NFC Investments LLC Has $6.84 Million Holdings in Old Republic International Co. (NYSE:ORI)

NFC Investments LLC decreased its position in shares of Old Republic International Co. (NYSE:ORI) by 0.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 192,965 shares of the insurance provider’s stock after selling 800 shares during the quarter. Old Republic International makes up approximately 2.0% of NFC Investments LLC’s portfolio, making the stock its 17th biggest position. NFC Investments LLC’s holdings in Old Republic International were worth $6,835,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in ORI. Dimensional Fund Advisors LP boosted its stake in shares of Old Republic International by 7.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 7,542,836 shares of the insurance provider’s stock valued at $233,073,000 after purchasing an additional 532,251 shares during the last quarter. Hamlin Capital Management LLC boosted its position in Old Republic International by 8.0% during the third quarter. Hamlin Capital Management LLC now owns 5,134,096 shares of the insurance provider’s stock valued at $181,850,000 after acquiring an additional 379,474 shares during the last quarter. LSV Asset Management grew its holdings in Old Republic International by 14.4% during the 2nd quarter. LSV Asset Management now owns 1,838,307 shares of the insurance provider’s stock worth $56,804,000 after acquiring an additional 231,600 shares during the period. Raymond James & Associates raised its position in shares of Old Republic International by 2.4% in the 3rd quarter. Raymond James & Associates now owns 1,072,899 shares of the insurance provider’s stock worth $38,002,000 after acquiring an additional 25,610 shares in the last quarter. Finally, ProShare Advisors LLC lifted its stake in shares of Old Republic International by 4.4% in the 2nd quarter. ProShare Advisors LLC now owns 1,033,320 shares of the insurance provider’s stock valued at $31,930,000 after purchasing an additional 43,458 shares during the period. Institutional investors own 70.92% of the company’s stock.

Analyst Ratings Changes

Separately, Piper Sandler raised their target price 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 Stock Down 0.4 %

Shares of Old Republic International stock traded down $0.16 during trading on Tuesday, reaching $38.41. 185,280 shares of the company traded hands, compared to its average volume of 1,400,869. The firm has a market capitalization of $9.74 billion, a PE ratio of 13.30 and a beta of 0.86. The company has a 50 day moving average price of $36.32 and a 200-day moving average price of $34.01. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.28 and a quick ratio of 0.28. Old Republic International Co. has a 1-year low of $27.19 and a 1-year high of $39.27.

Old Republic International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, December 6th will be issued a $0.265 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $1.06 annualized dividend and a yield of 2.76%. Old Republic International’s payout ratio is currently 36.55%.

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.