Tidal Investments LLC Decreases Holdings in Old Republic International Co. (NYSE:ORI)

Tidal Investments LLC reduced its position in Old Republic International Co. (NYSE:ORI) by 11.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,902 shares of the insurance provider’s stock after selling 8,299 shares during the period. Tidal Investments LLC’s holdings in Old Republic International were worth $2,228,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Allworth Financial LP increased its position in shares of Old Republic International by 161.9% in the third 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 in the 3rd quarter valued at about $28,000. Innealta Capital LLC purchased a new position in Old Republic International during the 2nd quarter valued at about $30,000. V Square Quantitative Management LLC acquired a new position in Old Republic International during the third quarter worth about $31,000. Finally, FSA Wealth Management LLC purchased a new stake in shares of Old Republic International in the third quarter valued at about $41,000. 70.92% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Piper Sandler raised their price objective 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 Stock Performance

NYSE ORI opened at $37.51 on Tuesday. 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 fifty-two week low of $27.19 and a fifty-two week high of $39.27. The business has a fifty day moving average of $36.65 and a 200-day moving average of $34.37. The stock has a market cap of $9.51 billion, a price-to-earnings ratio of 12.93 and a beta of 0.86.

Old Republic International Announces Dividend

The company also recently announced a special dividend, which will be paid on Wednesday, January 15th. Investors 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 payout ratio is 36.55%.

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.