Principal Financial Group Inc. Decreases Position in Old Republic International Co. (NYSE:ORI)

Principal Financial Group Inc. cut its holdings in Old Republic International Co. (NYSE:ORI - Free Report) by 34.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 551,295 shares of the insurance provider's stock after selling 290,492 shares during the quarter. Principal Financial Group Inc. owned about 0.21% of Old Republic International worth $19,527,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. BNP Paribas Financial Markets lifted its holdings in shares of Old Republic International by 47.1% during the first quarter. BNP Paribas Financial Markets now owns 43,719 shares of the insurance provider's stock worth $1,343,000 after purchasing an additional 14,002 shares during the period. Sei Investments Co. increased its stake in shares of Old Republic International by 13.1% in the first quarter. Sei Investments Co. now owns 73,334 shares of the insurance provider's stock worth $2,253,000 after acquiring an additional 8,485 shares during the period. State Board of Administration of Florida Retirement System raised its holdings in shares of Old Republic International by 6.3% during the first quarter. State Board of Administration of Florida Retirement System now owns 254,067 shares of the insurance provider's stock worth $7,805,000 after purchasing an additional 15,019 shares during the last quarter. Kingsview Wealth Management LLC acquired a new position in Old Republic International during the first quarter valued at $1,684,000. Finally, Blair William & Co. IL lifted its position in Old Republic International by 42.7% during the first quarter. Blair William & Co. IL now owns 37,805 shares of the insurance provider's stock valued at $1,161,000 after purchasing an additional 11,321 shares during the period. Institutional investors and hedge funds own 70.92% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Piper Sandler boosted their price target 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

ORI traded up $0.10 on Friday, reaching $37.43. The company had a trading volume of 256,769 shares, compared to its average volume of 1,421,214. The stock has a market capitalization of $9.49 billion, a PE ratio of 12.95 and a beta of 0.84. Old Republic International Co. has a 1 year low of $27.19 and a 1 year high of $37.78. The stock has a 50-day moving average price of $35.51 and a 200-day moving average price of $33.32. 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 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.