Los Angeles Capital Management LLC Decreases Stock Position in Old Republic International Co. (NYSE:ORI)

Los Angeles Capital Management LLC decreased its stake in shares of Old Republic International Co. (NYSE:ORI) by 93.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,435 shares of the insurance provider’s stock after selling 300,701 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Old Republic International were worth $795,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

Separately, Piper Sandler increased their target price 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 Stock Performance

Shares of Old Republic International stock opened at $37.51 on Friday. The firm’s 50 day moving average is $35.55 and its two-hundred day moving average is $33.35. Old Republic International Co. has a 52 week low of $27.19 and a 52 week high of $37.78. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $9.51 billion, a P/E ratio of 12.93 and a beta of 0.84.

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.