Providence Capital Advisors LLC Increases Holdings in Old Republic International Co. (NYSE:ORI)

Providence Capital Advisors LLC grew its holdings in Old Republic International Co. (NYSE:ORI) by 0.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 98,791 shares of the insurance provider’s stock after acquiring an additional 671 shares during the period. Providence Capital Advisors LLC’s holdings in Old Republic International were worth $3,499,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in ORI. Allworth Financial LP increased its stake 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 last quarter. Versant Capital Management Inc increased its stake in 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 acquiring an additional 750 shares during the last quarter. Mather Group LLC. increased its stake in 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 acquiring an additional 597 shares during the last quarter. Innealta Capital LLC bought a new stake in Old Republic International during the second quarter worth approximately $30,000. Finally, V Square Quantitative Management LLC bought a new stake in Old Republic International during the third quarter worth approximately $31,000. 70.92% of the stock is currently owned by hedge funds and other institutional investors.

Old Republic International Trading Up 0.5 %

ORI opened at $38.99 on Thursday. The stock has a market cap of $9.89 billion, a price-to-earnings ratio of 13.44 and a beta of 0.84. The stock’s 50 day moving average price is $36.12 and its 200-day moving average price is $33.84. Old Republic International Co. has a one year low of $27.19 and a one year high of $39.27. 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 Dividend Announcement

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 2.72%. Old Republic International’s dividend payout ratio is 36.55%.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler boosted their price objective on 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 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.