Old Republic International Co. (NYSE:ORI) Shares Sold by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. lowered its position in Old Republic International Co. (NYSE:ORI) by 32.4% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 9,857 shares of the insurance provider’s stock after selling 4,724 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Old Republic International were worth $349,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Allworth Financial LP increased its position in shares of 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 acquiring an additional 450 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Old Republic International during the 3rd quarter valued at approximately $28,000. Innealta Capital LLC acquired a new stake in shares of Old Republic International during the second quarter worth approximately $30,000. V Square Quantitative Management LLC bought a new stake in shares of Old Republic International in the third quarter worth $31,000. Finally, FSA Wealth Management LLC acquired a new stake in Old Republic International in the third quarter valued at $41,000. 70.92% of the stock is owned by hedge funds and other institutional investors.

Old Republic International Trading Up 1.1 %

Shares of NYSE ORI opened at $36.09 on Friday. The stock has a market capitalization of $9.15 billion, a P/E ratio of 12.44 and a beta of 0.86. The stock’s 50 day moving average price is $36.77 and its two-hundred day moving average price is $34.49. 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 52-week low of $27.19 and a 52-week high of $39.27.

Old Republic International Announces Dividend

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

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 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.