Synovus Financial Corp Has $470,000 Holdings in Old Republic International Co. (NYSE:ORI)

Synovus Financial Corp raised its stake in Old Republic International Co. (NYSE:ORI) by 4.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,274 shares of the insurance provider’s stock after buying an additional 573 shares during the quarter. Synovus Financial Corp’s holdings in Old Republic International were worth $470,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Allworth Financial LP raised its position in shares of Old Republic International by 161.9% in the 3rd quarter. Allworth Financial LP now owns 728 shares of the insurance provider’s stock valued at $26,000 after acquiring an additional 450 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in Old Republic International in the third quarter valued at approximately $28,000. Innealta Capital LLC acquired a new stake in Old Republic International in the second quarter worth $30,000. V Square Quantitative Management LLC bought a new position in shares of Old Republic International during the third quarter worth $31,000. Finally, FSA Wealth Management LLC acquired a new position in shares of Old Republic International in the 3rd quarter valued at $41,000. Institutional investors own 70.92% of the company’s stock.

Old Republic International Price Performance

Shares of ORI opened at $35.63 on Thursday. The stock has a 50 day simple moving average of $36.74 and a 200 day simple moving average of $34.45. Old Republic International Co. has a 52-week low of $27.19 and a 52-week 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. The firm has a market capitalization of $9.03 billion, a PE ratio of 12.29 and a beta of 0.86.

Old Republic International Announces Dividend

The business also recently declared a special dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, January 3rd will be issued a $2.00 dividend. The ex-dividend date is Friday, January 3rd. Old Republic International’s dividend payout ratio (DPR) is presently 36.55%.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler raised 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 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.