First Heartland Consultants Inc. Raises Stock Holdings in Old Republic International Co. (NYSE:ORI)

First Heartland Consultants Inc. grew its stake in Old Republic International Co. (NYSE:ORI) by 12.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,000 shares of the insurance provider’s stock after acquiring an additional 1,458 shares during the quarter. First Heartland Consultants Inc.’s holdings in Old Republic International were worth $460,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in ORI. BNP Paribas Financial Markets lifted its position in shares of Old Republic International by 47.1% in the first quarter. BNP Paribas Financial Markets now owns 43,719 shares of the insurance provider’s stock valued at $1,343,000 after acquiring an additional 14,002 shares in the last quarter. Sei Investments Co. increased its stake in Old Republic International by 13.1% in the first quarter. Sei Investments Co. now owns 73,334 shares of the insurance provider’s stock valued at $2,253,000 after purchasing an additional 8,485 shares during the last quarter. Headlands Technologies LLC increased its stake in Old Republic International by 60.5% in the first quarter. Headlands Technologies LLC now owns 4,058 shares of the insurance provider’s stock valued at $125,000 after purchasing an additional 1,529 shares during the last quarter. State Board of Administration of Florida Retirement System increased its stake in Old Republic International by 6.3% in the first quarter. State Board of Administration of Florida Retirement System now owns 254,067 shares of the insurance provider’s stock valued at $7,805,000 after purchasing an additional 15,019 shares during the last quarter. Finally, First Eagle Investment Management LLC increased its stake in Old Republic International by 9.6% in the first quarter. First Eagle Investment Management LLC now owns 419,685 shares of the insurance provider’s stock valued at $12,893,000 after purchasing an additional 36,700 shares during the last quarter. 70.92% of the stock is currently owned by hedge funds and other institutional investors.

Old Republic International Price Performance

ORI stock opened at $37.47 on Wednesday. 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 $37.53. The firm has a market cap of $9.50 billion, a P/E ratio of 12.92 and a beta of 0.84. The stock has a 50-day simple moving average of $35.45 and a 200-day simple moving average of $33.24.

Old Republic International Announces Dividend

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

Wall Street Analyst Weigh In

Separately, Piper Sandler upped their target price on Old Republic International from $36.00 to $37.00 and gave the company an “overweight” rating in a research note 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.