Old Republic International Co. (NYSE:ORI) Shares Sold by State Street Corp

State Street Corp cut its holdings in Old Republic International Co. (NYSE:ORI - Free Report) by 5.9% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,702,398 shares of the insurance provider's stock after selling 735,233 shares during the period. State Street Corp owned about 4.62% of Old Republic International worth $414,499,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP raised its holdings in shares of Old Republic International by 7.6% in the second 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 raised its stake in Old Republic International by 8.0% in the 3rd quarter. Hamlin Capital Management LLC now owns 5,134,096 shares of the insurance provider's stock valued at $181,850,000 after purchasing an additional 379,474 shares during the last quarter. LSV Asset Management lifted its holdings in Old Republic International by 14.4% in the 2nd quarter. LSV Asset Management now owns 1,838,307 shares of the insurance provider's stock valued at $56,804,000 after purchasing an additional 231,600 shares in the last quarter. Raymond James & Associates boosted its stake in shares of Old Republic International by 2.4% during the 3rd quarter. Raymond James & Associates now owns 1,072,899 shares of the insurance provider's stock worth $38,002,000 after purchasing an additional 25,610 shares during the last quarter. Finally, ProShare Advisors LLC grew its holdings in shares of Old Republic International by 4.4% during the second quarter. ProShare Advisors LLC now owns 1,033,320 shares of the insurance provider's stock worth $31,930,000 after buying an additional 43,458 shares in the last quarter. 70.92% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Piper Sandler raised their target price on shares of 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 Trading Down 3.1 %

Shares of NYSE:ORI traded down $1.15 during midday trading on Tuesday, reaching $35.98. The company's stock had a trading volume of 1,158,430 shares, compared to its average volume of 1,394,254. The business has a 50 day moving average price of $36.58 and a 200 day moving average price of $34.23. Old Republic International Co. has a 1 year low of $27.19 and a 1 year high of $39.27. The firm has a market cap of $9.12 billion, a price-to-earnings ratio of 12.54 and a beta of 0.86. 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, December 6th will be paid a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a dividend yield of 2.95%. The ex-dividend date is Friday, December 6th. Old Republic International's dividend payout ratio is currently 36.55%.

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.