Sargent Bickham Lagudis LLC Takes Position in Old Republic International Co. (NYSE:ORI)

Sargent Bickham Lagudis LLC purchased a new stake in Old Republic International Co. (NYSE:ORIGet Rating) during the second quarter, HoldingsChannel.com reports. The fund purchased 1,325 shares of the insurance provider’s stock, valued at approximately $30,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ORI. Private Advisor Group LLC raised its stake in Old Republic International by 52.2% in the fourth quarter. Private Advisor Group LLC now owns 26,734 shares of the insurance provider’s stock valued at $657,000 after buying an additional 9,170 shares in the last quarter. Bank of Montreal Can grew its holdings in shares of Old Republic International by 18.7% during the fourth quarter. Bank of Montreal Can now owns 109,480 shares of the insurance provider’s stock worth $2,694,000 after purchasing an additional 17,265 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Old Republic International by 4.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,652,927 shares of the insurance provider’s stock worth $40,629,000 after purchasing an additional 68,859 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of Old Republic International by 207.6% during the fourth quarter. Renaissance Technologies LLC now owns 803,185 shares of the insurance provider’s stock worth $19,742,000 after purchasing an additional 542,100 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Old Republic International by 3.3% during the fourth quarter. Geode Capital Management LLC now owns 4,266,566 shares of the insurance provider’s stock worth $104,871,000 after purchasing an additional 138,062 shares during the last quarter. 72.27% of the stock is currently owned by institutional investors and hedge funds.

Old Republic International Stock Performance

Shares of ORI stock opened at $21.16 on Friday. The stock’s 50-day moving average is $22.72 and its two-hundred day moving average is $23.31. The firm has a market cap of $6.52 billion, a price-to-earnings ratio of 6.57 and a beta of 0.81. Old Republic International Co. has a 1 year low of $20.93 and a 1 year high of $27.19. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.55 and a current ratio of 0.55.

Old Republic International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 1st were issued a dividend of $1.23 per share. The ex-dividend date of this dividend was Wednesday, August 31st. This represents a $4.92 dividend on an annualized basis and a dividend yield of 23.25%. 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 currently 28.57%.

Analysts Set New Price Targets

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

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.

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

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