Old Republic International Co. (NYSE:ORI) Shares Acquired by Verition Fund Management LLC

Verition Fund Management LLC increased its position in Old Republic International Co. (NYSE:ORIGet Rating) by 127.2% in the first quarter, Holdings Channel reports. The firm owned 36,754 shares of the insurance provider’s stock after purchasing an additional 20,579 shares during the quarter. Verition Fund Management LLC’s holdings in Old Republic International were worth $951,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. grew its stake in Old Republic International by 2.4% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 36,562 shares of the insurance provider’s stock worth $946,000 after purchasing an additional 854 shares in the last quarter. Neuberger Berman Group LLC grew its stake in Old Republic International by 8.1% in the first quarter. Neuberger Berman Group LLC now owns 45,589 shares of the insurance provider’s stock worth $1,179,000 after purchasing an additional 3,423 shares in the last quarter. Toroso Investments LLC lifted its holdings in Old Republic International by 349.3% in the first quarter. Toroso Investments LLC now owns 57,440 shares of the insurance provider’s stock worth $1,486,000 after acquiring an additional 44,657 shares during the last quarter. BNP Paribas Arbitrage SA lifted its holdings in Old Republic International by 6.3% in the first quarter. BNP Paribas Arbitrage SA now owns 103,915 shares of the insurance provider’s stock worth $2,688,000 after acquiring an additional 6,141 shares during the last quarter. Finally, Point72 Hong Kong Ltd lifted its holdings in Old Republic International by 153.2% in the first quarter. Point72 Hong Kong Ltd now owns 4,763 shares of the insurance provider’s stock worth $123,000 after acquiring an additional 2,882 shares during the last quarter. 72.27% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Old Republic International from a “hold” rating to a “buy” rating in a report on Monday, August 1st.

Old Republic International Stock Performance

Shares of NYSE ORI opened at $21.56 on Thursday. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.25. The firm’s 50-day moving average price is $22.73 and its two-hundred day moving average price is $23.34. Old Republic International Co. has a 52-week low of $20.93 and a 52-week high of $27.19. The stock has a market capitalization of $6.65 billion, a P/E ratio of 6.70 and a beta of 0.81.

Old Republic International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st were issued a dividend of $1.23 per share. This represents a $4.92 dividend on an annualized basis and a dividend yield of 22.82%. The ex-dividend date was Wednesday, August 31st. This is a boost from Old Republic International’s previous quarterly dividend of $0.23. Old Republic International’s payout ratio is 28.57%.

About Old Republic International

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Old Republic International Corporation, through its subsidiaries, engages in the insurance underwriting and related services business primarily in the United States and Canada. The company operates through three segments: General Insurance, Title Insurance, and the Republic Financial Indemnity Group Run-off Business.

See Also

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:ORIGet Rating).

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

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