Old Republic International Co. (NYSE:ORI) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC cut its position in Old Republic International Co. (NYSE:ORI - Free Report) by 83.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,663 shares of the insurance provider's stock after selling 18,032 shares during the period. SG Americas Securities LLC's holdings in Old Republic International were worth $130,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of ORI. Versant Capital Management Inc boosted 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 in the last quarter. Mather Group LLC. grew 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 valued at $27,000 after buying an additional 597 shares during the last quarter. Innealta Capital LLC acquired a new stake in Old Republic International during the 2nd quarter worth $30,000. Covestor Ltd lifted its position in Old Republic International by 23.0% in the first quarter. Covestor Ltd now owns 1,937 shares of the insurance provider's stock valued at $59,000 after acquiring an additional 362 shares during the last quarter. Finally, HHM Wealth Advisors LLC acquired a new position in Old Republic International in the second quarter valued at $65,000. 70.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Old Republic International Stock Performance

NYSE ORI traded down $0.53 during trading on Friday, reaching $34.40. The company's stock had a trading volume of 1,187,595 shares, compared to its average volume of 1,443,036. Old Republic International Co. has a twelve month low of $26.81 and a twelve month high of $36.50. The firm has a market cap of $8.89 billion, a price-to-earnings ratio of 14.45 and a beta of 0.84. The business's fifty day moving average price is $35.36 and its 200-day moving average price is $32.75. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.29 and a current ratio of 0.29.

Old Republic International (NYSE:ORI - Get Free Report) last posted its quarterly earnings data on Thursday, July 25th. The insurance provider reported $0.76 EPS for the quarter, beating the consensus estimate of $0.61 by $0.15. Old Republic International had a return on equity of 12.57% and a net margin of 8.59%. The firm had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.92 billion. During the same period in the prior year, the business earned $0.62 EPS. As a group, analysts anticipate that Old Republic International Co. will post 2.83 EPS for the current fiscal year.

Old Republic International Dividend Announcement

The firm also recently disclosed an annual dividend, which was paid on Monday, September 16th. Investors of record on Friday, September 6th were issued a dividend of $1.06 per share. This represents a yield of 3.05%. The ex-dividend date of this dividend was Friday, September 6th. Old Republic International's dividend payout ratio is presently 44.54%.

About Old Republic International

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.