Janney Montgomery Scott LLC Reduces Stock Holdings in Old Republic International Co. (NYSE:ORI)

Janney Montgomery Scott LLC lessened its holdings in Old Republic International Co. (NYSE:ORI) by 1.5% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 96,418 shares of the insurance provider’s stock after selling 1,422 shares during the period. Janney Montgomery Scott LLC’s holdings in Old Republic International were worth $3,415,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Allworth Financial LP increased its holdings in Old Republic International by 161.9% during the third quarter. Allworth Financial LP now owns 728 shares of the insurance provider’s stock valued at $26,000 after buying an additional 450 shares during the last quarter. V Square Quantitative Management LLC purchased a new stake in Old Republic International in the 3rd quarter worth approximately $31,000. Versant Capital Management Inc raised its position in shares of Old Republic International by 555.6% during 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 period. Mather Group LLC. lifted its position 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 acquiring an additional 597 shares in the last quarter. Finally, Innealta Capital LLC purchased a new position in Old Republic International in the 2nd quarter worth approximately $30,000. Institutional investors own 70.92% of the company’s stock.

Analyst Ratings Changes

Separately, Piper Sandler increased their price objective on shares of 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 Up 1.4 %

Shares of NYSE:ORI opened at $36.83 on Monday. The company has a 50-day moving average price of $35.42 and a 200 day moving average price of $33.19. The company has a current ratio of 0.28, a quick ratio of 0.29 and a debt-to-equity ratio of 0.31. Old Republic International Co. has a 12 month low of $27.19 and a 12 month high of $37.16. The company has a market cap of $9.34 billion, a price-to-earnings ratio of 12.70 and a beta of 0.84.

Old Republic International Dividend Announcement

The business also recently announced an annual dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, September 6th were given a dividend of $1.06 per share. This represents a dividend yield of 3.05%. The ex-dividend date was Friday, September 6th. Old Republic International’s dividend 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.