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

Insight Wealth Strategies LLC reduced its position in shares of Old Republic International Co. (NYSE:ORI) by 4.6% in 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 have also made changes to their positions in the company. Dimensional Fund Advisors LP lifted its stake in Old Republic International by 7.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 7,542,836 shares of the insurance provider’s stock worth $233,073,000 after purchasing an additional 532,251 shares in the last quarter. Hamlin Capital Management LLC lifted its position in Old Republic International by 8.0% during the third 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 in the last quarter. Point72 Asset Management L.P. boosted its stake in Old Republic International by 162.4% during the third quarter. Point72 Asset Management L.P. now owns 610,150 shares of the insurance provider’s stock worth $21,612,000 after buying an additional 377,605 shares during the last quarter. Lighthouse Investment Partners LLC purchased a new stake in Old Republic International in the 2nd quarter valued at $10,641,000. Finally, LSV Asset Management increased its stake in shares of 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 worth $56,804,000 after acquiring an additional 231,600 shares during the last quarter. Institutional investors and hedge funds own 70.92% of the company’s stock.

Old Republic International Trading Down 0.3 %

ORI traded down $0.11 during trading hours on Monday, reaching $34.27. The company’s stock had a trading volume of 815,279 shares, compared to its average volume of 1,109,957. The stock has a market cap of $8.69 billion, a PE ratio of 11.82 and a beta of 0.88. Old Republic International Co. has a fifty-two week low of $27.19 and a fifty-two week 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. The business’s 50-day moving average is $36.84 and its 200-day moving average is $34.93.

Old Republic International Dividend Announcement

The business also recently declared a special dividend, which will be paid on Wednesday, January 15th. Shareholders 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%.

Analyst Ratings Changes

Separately, Piper Sandler upped their price objective 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.