Eagle Asset Management Inc. Trims Position in Old Republic International Co. (NYSE:ORI)

Eagle Asset Management Inc. trimmed its position in Old Republic International Co. (NYSE:ORI) by 14.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 54,095 shares of the insurance provider’s stock after selling 9,279 shares during the period. Eagle Asset Management Inc.’s holdings in Old Republic International were worth $1,992,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Financial Counselors Inc. boosted its holdings in shares of Old Republic International by 3.8% in the second 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 boosted its stake in shares of Old Republic International by 4.9% during the 2nd quarter. CIBC Asset Management Inc now owns 7,902 shares of the insurance provider’s stock worth $244,000 after acquiring an additional 371 shares during the last quarter. Brown Brothers Harriman & Co. grew its position in shares of Old Republic International by 8.9% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 5,235 shares of the insurance provider’s stock valued at $162,000 after acquiring an additional 430 shares during the period. Allworth Financial LP increased its stake in shares of 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 purchasing an additional 450 shares in the last quarter. Finally, Klein Pavlis & Peasley Financial Inc. raised its holdings in Old Republic International by 2.2% in the 2nd quarter. Klein Pavlis & Peasley Financial Inc. now owns 22,568 shares of the insurance provider’s stock worth $697,000 after purchasing an additional 481 shares during the period. 70.92% of the stock is currently owned by institutional investors.

Old Republic International Price Performance

NYSE ORI opened at $38.79 on Tuesday. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.31. Old Republic International Co. has a 12 month low of $27.19 and a 12 month high of $39.09. The stock has a market cap of $9.84 billion, a price-to-earnings ratio of 13.43 and a beta of 0.84. The company’s 50 day moving average is $35.92 and its two-hundred day moving average is $33.70.

Wall Street Analyst Weigh In

Separately, Piper Sandler boosted their price target on 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 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.