Old Republic International Co. (NYSE:ORI) is Bank & Trust Co’s 4th Largest Position

Bank & Trust Co lessened its holdings in shares of Old Republic International Co. (NYSE:ORI) by 1.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 91,161 shares of the insurance provider’s stock after selling 1,158 shares during the period. Old Republic International accounts for approximately 2.8% of Bank & Trust Co’s investment portfolio, making the stock its 4th biggest holding. Bank & Trust Co’s holdings in Old Republic International were worth $3,299,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Janus Henderson Group PLC lifted its position in Old Republic International by 5.9% during the 3rd quarter. Janus Henderson Group PLC now owns 120,303 shares of the insurance provider’s stock worth $4,262,000 after acquiring an additional 6,664 shares during the period. RIA Advisory Group LLC purchased a new position in Old Republic International in the third quarter worth $835,000. Quest Partners LLC lifted its holdings in Old Republic International by 5,024,500.0% in the third quarter. Quest Partners LLC now owns 50,246 shares of the insurance provider’s stock valued at $1,780,000 after acquiring an additional 50,245 shares during the period. Colonial River Investments LLC purchased a new position in shares of Old Republic International in the 3rd quarter valued at about $524,000. Finally, World Investment Advisors LLC acquired a new stake in shares of Old Republic International in the third quarter valued at about $531,000. Institutional investors and hedge funds own 70.92% of the company’s stock.

Old Republic International Price Performance

NYSE:ORI traded up $0.19 during trading hours on Tuesday, reaching $34.25. 267,879 shares of the company traded hands, compared to its average volume of 1,190,304. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.28 and a quick ratio of 0.28. Old Republic International Co. has a 1-year low of $27.19 and a 1-year high of $39.27. The firm’s 50-day moving average is $36.82 and its 200-day moving average is $34.99. The stock has a market cap of $8.68 billion, a P/E ratio of 11.81 and a beta of 0.88.

Old Republic International Announces Dividend

The company also recently announced a special dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, January 3rd will be issued a $2.00 dividend. The ex-dividend date is Friday, January 3rd. Old Republic International’s dividend payout ratio (DPR) is 36.55%.

Analyst Ratings Changes

Separately, Piper Sandler raised their price objective on Old Republic International from $36.00 to $37.00 and gave the company an “overweight” rating in a research note 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.