Victory Capital Management Inc. Has $388.75 Million Holdings in Old Republic International Co. (NYSE:ORI)

Victory Capital Management Inc. lessened its holdings in Old Republic International Co. (NYSE:ORI) by 5.2% during the third quarter, HoldingsChannel reports. The firm owned 10,975,461 shares of the insurance provider’s stock after selling 604,912 shares during the quarter. Victory Capital Management Inc.’s holdings in Old Republic International were worth $388,751,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in ORI. Allworth Financial LP lifted its holdings in Old Republic International by 161.9% in the third quarter. Allworth Financial LP now owns 728 shares of the insurance provider’s stock valued at $26,000 after buying an additional 450 shares during the period. Versant Capital Management Inc boosted its position in Old Republic International by 555.6% in the second quarter. Versant Capital Management Inc now owns 885 shares of the insurance provider’s stock worth $27,000 after purchasing an additional 750 shares during the last quarter. Mather Group LLC. boosted its stake in Old Republic International by 201.0% in the second quarter. Mather Group LLC. now owns 894 shares of the insurance provider’s stock valued at $27,000 after acquiring an additional 597 shares during the last quarter. Innealta Capital LLC bought a new position in Old Republic International during the second quarter valued at $30,000. Finally, V Square Quantitative Management LLC purchased a new stake in shares of Old Republic International during the 3rd quarter valued at approximately $31,000. Institutional investors own 70.92% of the company’s stock.

Analyst Upgrades and Downgrades

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

Old Republic International Trading Up 0.4 %

Shares of ORI stock traded up $0.15 during mid-day trading on Tuesday, reaching $37.24. The stock had a trading volume of 196,612 shares, compared to its average volume of 1,424,255. Old Republic International Co. has a 52-week low of $27.19 and a 52-week high of $37.50. The firm has a market capitalization of $9.44 billion, a PE ratio of 12.79 and a beta of 0.84. The company has a current ratio of 0.28, a quick ratio of 0.29 and a debt-to-equity ratio of 0.31. The stock’s 50-day moving average price is $35.42 and its two-hundred day moving average price is $33.19.

Old Republic International Dividend Announcement

The firm also recently declared an annual dividend, which was paid on Monday, September 16th. Investors of record on Friday, September 6th were given a dividend of $1.06 per share. The ex-dividend date was Friday, September 6th. This represents a yield of 3.05%. Old Republic International’s dividend payout ratio (DPR) 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.