Alan B Lancz & Associates Inc. Decreases Stake in Old Republic International Co. (NYSE:ORI)

Alan B Lancz & Associates Inc. lessened its holdings in shares of Old Republic International Co. (NYSE:ORI) by 3.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,550 shares of the insurance provider’s stock after selling 500 shares during the period. Alan B Lancz & Associates Inc.’s holdings in Old Republic International were worth $445,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Financial Counselors Inc. raised its holdings in shares of Old Republic International by 3.8% during the 2nd quarter. Financial Counselors Inc. now owns 9,270 shares of the insurance provider’s stock worth $286,000 after acquiring an additional 340 shares during the period. Covestor Ltd increased its position in Old Republic International by 23.0% during the first quarter. Covestor Ltd now owns 1,937 shares of the insurance provider’s stock worth $59,000 after purchasing an additional 362 shares during the last quarter. CIBC Asset Management Inc raised its stake in Old Republic International by 4.9% during the second quarter. CIBC Asset Management Inc now owns 7,902 shares of the insurance provider’s stock worth $244,000 after purchasing an additional 371 shares during the period. EP Wealth Advisors LLC boosted its holdings in Old Republic International by 5.2% in the 1st quarter. EP Wealth Advisors LLC now owns 7,762 shares of the insurance provider’s stock valued at $238,000 after purchasing an additional 387 shares during the last quarter. Finally, Brown Brothers Harriman & Co. boosted its holdings in Old Republic International by 8.9% in the 2nd quarter. Brown Brothers Harriman & Co. now owns 5,235 shares of the insurance provider’s stock valued at $162,000 after purchasing an additional 430 shares during the last quarter. Hedge funds and other institutional investors own 70.92% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Piper Sandler raised their price target on shares of 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 Price Performance

NYSE:ORI opened at $36.83 on Friday. The company has a market capitalization of $9.34 billion, a P/E ratio of 12.70 and a beta of 0.84. The company has a quick ratio of 0.29, a current ratio of 0.28 and a debt-to-equity ratio of 0.31. Old Republic International Co. has a 52 week low of $27.19 and a 52 week high of $37.16. The stock’s fifty day moving average is $35.42 and its two-hundred day moving average is $33.17.

Old Republic International Dividend Announcement

The business also recently announced 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 was Friday, September 6th. This represents a yield of 3.05%. Old Republic International’s payout ratio is currently 36.55%.

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.