Alan B Lancz & Associates Inc. Lowers Position in Old Republic International Co. (NYSE:ORI)

Alan B Lancz & Associates Inc. trimmed its position in shares of Old Republic International Co. (NYSE:ORI) by 3.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,550 shares of the insurance provider’s stock after selling 500 shares during the quarter. Alan B Lancz & Associates Inc.’s holdings in Old Republic International were worth $445,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in ORI. Allworth Financial LP boosted its position in Old Republic International by 161.9% during the third quarter. Allworth Financial LP now owns 728 shares of the insurance provider’s stock worth $26,000 after purchasing an additional 450 shares in the last quarter. Versant Capital Management Inc raised its stake in shares of Old Republic International by 555.6% during the 2nd quarter. Versant Capital Management Inc now owns 885 shares of the insurance provider’s stock worth $27,000 after buying an additional 750 shares during the period. Mather Group LLC. lifted its position in shares of Old Republic International by 201.0% during the 2nd quarter. Mather Group LLC. now owns 894 shares of the insurance provider’s stock valued at $27,000 after buying an additional 597 shares in the last quarter. Innealta Capital LLC acquired a new stake in Old Republic International in the 2nd quarter valued at $30,000. Finally, V Square Quantitative Management LLC purchased a new stake in Old Republic International in the 3rd quarter worth $31,000. 70.92% of the stock is currently owned by institutional investors and hedge funds.

Old Republic International Trading Up 1.4 %

ORI stock opened at $36.83 on Friday. Old Republic International Co. has a 12-month low of $27.19 and a 12-month high of $37.16. The business’s 50-day moving average is $35.42 and its 200 day moving average is $33.17. The company has a current ratio of 0.28, a quick ratio of 0.29 and a debt-to-equity ratio of 0.31. The stock has a market cap of $9.34 billion, a price-to-earnings ratio of 12.70 and a beta of 0.84.

Old Republic International Announces Dividend

The company also recently declared 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 dividend payout ratio is presently 36.55%.

Wall Street Analyst Weigh In

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

Old Republic International Company 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.