Moloney Securities Asset Management LLC Decreases Stake in Old Republic International Co. (NYSE:ORI)

Moloney Securities Asset Management LLC decreased its holdings in shares of Old Republic International Co. (NYSE:ORI) by 5.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,608 shares of the insurance provider’s stock after selling 717 shares during the quarter. Moloney Securities Asset Management LLC’s holdings in Old Republic International were worth $482,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Financial Counselors Inc. lifted its stake in Old Republic International by 3.8% during the second quarter. Financial Counselors Inc. now owns 9,270 shares of the insurance provider’s stock worth $286,000 after purchasing an additional 340 shares during the last quarter. Covestor Ltd lifted its stake in Old Republic International by 23.0% during the first quarter. Covestor Ltd now owns 1,937 shares of the insurance provider’s stock worth $59,000 after purchasing an additional 362 shares during the last quarter. CIBC Asset Management Inc lifted its stake in Old Republic International by 4.9% during the second quarter. CIBC Asset Management Inc now owns 7,902 shares of the insurance provider’s stock worth $244,000 after purchasing an additional 371 shares during the last quarter. EP Wealth Advisors LLC lifted its stake in Old Republic International by 5.2% during the first quarter. EP Wealth Advisors LLC now owns 7,762 shares of the insurance provider’s stock worth $238,000 after purchasing an additional 387 shares during the last quarter. Finally, Brown Brothers Harriman & Co. lifted its stake in Old Republic International by 8.9% in the second quarter. Brown Brothers Harriman & Co. now owns 5,235 shares of the insurance provider’s stock valued at $162,000 after buying an additional 430 shares during the last quarter. Hedge funds and other institutional investors own 70.92% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Old Republic International Price Performance

Shares of NYSE ORI opened at $36.71 on Thursday. The company has a current ratio of 0.28, a quick ratio of 0.29 and a debt-to-equity ratio of 0.31. Old Republic International Co. has a twelve month low of $27.19 and a twelve month high of $37.06. The stock has a 50 day moving average of $35.39 and a two-hundred day moving average of $33.08. The stock has a market cap of $9.31 billion, a P/E ratio of 12.66 and a beta of 0.84.

Old Republic International Dividend Announcement

The company also recently disclosed an annual dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, September 6th were paid a $1.06 dividend. This represents a yield of 3.05%. The ex-dividend date was Friday, September 6th. Old Republic International’s dividend payout ratio is currently 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.