Old Republic International Co. (NYSE:ORI) Shares Sold by Catalyst Financial Partners LLC

Catalyst Financial Partners LLC lowered its position in shares of Old Republic International Co. (NYSE:ORI) by 24.1% in the third quarter, Holdings Channel reports. The institutional investor owned 50,507 shares of the insurance provider’s stock after selling 16,075 shares during the quarter. Catalyst Financial Partners LLC’s holdings in Old Republic International were worth $1,789,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in ORI. Allworth Financial LP grew its position in Old Republic International by 161.9% in the third quarter. Allworth Financial LP now owns 728 shares of the insurance provider’s stock worth $26,000 after acquiring an additional 450 shares during the period. V Square Quantitative Management LLC acquired a new stake in shares of Old Republic International during the 3rd quarter worth about $31,000. Versant Capital Management Inc raised its holdings in Old Republic International by 555.6% in the 2nd quarter. Versant Capital Management Inc now owns 885 shares of the insurance provider’s stock valued at $27,000 after buying an additional 750 shares during the period. Mather Group LLC. lifted its position in Old Republic International by 201.0% in the second 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. Finally, Innealta Capital LLC purchased a new position in Old Republic International during the second quarter worth about $30,000. Institutional investors and hedge funds own 70.92% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Piper Sandler boosted their price target on shares of Old Republic International from $36.00 to $37.00 and gave the company an “overweight” rating in a research note on Monday, October 21st.

Old Republic International Stock Up 0.4 %

NYSE:ORI opened at $35.29 on Thursday. 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 stock’s fifty day moving average is $35.39 and its two-hundred day moving average is $32.87. The stock has a market capitalization of $9.12 billion, a price-to-earnings ratio of 12.17 and a beta of 0.84.

Old Republic International Dividend Announcement

The company also recently announced 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 (DPR) is 36.55%.

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.