Hennion & Walsh Asset Management Inc. Boosts Stock Holdings in Old Republic International Co. (NYSE:ORI)

Hennion & Walsh Asset Management Inc. lifted its position in Old Republic International Co. (NYSE:ORI) by 4.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 81,456 shares of the insurance provider’s stock after purchasing an additional 3,694 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Old Republic International were worth $2,948,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Burney Co. increased its holdings in Old Republic International by 2.2% in the fourth quarter. Burney Co. now owns 98,430 shares of the insurance provider’s stock valued at $3,562,000 after buying an additional 2,120 shares in the last quarter. Ridgewood Investments LLC grew its position in shares of Old Republic International by 2.2% during the 4th quarter. Ridgewood Investments LLC now owns 41,849 shares of the insurance provider’s stock valued at $1,515,000 after acquiring an additional 902 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in shares of Old Republic International by 0.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 561,406 shares of the insurance provider’s stock valued at $19,885,000 after purchasing an additional 1,999 shares in the last quarter. CWA Asset Management Group LLC acquired a new position in Old Republic International in the 4th quarter worth about $1,499,000. Finally, Nordea Investment Management AB boosted its position in Old Republic International by 4.3% during the fourth quarter. Nordea Investment Management AB now owns 467,282 shares of the insurance provider’s stock worth $16,906,000 after purchasing an additional 19,119 shares in the last quarter. 70.92% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Piper Sandler lifted their price target on shares of Old Republic International from $36.00 to $37.00 and gave the company an “overweight” rating in a research note on Monday, October 21st.

Old Republic International Stock Up 2.5 %

ORI stock opened at $36.03 on Friday. The stock has a market capitalization of $9.13 billion, a P/E ratio of 12.42 and a beta of 0.88. Old Republic International Co. has a 52 week low of $27.19 and a 52 week high of $39.27. The firm has a 50-day simple moving average of $36.68 and a 200-day simple moving average of $35.13. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.31.

Old Republic International Announces Dividend

The company also recently announced a special dividend, which was paid on Wednesday, January 15th. Shareholders of record on Friday, January 3rd were issued a dividend of $2.00 per share. The ex-dividend date was Friday, January 3rd. Old Republic International’s payout ratio is currently 36.55%.

Old Republic International Profile

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.