CHURCHILL MANAGEMENT Corp Sells 4,660 Shares of Old Republic International Co. (NYSE:ORI)

CHURCHILL MANAGEMENT Corp lowered its position in shares of Old Republic International Co. (NYSE:ORI) by 1.4% in the 4th quarter, Holdings Channel.com reports. The fund owned 333,788 shares of the insurance provider’s stock after selling 4,660 shares during the period. CHURCHILL MANAGEMENT Corp’s holdings in Old Republic International were worth $12,080,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its position in shares of Old Republic International by 7.6% during 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 buying an additional 532,251 shares in the last quarter. Hamlin Capital Management LLC raised its position in Old Republic International by 8.0% during the third quarter. Hamlin Capital Management LLC now owns 5,134,096 shares of the insurance provider’s stock valued at $181,850,000 after purchasing an additional 379,474 shares in the last quarter. Raymond James & Associates lifted its stake in Old Republic International by 2.4% during the third quarter. Raymond James & Associates now owns 1,072,899 shares of the insurance provider’s stock worth $38,002,000 after purchasing an additional 25,610 shares during the last quarter. ProShare Advisors LLC boosted its holdings in shares of Old Republic International by 4.4% in the 2nd quarter. ProShare Advisors LLC now owns 1,033,320 shares of the insurance provider’s stock worth $31,930,000 after purchasing an additional 43,458 shares in the last quarter. Finally, Systematic Financial Management LP increased its position in shares of Old Republic International by 9.6% during the 3rd quarter. Systematic Financial Management LP now owns 882,782 shares of the insurance provider’s stock valued at $31,268,000 after purchasing an additional 77,583 shares during the last quarter. Institutional investors own 70.92% of the company’s stock.

Old Republic International Stock Performance

Old Republic International stock opened at $35.15 on Thursday. The firm has a fifty day simple moving average of $36.69 and a two-hundred day simple moving average of $35.13. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.31. Old Republic International Co. has a twelve month low of $27.19 and a twelve month high of $39.27. The company has a market capitalization of $8.91 billion, a PE ratio of 12.12 and a beta of 0.88.

Old Republic International Dividend Announcement

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

Analyst Ratings Changes

Separately, Piper Sandler boosted their target price on Old Republic International from $36.00 to $37.00 and gave the stock an “overweight” rating in a research report 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.