Old Republic International Co. (NYSE:ORI) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. cut its stake in shares of Old Republic International Co. (NYSE:ORI) by 34.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 551,295 shares of the insurance provider’s stock after selling 290,492 shares during the quarter. Principal Financial Group Inc. owned 0.21% of Old Republic International worth $19,527,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of ORI. BNP Paribas Financial Markets boosted its position in shares of Old Republic International by 47.1% in the first quarter. BNP Paribas Financial Markets now owns 43,719 shares of the insurance provider’s stock worth $1,343,000 after buying an additional 14,002 shares during the period. Sei Investments Co. increased its stake in Old Republic International by 13.1% in the 1st quarter. Sei Investments Co. now owns 73,334 shares of the insurance provider’s stock valued at $2,253,000 after buying an additional 8,485 shares during the period. State Board of Administration of Florida Retirement System lifted its position in Old Republic International by 6.3% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 254,067 shares of the insurance provider’s stock worth $7,805,000 after buying an additional 15,019 shares in the last quarter. Kingsview Wealth Management LLC acquired a new stake in shares of Old Republic International during the 1st quarter valued at $1,684,000. Finally, Blair William & Co. IL grew its holdings in shares of Old Republic International by 42.7% during the 1st quarter. Blair William & Co. IL now owns 37,805 shares of the insurance provider’s stock valued at $1,161,000 after acquiring an additional 11,321 shares in the last quarter. 70.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Piper Sandler raised 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 report on Monday, October 21st.

Old Republic International Price Performance

NYSE ORI opened at $37.33 on Friday. The company has a market cap of $9.47 billion, a P/E ratio of 12.88 and a beta of 0.84. Old Republic International Co. has a 1 year low of $27.19 and a 1 year high of $37.78. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.31. The company has a fifty day simple moving average of $35.51 and a 200 day simple moving average of $33.32.

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.