Brooklyn Investment Group Buys Shares of 1,353 Old Republic International Co. (NYSE:ORI)

Brooklyn Investment Group bought a new stake in Old Republic International Co. (NYSE:ORI) during the third quarter, Holdings Channel.com reports. The institutional investor bought 1,353 shares of the insurance provider’s stock, valued at approximately $48,000.

A number of other large investors also recently bought and sold shares of ORI. Allworth Financial LP lifted its position in shares of 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 purchasing an additional 450 shares in the last quarter. Mather Group LLC. lifted its position in shares of Old Republic International by 201.0% during the second quarter. Mather Group LLC. now owns 894 shares of the insurance provider’s stock worth $27,000 after purchasing an additional 597 shares in the last quarter. Versant Capital Management Inc lifted its position in shares of Old Republic International by 555.6% during the second quarter. Versant Capital Management Inc now owns 885 shares of the insurance provider’s stock worth $27,000 after purchasing an additional 750 shares in the last quarter. Innealta Capital LLC acquired a new stake in shares of Old Republic International during the second quarter worth about $30,000. Finally, V Square Quantitative Management LLC acquired a new stake in shares of Old Republic International during the third quarter worth about $31,000. Institutional investors and hedge funds own 70.92% of the company’s stock.

Old Republic International Price Performance

ORI stock opened at $38.98 on Friday. The company’s 50 day moving average price is $36.26 and its 200 day moving average price is $33.93. 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 fifty-two week low of $27.19 and a fifty-two week high of $39.27. The firm has a market capitalization of $9.88 billion, a price-to-earnings ratio of 13.44 and a beta of 0.84.

Old Republic International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors 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 dividend on an annualized basis and a dividend yield of 2.72%. Old Republic International’s payout ratio is 36.55%.

Wall Street Analyst Weigh In

Separately, Piper Sandler upped 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.

About Old Republic International

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.