PSI Advisors LLC Trims Stock Position in Old Republic International Co. (NYSE:ORI)

PSI Advisors LLC decreased its holdings in Old Republic International Co. (NYSE:ORI) by 39.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 924 shares of the insurance provider’s stock after selling 610 shares during the quarter. PSI Advisors LLC’s holdings in Old Republic International were worth $33,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC boosted its stake in shares of Old Republic International by 0.4% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 83,723 shares of the insurance provider’s stock worth $2,965,000 after acquiring an additional 315 shares during the last quarter. Raymond James Trust N.A. raised its holdings in Old Republic International by 1.8% in the 3rd quarter. Raymond James Trust N.A. now owns 24,816 shares of the insurance provider’s stock worth $879,000 after purchasing an additional 429 shares during the period. Brown Brothers Harriman & Co. lifted its position in Old Republic International by 8.9% during the second quarter. Brown Brothers Harriman & Co. now owns 5,235 shares of the insurance provider’s stock valued at $162,000 after purchasing an additional 430 shares in the last quarter. Allworth Financial LP grew its holdings in Old Republic International by 161.9% during the third quarter. Allworth Financial LP now owns 728 shares of the insurance provider’s stock valued at $26,000 after purchasing an additional 450 shares during the period. Finally, Stifel Financial Corp increased its position in Old Republic International by 1.4% in the third quarter. Stifel Financial Corp now owns 34,906 shares of the insurance provider’s stock worth $1,236,000 after buying an additional 495 shares in the last quarter. 70.92% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Old Republic International Stock Performance

ORI opened at $34.56 on Wednesday. The firm has a market cap of $8.76 billion, a P/E ratio of 11.92 and a beta of 0.88. Old Republic International Co. has a 1-year low of $27.19 and a 1-year high of $39.27. The company has a 50 day simple moving average of $36.72 and a two-hundred day simple moving average of $35.13. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.28 and a quick ratio of 0.28.

Old Republic International Announces Dividend

The firm also recently declared a special dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, January 3rd will be paid a $2.00 dividend. The ex-dividend date of this dividend is Friday, January 3rd. Old Republic International’s payout ratio is presently 36.55%.

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.