Old Republic International Co. (NYSE:ORI) Shares Sold by Richard P Slaughter Associates Inc

Richard P Slaughter Associates Inc trimmed its holdings in shares of Old Republic International Co. (NYSE:ORI) by 2.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 49,853 shares of the insurance provider’s stock after selling 1,253 shares during the period. Richard P Slaughter Associates Inc’s holdings in Old Republic International were worth $1,804,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in ORI. Integrated Wealth Concepts LLC boosted its position in shares of Old Republic International by 0.4% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 83,723 shares of the insurance provider’s stock valued at $2,965,000 after purchasing an additional 315 shares during the period. Raymond James Trust N.A. increased its position in Old Republic International by 1.8% in the 3rd quarter. Raymond James Trust N.A. now owns 24,816 shares of the insurance provider’s stock valued at $879,000 after acquiring an additional 429 shares during the period. Brown Brothers Harriman & Co. raised its stake in shares of Old Republic International by 8.9% during the second quarter. Brown Brothers Harriman & Co. now owns 5,235 shares of the insurance provider’s stock worth $162,000 after purchasing an additional 430 shares during the last quarter. Allworth Financial LP grew its position in Old Republic International by 161.9% in the 3rd quarter. Allworth Financial LP now owns 728 shares of the insurance provider’s stock valued at $26,000 after buying an additional 450 shares during the last quarter. Finally, Stifel Financial Corp boosted its holdings in shares of Old Republic International by 1.4% in the third quarter. Stifel Financial Corp now owns 34,906 shares of the insurance provider’s stock valued at $1,236,000 after acquiring an additional 495 shares in the last quarter. Institutional investors and hedge funds own 70.92% of the company’s stock.

Old Republic International Price Performance

ORI opened at $34.56 on Wednesday. Old Republic International Co. has a 1 year low of $27.19 and a 1 year high of $39.27. The company’s 50 day simple moving average is $36.72 and its 200 day simple moving average is $35.13. The stock has a market capitalization of $8.76 billion, a PE ratio of 11.92 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 Dividend Announcement

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

Analyst Ratings Changes

Separately, Piper Sandler upped their price target on shares of Old Republic International from $36.00 to $37.00 and gave the stock 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.