Old Republic International Co. (NYSE:ORI) Shares Sold by Moloney Securities Asset Management LLC

Moloney Securities Asset Management LLC trimmed its holdings in shares of Old Republic International Co. (NYSE:ORI) by 5.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,608 shares of the insurance provider’s stock after selling 717 shares during the quarter. Moloney Securities Asset Management LLC’s holdings in Old Republic International were worth $482,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ORI. Vanguard Group Inc. increased its position in shares of Old Republic International by 6.3% during the 1st quarter. Vanguard Group Inc. now owns 28,156,630 shares of the insurance provider’s stock worth $864,972,000 after purchasing an additional 1,661,147 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Old Republic International by 7.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 7,542,836 shares of the insurance provider’s stock valued at $233,073,000 after acquiring an additional 532,251 shares in the last quarter. Hamlin Capital Management LLC grew its position in Old Republic International by 8.0% in the 3rd quarter. Hamlin Capital Management LLC now owns 5,134,096 shares of the insurance provider’s stock valued at $181,850,000 after acquiring an additional 379,474 shares in the last quarter. Lighthouse Investment Partners LLC acquired a new position in Old Republic International in the 2nd quarter valued at about $10,641,000. Finally, Point72 Asset Management L.P. acquired a new position in Old Republic International in the 2nd quarter valued at about $7,186,000. 70.92% of the stock is owned by institutional investors and hedge funds.

Old Republic International Stock Performance

Shares of ORI opened at $36.71 on Thursday. The stock has a 50-day simple moving average of $35.39 and a 200-day simple moving average of $33.08. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.29 and a current ratio of 0.28. The stock has a market capitalization of $9.31 billion, a PE ratio of 12.66 and a beta of 0.84. Old Republic International Co. has a 1 year low of $27.19 and a 1 year high of $37.06.

Old Republic International Announces Dividend

The business also recently disclosed an annual dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, September 6th were paid a $1.06 dividend. This represents a dividend yield of 3.05%. The ex-dividend date of this dividend was Friday, September 6th. Old Republic International’s payout ratio is presently 36.55%.

Analyst Ratings Changes

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

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.