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

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

A number of other large investors have also added to or reduced their stakes in ORI. Allworth Financial LP raised its position in Old Republic International by 161.9% during the third quarter. Allworth Financial LP now owns 728 shares of the insurance provider's stock valued at $26,000 after purchasing an additional 450 shares in the last quarter. Versant Capital Management Inc increased its position in shares of Old Republic International by 555.6% during the second quarter. Versant Capital Management Inc now owns 885 shares of the insurance provider's stock worth $27,000 after buying an additional 750 shares during the period. Mather Group LLC. raised its position in shares of Old Republic International by 201.0% in the 2nd quarter. Mather Group LLC. now owns 894 shares of the insurance provider's stock worth $27,000 after acquiring an additional 597 shares in the last quarter. Innealta Capital LLC bought a new stake in Old Republic International in the second quarter worth approximately $30,000. Finally, V Square Quantitative Management LLC acquired a new position in shares of Old Republic International during the 3rd quarter valued at $31,000. Institutional investors and hedge funds own 70.92% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler increased their price target on Old Republic International from $36.00 to $37.00 and gave the stock an "overweight" rating in a report on Monday, October 21st.

Old Republic International Stock Up 0.5 %

NYSE ORI traded up $0.18 on Friday, reaching $37.51. The company had a trading volume of 1,264,498 shares, compared to its average volume of 1,425,754. Old Republic International Co. has a 52-week low of $27.19 and a 52-week high of $37.78. The stock has a market capitalization of $9.51 billion, a P/E ratio of 12.93 and a beta of 0.84. The company's fifty day moving average is $35.60 and its 200 day moving average is $33.40. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.31.

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.