Axxcess Wealth Management LLC Acquires Shares of 14,801 Old Republic International Co. (NYSE:ORI)

Axxcess Wealth Management LLC acquired a new stake in shares of Old Republic International Co. (NYSE:ORI) in the third quarter, HoldingsChannel.com reports. The firm acquired 14,801 shares of the insurance provider’s stock, valued at approximately $524,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Allworth Financial LP increased its position in shares of Old Republic International by 161.9% during the 3rd 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 last quarter. V Square Quantitative Management LLC purchased a new position in shares of Old Republic International during the 3rd quarter valued at $31,000. Versant Capital Management Inc boosted its holdings in Old Republic International by 555.6% in the 2nd quarter. Versant Capital Management Inc now owns 885 shares of the insurance provider’s stock worth $27,000 after buying an additional 750 shares during the period. Mather Group LLC. grew its holdings in Old Republic International by 201.0% during the 2nd quarter. Mather Group LLC. now owns 894 shares of the insurance provider’s stock valued at $27,000 after buying an additional 597 shares in the last quarter. Finally, Innealta Capital LLC bought a new position in shares of Old Republic International during the 2nd quarter valued at approximately $30,000. Institutional investors own 70.92% of the company’s stock.

Old Republic International Price Performance

Shares of ORI stock opened at $37.47 on Thursday. The stock’s 50-day simple moving average is $35.51 and its 200-day simple moving average is $33.32. Old Republic International Co. has a fifty-two week low of $27.19 and a fifty-two week high of $37.78. 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 market capitalization of $9.50 billion, a price-to-earnings ratio of 12.92 and a beta of 0.84.

Old Republic International Dividend Announcement

The firm also recently announced an annual dividend, which was paid on Monday, September 16th. Investors of record on Friday, September 6th were given a dividend of $1.06 per share. The ex-dividend date of this dividend was Friday, September 6th. This represents a yield of 3.05%. Old Republic International’s dividend payout ratio is presently 36.55%.

Analyst Ratings Changes

Separately, Piper Sandler lifted 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 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.