately, StockNews.com upgraded Old Republic International from a "hold" rating to a "buy" rating in a research report on Monday, August 1st.
Old Republic International Trading Down 1.9 %
ORI opened at $21.16 on Friday. Old Republic International Co. has a 52 week low of $20.93 and a 52 week high of $27.19. The business has a fifty day simple moving average of $22.72 and a 200-day simple moving average of $23.31. The firm has a market cap of $6.52 billion, a P/E ratio of 6.57 and a beta of 0.81. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.25.Old Republic International Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st were given a dividend of $1.23 per share. This is a positive change from Old Republic International's previous quarterly dividend of $0.23. This represents a $4.92 annualized dividend and a dividend yield of 23.25%. The ex-dividend date of this dividend was Wednesday, August 31st. Old Republic International's dividend payout ratio (DPR) is currently 28.57%.
Old Republic International Company Profile
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Old Republic International Corporation, through its subsidiaries, engages in the insurance underwriting and related services business primarily in the United States and Canada. The company operates through three segments: General Insurance, Title Insurance, and the Republic Financial Indemnity Group Run-off Business.
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