Covestor Ltd Sells 914 Shares of Old Republic International Co. (NYSE:ORI)

Covestor Ltd reduced its holdings in shares of Old Republic International Co. (NYSE:ORI) by 54.4% in the third quarter, HoldingsChannel.com reports. The fund owned 767 shares of the insurance provider’s stock after selling 914 shares during the quarter. Covestor Ltd’s holdings in Old Republic International were worth $27,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Financial Counselors Inc. boosted its stake in shares of Old Republic International by 3.8% in the 2nd quarter. Financial Counselors Inc. now owns 9,270 shares of the insurance provider’s stock worth $286,000 after buying an additional 340 shares during the last quarter. CIBC Asset Management Inc increased its position in shares of 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 valued at $244,000 after acquiring an additional 371 shares in the last quarter. EP Wealth Advisors LLC lifted its holdings in Old Republic International by 5.2% in the first quarter. EP Wealth Advisors LLC now owns 7,762 shares of the insurance provider’s stock valued at $238,000 after acquiring an additional 387 shares during the period. Brown Brothers Harriman & Co. increased its holdings in Old Republic International by 8.9% in the 2nd quarter. Brown Brothers Harriman & Co. now owns 5,235 shares of the insurance provider’s stock worth $162,000 after acquiring an additional 430 shares in the last quarter. Finally, Allworth Financial LP increased its holdings in Old Republic International by 161.9% in the 3rd quarter. Allworth Financial LP now owns 728 shares of the insurance provider’s stock worth $26,000 after acquiring an additional 450 shares in the last quarter. 70.92% of the stock is owned by institutional investors.

Old Republic International Trading Up 0.5 %

Shares of NYSE:ORI opened at $37.51 on Friday. The company has a market capitalization of $9.51 billion, a PE ratio of 12.93 and a beta of 0.84. Old Republic International Co. has a 12-month low of $27.19 and a 12-month high of $37.78. The business has a 50 day moving average of $35.55 and a two-hundred day moving average of $33.35. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.31.

Wall Street Analyst Weigh In

Separately, Piper Sandler raised their price target on Old Republic International from $36.00 to $37.00 and gave the stock an “overweight” rating in a research report 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.