Old Republic International Co. (NYSE:ORI) Shares Sold by Moors & Cabot Inc.

Moors & Cabot Inc. trimmed its holdings in Old Republic International Co. (NYSE:ORI) by 3.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,530 shares of the insurance provider’s stock after selling 823 shares during the quarter. Moors & Cabot Inc.’s holdings in Old Republic International were worth $798,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Allworth Financial LP grew its position in Old Republic International by 161.9% during the 3rd quarter. Allworth Financial LP now owns 728 shares of the insurance provider’s stock worth $26,000 after purchasing an additional 450 shares during the last quarter. Versant Capital Management Inc grew its stake in shares of 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 purchasing an additional 750 shares during the last quarter. Mather Group LLC. increased its holdings in shares of 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 purchasing an additional 597 shares during the period. Innealta Capital LLC purchased a new stake in shares of Old Republic International during the second quarter worth approximately $30,000. Finally, V Square Quantitative Management LLC acquired a new stake in shares of Old Republic International during the third quarter worth $31,000. Hedge funds and other institutional investors own 70.92% of the company’s stock.

Old Republic International Price Performance

Shares of NYSE:ORI opened at $38.60 on Friday. Old Republic International Co. has a 52 week low of $27.19 and a 52 week high of $38.65. The company has a 50-day moving average price of $35.85 and a 200 day moving average price of $33.61. The company has a market cap of $9.79 billion, a P/E ratio of 13.18 and a beta of 0.84. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.31.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler boosted their price objective 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 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.