Ridgewood Investments LLC Boosts Holdings in Old Republic International Co. (NYSE:ORI)

Ridgewood Investments LLC grew its holdings in shares of Old Republic International Co. (NYSE:ORI) by 2.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 41,849 shares of the insurance provider’s stock after acquiring an additional 902 shares during the quarter. Old Republic International accounts for approximately 0.7% of Ridgewood Investments LLC’s holdings, making the stock its 29th biggest holding. Ridgewood Investments LLC’s holdings in Old Republic International were worth $1,515,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in ORI. TD Asset Management Inc raised its stake in shares of Old Republic International by 266.7% during the second quarter. TD Asset Management Inc now owns 29,700 shares of the insurance provider’s stock worth $918,000 after acquiring an additional 21,600 shares in the last quarter. Savant Capital LLC raised its stake in shares of Old Republic International by 75.7% during the second quarter. Savant Capital LLC now owns 15,167 shares of the insurance provider’s stock worth $469,000 after acquiring an additional 6,534 shares in the last quarter. Caprock Group LLC purchased a new position in shares of Old Republic International in the second quarter worth $296,000. HHM Wealth Advisors LLC purchased a new position in shares of Old Republic International in the second quarter worth $65,000. Finally, Meeder Advisory Services Inc. purchased a new position in shares of Old Republic International in the second quarter worth $268,000. 70.92% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Old Republic International Trading Down 3.1 %

Shares of NYSE ORI traded down $1.08 during mid-day trading on Friday, hitting $33.27. The stock had a trading volume of 421,310 shares, compared to its average volume of 1,195,127. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.28 and a current 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 business has a 50 day moving average price of $36.77 and a two-hundred day moving average price of $35.00. The firm has a market cap of $8.44 billion, a P/E ratio of 11.47 and a beta of 0.88.

Old Republic International Dividend Announcement

The company also recently announced a special dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, January 3rd will be paid a $2.00 dividend. The ex-dividend date is Friday, January 3rd. 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.