Boston Financial Mangement LLC Sells 2,237 Shares of Old Republic International Co. (NYSE:ORI)

Boston Financial Mangement LLC reduced its stake in shares of Old Republic International Co. (NYSE:ORI) by 0.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 776,179 shares of the insurance provider’s stock after selling 2,237 shares during the period. Boston Financial Mangement LLC owned 0.30% of Old Republic International worth $27,492,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Old Republic International by 6.3% in the 1st quarter. Vanguard Group Inc. now owns 28,156,630 shares of the insurance provider’s stock worth $864,972,000 after purchasing an additional 1,661,147 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Old Republic International by 7.6% in the second quarter. Dimensional Fund Advisors LP now owns 7,542,836 shares of the insurance provider’s stock worth $233,073,000 after buying an additional 532,251 shares during the last quarter. Hamlin Capital Management LLC boosted its holdings in shares of Old Republic International by 8.0% during the 3rd quarter. Hamlin Capital Management LLC now owns 5,134,096 shares of the insurance provider’s stock worth $181,850,000 after buying an additional 379,474 shares during the period. LSV Asset Management grew its stake in Old Republic International by 14.4% in the 2nd quarter. LSV Asset Management now owns 1,838,307 shares of the insurance provider’s stock valued at $56,804,000 after buying an additional 231,600 shares during the last quarter. Finally, Raymond James & Associates raised its holdings in Old Republic International by 2.4% in the 3rd quarter. Raymond James & Associates now owns 1,072,899 shares of the insurance provider’s stock worth $38,002,000 after acquiring an additional 25,610 shares during the period. Institutional investors own 70.92% of the company’s stock.

Old Republic International Stock Up 2.6 %

Shares of ORI stock opened at $35.31 on Tuesday. The stock has a 50 day moving average of $35.37 and a 200-day moving average of $32.81. The firm has a market cap of $9.13 billion, a PE ratio of 12.17 and a beta of 0.84. The company has a quick ratio of 0.29, a current ratio of 0.64 and a debt-to-equity ratio of 0.31. Old Republic International Co. has a 12 month low of $26.90 and a 12 month high of $36.50.

Old Republic International Dividend Announcement

The business also recently declared an annual dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, September 6th were given a $1.06 dividend. The ex-dividend date was Friday, September 6th. This represents a yield of 3.05%. Old Republic International’s dividend payout ratio is 36.55%.

Wall Street Analyst Weigh In

Separately, Piper Sandler upped their price target on shares of Old Republic International from $36.00 to $37.00 and gave the company 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.