Old Republic International Co. (NYSE:ORI) Shares Sold by Moors & Cabot Inc.

Moors & Cabot Inc. lowered its stake in Old Republic International Co. (NYSE:ORI) by 3.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,530 shares of the insurance provider’s stock after selling 823 shares during the period. Moors & Cabot Inc.’s holdings in Old Republic International were worth $798,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Dimensional Fund Advisors LP grew its stake in shares of Old Republic International by 7.6% during the second quarter. Dimensional Fund Advisors LP now owns 7,542,836 shares of the insurance provider’s stock worth $233,073,000 after purchasing an additional 532,251 shares in the last quarter. Hamlin Capital Management LLC boosted its position in shares of Old Republic International by 8.0% during the 3rd quarter. Hamlin Capital Management LLC now owns 5,134,096 shares of the insurance provider’s stock worth $181,850,000 after acquiring an additional 379,474 shares in the last quarter. Lighthouse Investment Partners LLC acquired a new position in shares of Old Republic International during the 2nd quarter worth about $10,641,000. Point72 Asset Management L.P. purchased a new position in shares of Old Republic International in the 2nd quarter valued at about $7,186,000. Finally, LSV Asset Management raised its position in shares of Old Republic International by 14.4% during the 2nd quarter. LSV Asset Management now owns 1,838,307 shares of the insurance provider’s stock worth $56,804,000 after acquiring an additional 231,600 shares in the last quarter. Hedge funds and other institutional investors own 70.92% of the company’s stock.

Old Republic International Price Performance

Shares of NYSE:ORI opened at $38.60 on Friday. Old Republic International Co. has a 12 month low of $27.19 and a 12 month high of $38.65. The firm has a market capitalization of $9.79 billion, a P/E ratio of 13.18 and a beta of 0.84. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.28 and a quick ratio of 0.28. The company’s fifty day moving average price is $35.85 and its 200 day moving average price is $33.61.

Analyst Ratings Changes

Separately, Piper Sandler upped their price target on 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 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.