United Services Automobile Association Has $651,000 Holdings in Old Republic International Co. (NYSE:ORI)

United Services Automobile Association raised its position in Old Republic International Co. (NYSE:ORI – Get Rating) by 1.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,056 shares of the insurance provider’s stock after buying an additional 513 shares during the period. United Services Automobile Association’s holdings in Old Republic International were worth $651,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. TCI Wealth Advisors Inc. lifted its holdings in Old Republic International by 212.2% in the third quarter. TCI Wealth Advisors Inc. now owns 1,255 shares of the insurance provider’s stock valued at $26,000 after buying an additional 853 shares during the period. Ronald Blue Trust Inc. lifted its holdings in Old Republic International by 468.9% in the third quarter. Ronald Blue Trust Inc. now owns 1,502 shares of the insurance provider’s stock valued at $34,000 after buying an additional 1,238 shares during the period. Atlas Capital Advisors LLC acquired a new position in Old Republic International in the second quarter valued at approximately $34,000. Eagle Bay Advisors LLC acquired a new position in Old Republic International in the second quarter valued at approximately $38,000. Finally, Zions Bancorporation N.A. acquired a new position in Old Republic International in the first quarter valued at approximately $59,000. 70.87% of the stock is currently owned by institutional investors and hedge funds.

Old Republic International Stock Up 3.3 %

Shares of NYSE:ORI opened at $24.70 on Wednesday. Old Republic International Co. has a 52 week low of $20.27 and a 52 week high of $26.72. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.55 and a current ratio of 0.55. The company has a market capitalization of $7.34 billion, a PE ratio of 10.79 and a beta of 0.79. The company has a 50 day moving average price of $25.45 and a two-hundred day moving average price of $23.88.

Old Republic International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 15th. Shareholders of record on Monday, March 6th will be paid a $0.245 dividend. This represents a $0.98 annualized dividend and a yield of 3.97%. The ex-dividend date is Friday, March 3rd. This is an increase from Old Republic International’s previous quarterly dividend of $0.23. Old Republic International’s dividend payout ratio is presently 42.79%.

Analysts Set New Price Targets

Several brokerages recently weighed in on ORI. Raymond James increased their price objective on shares of Old Republic International from $27.00 to $29.00 and gave the company an “outperform” rating in a report on Monday, January 30th. StockNews.com raised shares of Old Republic International from a “hold” rating to a “buy” rating in a research note on Saturday, March 4th.

Old Republic International Profile

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Old Republic International Corp. is a holding company, which engages in the business of insurance underwriting. It operates through the following segments: General Insurance, Title Insurance, Republic Financial Indemnity Group (RFIG) Run-Off, and Corporate and Other. The General Insurance segment provides property and liability insurance primarily to commercial clients.