CWA Asset Management Group LLC Makes New Investment in Old Republic International Co. (NYSE:ORI)

CWA Asset Management Group LLC bought a new stake in Old Republic International Co. (NYSE:ORI) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 41,431 shares of the insurance provider’s stock, valued at approximately $1,499,000.

Several other hedge funds also recently made changes to their positions in ORI. Allworth Financial LP raised its holdings in Old Republic International by 161.9% in the third quarter. Allworth Financial LP now owns 728 shares of the insurance provider’s stock worth $26,000 after purchasing an additional 450 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Old Republic International in the 3rd quarter worth about $28,000. V Square Quantitative Management LLC purchased a new position in Old Republic International during the 3rd quarter valued at about $31,000. FSA Wealth Management LLC bought a new stake in Old Republic International during the third quarter worth about $41,000. Finally, Huntington National Bank grew its holdings in Old Republic International by 381.0% in the third quarter. Huntington National Bank now owns 1,289 shares of the insurance provider’s stock worth $46,000 after purchasing an additional 1,021 shares during the period. 70.92% of the stock is currently owned by institutional investors.

Old Republic International Price Performance

Shares of NYSE:ORI opened at $34.06 on Tuesday. The business has a fifty day moving average price of $36.82 and a 200-day moving average price of $34.99. 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 $8.64 billion, a PE ratio of 11.74 and a beta of 0.88. Old Republic International Co. has a 1-year low of $27.19 and a 1-year high of $39.27.

Old Republic International Dividend Announcement

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 of this dividend is Friday, January 3rd. Old Republic International’s dividend payout ratio (DPR) is presently 36.55%.

Analyst Ratings Changes

Separately, Piper Sandler lifted their target price on shares of Old Republic International from $36.00 to $37.00 and gave the company 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.