Catalyst Financial Partners LLC Sells 16,075 Shares of Old Republic International Co. (NYSE:ORI)

Catalyst Financial Partners LLC trimmed its holdings in Old Republic International Co. (NYSE:ORI - Free Report) by 24.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 50,507 shares of the insurance provider's stock after selling 16,075 shares during the period. Catalyst Financial Partners LLC's holdings in Old Republic International were worth $1,789,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of ORI. Vanguard Group Inc. raised its position in shares of Old Republic International by 6.3% in the first quarter. Vanguard Group Inc. now owns 28,156,630 shares of the insurance provider's stock valued at $864,972,000 after purchasing an additional 1,661,147 shares during the period. Dimensional Fund Advisors LP lifted its position 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 during the last quarter. Hamlin Capital Management LLC boosted its holdings in Old Republic International by 8.0% during the third quarter. Hamlin Capital Management LLC now owns 5,134,096 shares of the insurance provider's stock valued at $181,850,000 after acquiring an additional 379,474 shares during the period. Lighthouse Investment Partners LLC acquired a new stake in shares of Old Republic International in the second quarter valued at about $10,641,000. Finally, Point72 Asset Management L.P. bought a new position in shares of Old Republic International in the second quarter worth about $7,186,000. Institutional investors and hedge funds own 70.92% of the company's stock.

Old Republic International Stock Performance

Old Republic International stock traded down $0.19 during mid-day trading on Thursday, reaching $35.10. The company had a trading volume of 569,882 shares, compared to its average volume of 1,437,342. The company has a 50 day moving average of $35.39 and a 200-day moving average of $32.87. Old Republic International Co. has a 52 week low of $27.18 and a 52 week high of $36.50. The company has a quick ratio of 0.29, a current ratio of 0.64 and a debt-to-equity ratio of 0.31. The firm has a market cap of $9.07 billion, a price-to-earnings ratio of 12.17 and a beta of 0.84.

Old Republic International Announces Dividend

The company also recently disclosed an annual dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, September 6th were given a $1.06 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a dividend yield of 3.05%. Old Republic International's dividend payout ratio is currently 36.55%.

Analyst Ratings Changes

Separately, Piper Sandler raised 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 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.