Cozad Asset Management Inc. Sells 34,738 Shares of Old Republic International Co. (NYSE:ORI)

Cozad Asset Management Inc. reduced its holdings in shares of Old Republic International Co. (NYSE:ORI) by 40.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 50,406 shares of the insurance provider’s stock after selling 34,738 shares during the period. Cozad Asset Management Inc.’s holdings in Old Republic International were worth $1,785,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Allworth Financial LP boosted 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 in the last quarter. Versant Capital Management Inc boosted its stake in Old Republic International by 555.6% in the 2nd quarter. Versant Capital Management Inc now owns 885 shares of the insurance provider’s stock valued at $27,000 after buying an additional 750 shares in the last quarter. Mather Group LLC. grew its position in Old Republic International by 201.0% in the second quarter. Mather Group LLC. now owns 894 shares of the insurance provider’s stock valued at $27,000 after acquiring an additional 597 shares during the period. Innealta Capital LLC acquired a new position in Old Republic International during the second quarter worth $30,000. Finally, V Square Quantitative Management LLC bought a new position in shares of Old Republic International during the third quarter valued at $31,000. Institutional investors and hedge funds own 70.92% of the company’s stock.

Old Republic International Stock Performance

NYSE:ORI opened at $36.34 on Friday. The stock has a market capitalization of $9.21 billion, a P/E ratio of 12.53 and a beta of 0.84. Old Republic International Co. has a 1 year low of $27.19 and a 1 year high of $37.06. The firm has a 50 day moving average of $35.40 and a 200-day moving average of $33.10. 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 Dividend Announcement

The firm also recently announced an annual dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, September 6th were paid a $1.06 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a dividend yield of 3.05%. Old Republic International’s dividend payout ratio (DPR) is presently 36.55%.

Analysts Set New Price Targets

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

About Old Republic International

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.