Janney Montgomery Scott LLC Sells 1,422 Shares of Old Republic International Co. (NYSE:ORI)

Janney Montgomery Scott LLC reduced its stake in Old Republic International Co. (NYSE:ORI) by 1.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 96,418 shares of the insurance provider’s stock after selling 1,422 shares during the period. Janney Montgomery Scott LLC’s holdings in Old Republic International were worth $3,415,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Private Advisor Group LLC boosted its position in shares of Old Republic International by 13.2% in the 1st quarter. Private Advisor Group LLC now owns 21,000 shares of the insurance provider’s stock worth $645,000 after purchasing an additional 2,446 shares in the last quarter. BNP Paribas Financial Markets grew its stake in shares of Old Republic International by 47.1% in the first quarter. BNP Paribas Financial Markets now owns 43,719 shares of the insurance provider’s stock worth $1,343,000 after acquiring an additional 14,002 shares during the last quarter. Sei Investments Co. raised its position in shares of Old Republic International by 13.1% in the 1st quarter. Sei Investments Co. now owns 73,334 shares of the insurance provider’s stock worth $2,253,000 after purchasing an additional 8,485 shares during the last quarter. Inspire Investing LLC increased its stake in Old Republic International by 17.6% during the 1st quarter. Inspire Investing LLC now owns 53,600 shares of the insurance provider’s stock valued at $1,647,000 after purchasing an additional 8,040 shares in the last quarter. Finally, Headlands Technologies LLC increased its stake in Old Republic International by 60.5% during the 1st quarter. Headlands Technologies LLC now owns 4,058 shares of the insurance provider’s stock valued at $125,000 after purchasing an additional 1,529 shares in the last quarter. 70.92% of the stock is currently owned by institutional investors.

Old Republic International Trading Up 1.4 %

Old Republic International stock opened at $36.83 on Monday. Old Republic International Co. has a one year low of $27.19 and a one year high of $37.16. The business’s fifty day moving average is $35.42 and its 200 day moving average is $33.19. The stock has a market capitalization of $9.34 billion, a PE ratio of 12.70 and a beta of 0.84. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.28 and a quick ratio of 0.29.

Old Republic International Dividend Announcement

The business also recently declared 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 was Friday, September 6th. This represents a dividend yield of 3.05%. Old Republic International’s dividend payout ratio is presently 36.55%.

Analyst Upgrades and Downgrades

Separately, Piper Sandler increased 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.