Aviva PLC Has $1.53 Million Stake in Old Republic International Co. (NYSE:ORI)

Posted by on Feb 26th, 2023

Aviva PLC trimmed its holdings in Old Republic International Co. (NYSE:ORI – Get Rating) by 16.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 73,050 shares of the insurance provider’s stock after selling 14,216 shares during the period. Aviva PLC’s holdings in Old Republic International were worth $1,529,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Cowa LLC lifted its holdings in Old Republic International by 10,030.0% during the 1st quarter. Cowa LLC now owns 2,825,961 shares of the insurance provider’s stock worth $731,000 after purchasing an additional 2,798,064 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in Old Republic International by 20.8% during the 3rd quarter. Victory Capital Management Inc. now owns 12,807,069 shares of the insurance provider’s stock worth $268,052,000 after purchasing an additional 2,205,004 shares during the last quarter. AQR Capital Management LLC lifted its holdings in Old Republic International by 60.0% during the 2nd quarter. AQR Capital Management LLC now owns 3,311,306 shares of the insurance provider’s stock worth $74,040,000 after purchasing an additional 1,241,181 shares during the last quarter. Allianz Asset Management GmbH lifted its holdings in Old Republic International by 124.0% during the 1st quarter. Allianz Asset Management GmbH now owns 1,974,899 shares of the insurance provider’s stock worth $51,091,000 after purchasing an additional 1,093,287 shares during the last quarter. Finally, State Street Corp lifted its holdings in Old Republic International by 4.5% during the 2nd quarter. State Street Corp now owns 24,305,893 shares of the insurance provider’s stock worth $543,480,000 after purchasing an additional 1,050,349 shares during the last quarter. 70.87% of the stock is owned by institutional investors and hedge funds.

Old Republic International Price Performance

Old Republic International stock opened at $26.39 on Friday. The stock’s fifty day moving average price is $25.13 and its two-hundred day moving average price is $23.74. Old Republic International Co. has a one year low of $20.27 and a one year high of $26.93. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.33 and a quick ratio of 0.59. The firm has a market cap of $8.03 billion, a PE ratio of 11.52 and a beta of 0.81.

Old Republic International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 15th. Shareholders of record on Monday, March 6th will be paid a dividend of $0.245 per share. This represents a $0.98 dividend on an annualized basis and a yield of 3.71%. The ex-dividend date of this dividend is Friday, March 3rd. This is a positive change from Old Republic International’s previous quarterly dividend of $0.23. Old Republic International’s dividend payout ratio (DPR) is 40.17%.

Analyst Ratings Changes

Several research firms recently weighed in on ORI. Raymond James lifted their price target on Old Republic International from $27.00 to $29.00 and gave the stock an “outperform” rating in a report on Monday, January 30th. StockNews.com lowered Old Republic International from a “buy” rating to a “hold” rating in a research note on Friday.

Old Republic International Profile

(Get Rating)

Old Republic International Corp. is a holding company, which engages in the business of insurance underwriting. It operates through the following segments: General Insurance, Title Insurance, and Republic Financial Indemnity Group (RFIG) Run-off Business. The General Insurance segment offers property and liability insurance to commercial clients.

Featured Stories

Want to see what other hedge funds are holding ORI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Old Republic International Co. (NYSE:ORI – Get Rating).

Institutional Ownership by Quarter for Old Republic International (NYSE:ORI)

Receive News & Ratings for Old Republic International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Old Republic International and related companies with MarketBeat.com's FREE daily email newsletter.