UMB Bank n.a. Acquires 408 Shares of Old Republic International Co. (NYSE:ORI)

UMB Bank n.a. grew its holdings in shares of Old Republic International Co. (NYSE:ORI) by 2.4% during the fourth quarter, Holdings Channel reports. The firm owned 17,229 shares of the insurance provider’s stock after purchasing an additional 408 shares during the period. UMB Bank n.a.’s holdings in Old Republic International were worth $624,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

Separately, Piper Sandler upped their price objective on shares of Old Republic International from $36.00 to $37.00 and gave the stock an “overweight” rating in a report on Monday, October 21st.

Old Republic International Price Performance

NYSE ORI opened at $36.18 on Wednesday. The stock has a 50-day simple moving average of $36.65 and a 200 day simple moving average of $35.28. 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 PE ratio of 12.47 and a beta of 0.88. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.28 and a current ratio of 0.28.

Old Republic International Announces Dividend

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

About Old Republic International

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.