United Services Automobile Association Acquires 513 Shares of Old Republic International Co. (NYSE:ORI)

United Services Automobile Association grew its stake in shares of Old Republic International Co. (NYSE:ORI – Get Rating) by 1.7% in the third quarter, HoldingsChannel.com reports. The firm owned 31,056 shares of the insurance provider’s stock after buying an additional 513 shares during the quarter. United Services Automobile Association’s holdings in Old Republic International were worth $651,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in ORI. American Century Companies Inc. grew its stake in shares of Old Republic International by 58.9% during the 1st quarter. American Century Companies Inc. now owns 56,825 shares of the insurance provider’s stock valued at $1,471,000 after purchasing an additional 21,064 shares during the period. HighTower Advisors LLC lifted its position in shares of Old Republic International by 31.1% during the 1st quarter. HighTower Advisors LLC now owns 17,253 shares of the insurance provider’s stock valued at $448,000 after buying an additional 4,088 shares in the last quarter. Natixis Advisors L.P. lifted its holdings in Old Republic International by 21.5% in the 1st quarter. Natixis Advisors L.P. now owns 22,153 shares of the insurance provider’s stock worth $573,000 after purchasing an additional 3,918 shares in the last quarter. D.A. Davidson & CO. purchased a new position in Old Republic International in the 1st quarter worth approximately $296,000. Finally, Panagora Asset Management Inc. lifted its holdings in Old Republic International by 2.3% in the 1st quarter. Panagora Asset Management Inc. now owns 21,388 shares of the insurance provider’s stock worth $553,000 after purchasing an additional 484 shares in the last quarter. Hedge funds and other institutional investors own 70.87% of the company’s stock.

Old Republic International Stock Performance

Shares of Old Republic International stock opened at $24.70 on Wednesday. The stock’s fifty day moving average is $25.45 and its two-hundred day moving average is $23.88. The company has a market capitalization of $7.34 billion, a PE ratio of 10.79 and a beta of 0.79. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.26. Old Republic International Co. has a 52 week low of $20.27 and a 52 week high of $26.72.

Old Republic International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 15th. Shareholders of record on Monday, March 6th will be issued a $0.245 dividend. This represents a $0.98 annualized dividend and a dividend yield of 3.97%. This is a boost from Old Republic International’s previous quarterly dividend of $0.23. The ex-dividend date is Friday, March 3rd. Old Republic International’s dividend payout ratio is currently 42.79%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Raymond James lifted their price objective on Old Republic International from $27.00 to $29.00 and gave the stock an “outperform” rating in a research note on Monday, January 30th. StockNews.com raised Old Republic International from a “hold” rating to a “buy” rating in a research note on Saturday, March 4th.

About Old Republic International

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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, Republic Financial Indemnity Group (RFIG) Run-Off, and Corporate and Other. The General Insurance segment provides property and liability insurance primarily to commercial clients.