Exchange Traded Concepts LLC Has $741,000 Holdings in Old Republic International Co. (NYSE:ORI)

Exchange Traded Concepts LLC lowered its stake in Old Republic International Co. (NYSE:ORI) by 7.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,915 shares of the insurance provider’s stock after selling 1,738 shares during the period. Exchange Traded Concepts LLC’s holdings in Old Republic International were worth $741,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Financial Counselors Inc. lifted its position 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 last quarter. Covestor Ltd lifted its position in shares of Old Republic International by 23.0% during the 1st quarter. Covestor Ltd now owns 1,937 shares of the insurance provider’s stock worth $59,000 after purchasing an additional 362 shares during the last quarter. CIBC Asset Management Inc lifted its position in shares of 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 worth $244,000 after purchasing an additional 371 shares during the last quarter. EP Wealth Advisors LLC lifted its position in shares of Old Republic International by 5.2% during the 1st quarter. EP Wealth Advisors LLC now owns 7,762 shares of the insurance provider’s stock worth $238,000 after purchasing an additional 387 shares during the last quarter. Finally, Brown Brothers Harriman & Co. lifted its position in shares of Old Republic International by 8.9% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 5,235 shares of the insurance provider’s stock worth $162,000 after purchasing an additional 430 shares during the last quarter. Institutional investors and hedge funds own 70.92% of the company’s stock.

Analysts Set New Price Targets

Separately, Piper Sandler upped their price target on Old Republic International from $35.00 to $36.00 and gave the company an “overweight” rating in a report on Friday, October 4th.

Old Republic International Trading Down 0.0 %

Old Republic International stock opened at $36.41 on Friday. The business has a 50 day moving average price of $35.24 and a two-hundred day moving average price of $32.57. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.33. The stock has a market cap of $9.41 billion, a price-to-earnings ratio of 15.30 and a beta of 0.84. Old Republic International Co. has a 12 month low of $26.40 and a 12 month high of $36.50.

Old Republic International (NYSE:ORI) last released its quarterly earnings data on Thursday, July 25th. The insurance provider reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.15. Old Republic International had a return on equity of 12.57% and a net margin of 8.59%. The company had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.92 billion. During the same period in the prior year, the company posted $0.62 EPS. As a group, equities analysts forecast that Old Republic International Co. will post 2.83 EPS for the current year.

Old Republic International Dividend Announcement

The business also recently disclosed an annual dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, September 6th were paid a $1.06 dividend. The ex-dividend date was Friday, September 6th. This represents a dividend yield of 3.05%. Old Republic International’s dividend payout ratio is currently 44.54%.

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.