NFC Investments LLC Trims Holdings in Old Republic International Co. (NYSE:ORI)

NFC Investments LLC cut its position in shares of Old Republic International Co. (NYSE:ORI) by 0.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 192,965 shares of the insurance provider’s stock after selling 800 shares during the quarter. Old Republic International accounts for about 2.0% of NFC Investments LLC’s investment portfolio, making the stock its 17th largest holding. NFC Investments LLC owned about 0.08% of Old Republic International worth $6,835,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Integrated Wealth Concepts LLC grew its position in shares of Old Republic International by 0.4% during the third quarter. Integrated Wealth Concepts LLC now owns 83,723 shares of the insurance provider’s stock worth $2,965,000 after acquiring an additional 315 shares during the last quarter. Financial Counselors Inc. boosted its holdings in shares of Old Republic International by 3.8% in the second quarter. Financial Counselors Inc. now owns 9,270 shares of the insurance provider’s stock worth $286,000 after buying an additional 340 shares during the period. CIBC Asset Management Inc raised its stake in Old Republic International by 4.9% during the 2nd quarter. CIBC Asset Management Inc now owns 7,902 shares of the insurance provider’s stock valued at $244,000 after purchasing an additional 371 shares during the period. Raymond James Trust N.A. lifted its stake in Old Republic International by 1.8% in the 3rd quarter. Raymond James Trust N.A. now owns 24,816 shares of the insurance provider’s stock worth $879,000 after acquiring an additional 429 shares in the last quarter. Finally, Brown Brothers Harriman & Co. increased its stake in shares of Old Republic International by 8.9% in the second quarter. Brown Brothers Harriman & Co. now owns 5,235 shares of the insurance provider’s stock worth $162,000 after acquiring an additional 430 shares during the last quarter. 70.92% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Piper Sandler upped their price objective on shares of Old Republic International from $36.00 to $37.00 and gave the stock an “overweight” rating in a report on Monday, October 21st.

Old Republic International Price Performance

ORI traded down $0.16 during trading on Tuesday, hitting $38.41. The company’s stock had a trading volume of 185,280 shares, compared to its average volume of 1,400,869. Old Republic International Co. has a 12 month low of $27.19 and a 12 month high of $39.27. The stock has a market capitalization of $9.74 billion, a price-to-earnings ratio of 13.30 and a beta of 0.86. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.31. The firm’s 50 day moving average price is $36.32 and its two-hundred day moving average price is $34.01.

Old Republic International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, December 6th will be given a $0.265 dividend. This represents a $1.06 annualized dividend and a dividend yield of 2.76%. The ex-dividend date is Friday, December 6th. Old Republic International’s payout ratio is presently 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.