FSA Wealth Management LLC Makes New $41,000 Investment in Old Republic International Co. (NYSE:ORI)

FSA Wealth Management LLC bought a new position in shares of Old Republic International Co. (NYSE:ORI) during the 3rd quarter, HoldingsChannel.com reports. The fund bought 1,145 shares of the insurance provider’s stock, valued at approximately $41,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Allworth Financial LP lifted its holdings in Old Republic International by 161.9% during the third quarter. Allworth Financial LP now owns 728 shares of the insurance provider’s stock worth $26,000 after acquiring an additional 450 shares during the period. Mather Group LLC. increased its position in shares of 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 purchasing an additional 597 shares during the last quarter. Versant Capital Management Inc raised its stake in shares of Old Republic International by 555.6% during the 2nd quarter. Versant Capital Management Inc now owns 885 shares of the insurance provider’s stock worth $27,000 after purchasing an additional 750 shares during the period. Innealta Capital LLC purchased a new position in shares of Old Republic International in the 2nd quarter worth about $30,000. Finally, V Square Quantitative Management LLC bought a new position in Old Republic International during the third quarter valued at about $31,000. Hedge funds and other institutional investors own 70.92% of the company’s stock.

Analyst Ratings Changes

Separately, Piper Sandler lifted their price objective on shares of Old Republic International from $36.00 to $37.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st.

Old Republic International Price Performance

Shares of NYSE ORI opened at $38.97 on Monday. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.31. The stock has a fifty day simple moving average of $36.26 and a two-hundred day simple moving average of $33.96. Old Republic International Co. has a 1-year low of $27.19 and a 1-year high of $39.27. The firm has a market cap of $9.88 billion, a price-to-earnings ratio of 13.44 and a beta of 0.84.

Old Republic International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, December 6th will be paid a dividend of $0.265 per share. The ex-dividend date is Friday, December 6th. This represents a $1.06 annualized dividend and a dividend yield of 2.72%. Old Republic International’s payout ratio is 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.