Mutual of America Capital Management LLC Decreases Stake in Old Republic International Co. (NYSE:ORI)

Mutual of America Capital Management LLC lowered its stake in Old Republic International Co. (NYSE:ORIFree Report) by 12.8% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 172,349 shares of the insurance provider’s stock after selling 25,348 shares during the quarter. Mutual of America Capital Management LLC owned 0.06% of Old Republic International worth $4,643,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. American Century Companies Inc. boosted its stake in Old Republic International by 58.9% during the 1st quarter. American Century Companies Inc. now owns 56,825 shares of the insurance provider’s stock worth $1,471,000 after purchasing an additional 21,064 shares during the last quarter. HighTower Advisors LLC boosted its stake in Old Republic International by 31.1% during the 1st quarter. HighTower Advisors LLC now owns 17,253 shares of the insurance provider’s stock worth $448,000 after purchasing an additional 4,088 shares during the last quarter. Natixis Advisors L.P. boosted its stake in Old Republic International by 21.5% during the 1st quarter. Natixis Advisors L.P. now owns 22,153 shares of the insurance provider’s stock worth $573,000 after purchasing an additional 3,918 shares during the last quarter. D.A. Davidson & CO. acquired a new stake in Old Republic International during the 1st quarter worth $296,000. Finally, Panagora Asset Management Inc. boosted its stake in Old Republic International by 2.3% during the 1st quarter. Panagora Asset Management Inc. now owns 21,388 shares of the insurance provider’s stock worth $553,000 after purchasing an additional 484 shares during the last quarter. Institutional investors and hedge funds own 70.61% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ORI. Raymond James lifted their target price on shares of Old Republic International from $29.00 to $30.00 and gave the stock an “outperform” rating in a research note on Monday, October 30th. StockNews.com cut shares of Old Republic International from a “buy” rating to a “hold” rating in a research report on Friday, January 26th. Finally, Piper Sandler raised shares of Old Republic International from a “neutral” rating to an “overweight” rating and set a $32.00 price target on the stock in a research report on Monday.

Get Our Latest Report on ORI

Insider Buying and Selling at Old Republic International

In other Old Republic International news, SVP Carolyn Monroe sold 6,528 shares of the company’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $27.71, for a total value of $180,890.88. Following the transaction, the senior vice president now owns 35,340 shares of the company’s stock, valued at $979,271.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.00% of the stock is currently owned by corporate insiders.

Old Republic International Trading Up 3.0 %

Shares of ORI stock opened at $28.71 on Tuesday. The company’s 50-day moving average price is $29.05 and its 200-day moving average price is $28.08. The company has a current ratio of 1.26, a quick ratio of 0.60 and a debt-to-equity ratio of 0.25. The stock has a market cap of $8.05 billion, a price-to-earnings ratio of 13.67 and a beta of 0.81. Old Republic International Co. has a twelve month low of $23.31 and a twelve month high of $30.60.

Old Republic International (NYSE:ORIGet Free Report) last posted its earnings results on Thursday, January 25th. The insurance provider reported $0.69 EPS for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.03). Old Republic International had a net margin of 8.25% and a return on equity of 12.10%. The company had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.95 billion. As a group, equities analysts predict that Old Republic International Co. will post 2.7 earnings per share for the current year.

Old Republic International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Tuesday, December 5th were given a $0.245 dividend. The ex-dividend date was Monday, December 4th. This represents a $0.98 dividend on an annualized basis and a yield of 3.41%. Old Republic International’s payout ratio is currently 46.67%.

Old Republic International Profile

(Free Report)

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 the Republic Financial Indemnity Group Run-off Business.

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Institutional Ownership by Quarter for Old Republic International (NYSE:ORI)

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