JPMorgan Chase & Co. Raises Holdings in Old Republic International Co. (NYSE:ORI)

JPMorgan Chase & Co. lifted its position in Old Republic International Co. (NYSE:ORI) by 5.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 851,492 shares of the insurance provider’s stock after purchasing an additional 42,934 shares during the quarter. JPMorgan Chase & Co. owned about 0.34% of Old Republic International worth $30,160,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in ORI. Integrated Wealth Concepts LLC raised its holdings in shares of Old Republic International by 0.4% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 83,723 shares of the insurance provider’s stock worth $2,965,000 after acquiring an additional 315 shares in the last quarter. CIBC Asset Management Inc raised its stake in Old Republic International by 4.9% during the second quarter. CIBC Asset Management Inc now owns 7,902 shares of the insurance provider’s stock valued at $244,000 after purchasing an additional 371 shares in the last quarter. Raymond James Trust N.A. lifted its position in Old Republic International by 1.8% during the third quarter. Raymond James Trust N.A. now owns 24,816 shares of the insurance provider’s stock valued at $879,000 after purchasing an additional 429 shares during the last quarter. Brown Brothers Harriman & Co. increased its holdings in shares of Old Republic International by 8.9% in the 2nd quarter. Brown Brothers Harriman & Co. now owns 5,235 shares of the insurance provider’s stock worth $162,000 after buying an additional 430 shares during the last quarter. Finally, Allworth Financial LP raised its position in shares of Old Republic International by 161.9% during the 3rd quarter. Allworth Financial LP now owns 728 shares of the insurance provider’s stock valued at $26,000 after buying an additional 450 shares in the last quarter. 70.92% of the stock is currently owned by hedge funds and other institutional investors.

Old Republic International Stock Performance

NYSE:ORI opened at $34.17 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. The stock’s fifty day moving average is $36.82 and its 200 day moving average is $34.99. The firm has a market capitalization of $8.66 billion, a PE ratio of 11.78 and a beta of 0.88. Old Republic International Co. has a fifty-two week low of $27.19 and a fifty-two week high of $39.27.

Old Republic International Dividend Announcement

The company also recently declared a special dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, January 3rd will be paid a dividend of $2.00 per share. The ex-dividend date is Friday, January 3rd. Old Republic International’s dividend payout ratio is presently 36.55%.

Analysts Set New Price Targets

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