Ridgewood Investments LLC Buys 902 Shares of Old Republic International Co. (NYSE:ORI)

Ridgewood Investments LLC boosted its stake in Old Republic International Co. (NYSE:ORI) by 2.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 41,849 shares of the insurance provider’s stock after acquiring an additional 902 shares during the period. Old Republic International accounts for approximately 0.7% of Ridgewood Investments LLC’s holdings, making the stock its 29th biggest holding. Ridgewood Investments LLC’s holdings in Old Republic International were worth $1,515,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC boosted its holdings in Old Republic International by 0.4% in the third quarter. Integrated Wealth Concepts LLC now owns 83,723 shares of the insurance provider’s stock valued at $2,965,000 after acquiring an additional 315 shares in the last quarter. Raymond James Trust N.A. boosted its holdings in Old Republic International by 1.8% in the third quarter. Raymond James Trust N.A. now owns 24,816 shares of the insurance provider’s stock valued at $879,000 after acquiring an additional 429 shares in the last quarter. Brown Brothers Harriman & Co. boosted its holdings in Old Republic International by 8.9% in the second quarter. Brown Brothers Harriman & Co. now owns 5,235 shares of the insurance provider’s stock valued at $162,000 after acquiring an additional 430 shares in the last quarter. Allworth Financial LP boosted its holdings 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. Finally, Stifel Financial Corp boosted its holdings in shares of Old Republic International by 1.4% during the 3rd quarter. Stifel Financial Corp now owns 34,906 shares of the insurance provider’s stock valued at $1,236,000 after buying an additional 495 shares in the last quarter. Institutional investors own 70.92% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler boosted their target price on shares of Old Republic International from $36.00 to $37.00 and gave the company an “overweight” rating in a report on Monday, October 21st.

Old Republic International Stock Down 3.1 %

Shares of ORI stock traded down $1.08 during mid-day trading on Friday, reaching $33.27. 421,310 shares of the company’s stock traded hands, compared to its average volume of 1,195,127. Old Republic International Co. has a 12 month low of $27.19 and a 12 month high of $39.27. The company has a market cap of $8.44 billion, a P/E ratio of 11.47 and a beta of 0.88. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.31. The company’s 50-day moving average price is $36.77 and its 200-day moving average price is $35.00.

Old Republic International Announces Dividend

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 $2.00 dividend. The ex-dividend date of this dividend is Friday, January 3rd. Old Republic International’s payout ratio is 36.55%.

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.