Viking Fund Management LLC Boosts Holdings in Old Republic International Co. (NYSE:ORI)

Viking Fund Management LLC raised its stake in shares of Old Republic International Co. (NYSE:ORI) by 71.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 206,000 shares of the insurance provider’s stock after buying an additional 86,000 shares during the quarter. Viking Fund Management LLC owned about 0.08% of Old Republic International worth $7,455,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of ORI. Allworth Financial LP lifted its stake in Old Republic International by 161.9% in the 3rd quarter. Allworth Financial LP now owns 728 shares of the insurance provider’s stock worth $26,000 after purchasing an additional 450 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Old Republic International during the 3rd quarter valued at approximately $28,000. V Square Quantitative Management LLC bought a new stake in Old Republic International in the 3rd quarter worth approximately $31,000. FSA Wealth Management LLC bought a new stake in Old Republic International in the third quarter worth $41,000. Finally, Huntington National Bank increased its holdings in shares of Old Republic International by 381.0% in the 3rd quarter. Huntington National Bank now owns 1,289 shares of the insurance provider’s stock worth $46,000 after buying an additional 1,021 shares during the last quarter. Institutional investors own 70.92% of the company’s stock.

Old Republic International Trading Up 0.4 %

ORI stock opened at $36.18 on Wednesday. Old Republic International Co. has a twelve month low of $27.19 and a twelve month high of $39.27. The stock has a market capitalization of $9.17 billion, a price-to-earnings ratio of 12.47 and a beta of 0.88. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.31. The firm’s fifty day simple moving average is $36.65 and its two-hundred day simple moving average is $35.28.

Old Republic International Announces Dividend

The company also recently disclosed a special dividend, which was paid on Wednesday, January 15th. Investors of record on Friday, January 3rd were given a $2.00 dividend. The ex-dividend date was Friday, January 3rd. Old Republic International’s dividend payout ratio (DPR) is currently 36.55%.

Wall Street Analyst Weigh In

Separately, Piper Sandler raised their price objective on 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 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.