Y Intercept Hong Kong Ltd Has $806,000 Stake in Old Republic International Co. (NYSE:ORI)

Y Intercept Hong Kong Ltd raised its holdings in Old Republic International Co. (NYSE:ORI) by 40.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 22,764 shares of the insurance provider’s stock after buying an additional 6,589 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Old Republic International were worth $806,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Janus Henderson Group PLC increased its position in shares of Old Republic International by 5.9% in the third quarter. Janus Henderson Group PLC now owns 120,303 shares of the insurance provider’s stock valued at $4,262,000 after acquiring an additional 6,664 shares during the last quarter. RIA Advisory Group LLC bought a new stake in shares of Old Republic International during the 3rd quarter worth approximately $835,000. Quest Partners LLC raised its stake in shares of Old Republic International by 5,024,500.0% during the 3rd quarter. Quest Partners LLC now owns 50,246 shares of the insurance provider’s stock worth $1,780,000 after purchasing an additional 50,245 shares in the last quarter. SG Americas Securities LLC boosted its holdings in shares of Old Republic International by 309.6% in the 2nd quarter. SG Americas Securities LLC now owns 21,695 shares of the insurance provider’s stock valued at $670,000 after buying an additional 16,399 shares during the last quarter. Finally, Rothschild Investment LLC bought a new position in shares of Old Republic International in the second quarter valued at $1,945,000. 70.92% of the stock is owned by institutional investors.

Old Republic International Price Performance

Shares of NYSE ORI opened at $36.80 on Friday. Old Republic International Co. has a twelve month low of $27.19 and a twelve month high of $39.27. The company has a market cap of $9.33 billion, a PE ratio of 12.69 and a beta of 0.86. The business’s 50 day moving average price is $36.63 and its two-hundred day moving average price is $34.29. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.31.

Old Republic International Dividend Announcement

The firm 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 $2.00 dividend. Old Republic International’s dividend payout ratio (DPR) is presently 36.55%.

Analyst Upgrades and Downgrades

Separately, Piper Sandler increased their price target on shares of Old Republic International from $36.00 to $37.00 and gave the company 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.