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

Richard P Slaughter Associates Inc cut its stake in Old Republic International Co. (NYSE:ORI) by 2.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). 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 filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Allworth Financial LP grew its holdings 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 in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Old Republic International during the third quarter worth about $28,000. V Square Quantitative Management LLC purchased a new position in Old Republic International during the third quarter worth about $31,000. FSA Wealth Management LLC acquired a new position in Old Republic International in the 3rd quarter valued at about $41,000. Finally, Huntington National Bank grew its stake 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 valued at $46,000 after buying an additional 1,021 shares during the period. Hedge funds and other institutional investors own 70.92% of the company’s stock.

Old Republic International Stock Up 2.4 %

Shares of NYSE:ORI opened at $34.56 on Wednesday. The business has a 50-day moving average price of $36.72 and a 200 day moving average price of $35.13. Old Republic International Co. has a 12-month low of $27.19 and a 12-month high of $39.27. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $8.76 billion, a price-to-earnings ratio of 11.92 and a beta of 0.88.

Old Republic International Announces Dividend

The business also recently declared a special dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, January 3rd will be paid a $2.00 dividend. The ex-dividend date is Friday, January 3rd. Old Republic International’s dividend payout ratio (DPR) is 36.55%.

Analysts Set New Price Targets

Separately, Piper Sandler upped their price objective on Old Republic International from $36.00 to $37.00 and gave the company an “overweight” rating in a 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.