Insight Wealth Strategies LLC Cuts Stock Position in Old Republic International Co. (NYSE:ORI)

Insight Wealth Strategies LLC decreased its position in shares of Old Republic International Co. (NYSE:ORI) by 4.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 66,796 shares of the insurance provider’s stock after selling 3,256 shares during the period. Insight Wealth Strategies LLC’s holdings in Old Republic International were worth $2,417,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ORI. CWA Asset Management Group LLC purchased a new position in shares of Old Republic International in the fourth quarter valued at approximately $1,499,000. Nordea Investment Management AB lifted its holdings in Old Republic International by 4.3% during the 4th quarter. Nordea Investment Management AB now owns 467,282 shares of the insurance provider’s stock worth $16,906,000 after buying an additional 19,119 shares in the last quarter. GAMMA Investing LLC boosted its position in Old Republic International by 17.3% in the 4th quarter. GAMMA Investing LLC now owns 4,479 shares of the insurance provider’s stock valued at $162,000 after buying an additional 661 shares during the period. Versant Capital Management Inc boosted its position in Old Republic International by 57.6% in the 4th quarter. Versant Capital Management Inc now owns 1,499 shares of the insurance provider’s stock valued at $54,000 after buying an additional 548 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in shares of Old Republic International by 5.3% in the third quarter. JPMorgan Chase & Co. now owns 851,492 shares of the insurance provider’s stock worth $30,160,000 after acquiring an additional 42,934 shares in the last quarter. 70.92% of the stock is currently owned by hedge funds and other institutional investors.

Old Republic International Stock Down 0.3 %

Shares of ORI traded down $0.11 during midday trading on Monday, reaching $34.27. The stock had a trading volume of 815,279 shares, compared to its average volume of 1,109,957. The company has a market cap of $8.69 billion, a price-to-earnings ratio of 11.82 and a beta of 0.88. The company’s fifty day simple moving average is $36.84 and its two-hundred day simple moving average is $34.93. Old Republic International Co. has a 1-year low of $27.19 and a 1-year high of $39.27. 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 business also recently disclosed a special dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, January 3rd will be given 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 is presently 36.55%.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler boosted their target price on 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 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.