Old Republic International Co. (NYSE:ORI) Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC reduced its holdings in shares of Old Republic International Co. (NYSE:ORI - Free Report) by 29.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 71,104 shares of the insurance provider's stock after selling 29,741 shares during the quarter. Intech Investment Management LLC's holdings in Old Republic International were worth $2,519,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Allworth Financial LP grew its holdings in shares of Old Republic International by 161.9% during the third quarter. Allworth Financial LP now owns 728 shares of the insurance provider's stock worth $26,000 after buying an additional 450 shares in the last quarter. V Square Quantitative Management LLC purchased a new stake in shares of Old Republic International during the third quarter worth about $31,000. Versant Capital Management Inc grew its holdings in Old Republic International by 555.6% in the second quarter. Versant Capital Management Inc now owns 885 shares of the insurance provider's stock valued at $27,000 after purchasing an additional 750 shares during the period. Mather Group LLC. grew its holdings in Old Republic International by 201.0% in the second quarter. Mather Group LLC. now owns 894 shares of the insurance provider's stock valued at $27,000 after purchasing an additional 597 shares during the period. Finally, Innealta Capital LLC purchased a new stake in Old Republic International in the second quarter valued at approximately $30,000. 70.92% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler boosted their target price 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 Trading Up 0.5 %

ORI stock traded up $0.19 during midday trading on Monday, reaching $38.79. 1,933,113 shares of the company's stock traded hands, compared to its average volume of 1,418,781. The company has a market capitalization of $9.84 billion, a P/E ratio of 13.43 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 0.28. Old Republic International Co. has a fifty-two week low of $27.19 and a fifty-two week high of $39.09. The business has a 50-day moving average price of $35.92 and a two-hundred day moving average price of $33.70.

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.