Equity Investment Corp Sells 4,103 Shares of Old Republic International Co. (NYSE:ORI)

Equity Investment Corp lowered its holdings in Old Republic International Co. (NYSE:ORI) by 38.9% during the third quarter, HoldingsChannel.com reports. The fund owned 6,446 shares of the insurance provider’s stock after selling 4,103 shares during the period. Equity Investment Corp’s holdings in Old Republic International were worth $228,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in Old Republic International by 6.3% during the first quarter. Vanguard Group Inc. now owns 28,156,630 shares of the insurance provider’s stock worth $864,972,000 after buying an additional 1,661,147 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Old Republic International by 7.6% during the second quarter. Dimensional Fund Advisors LP now owns 7,542,836 shares of the insurance provider’s stock worth $233,073,000 after buying an additional 532,251 shares during the last quarter. Hamlin Capital Management LLC grew its stake in Old Republic International by 8.0% during the third quarter. Hamlin Capital Management LLC now owns 5,134,096 shares of the insurance provider’s stock worth $181,850,000 after buying an additional 379,474 shares during the last quarter. Lighthouse Investment Partners LLC bought a new stake in Old Republic International during the second quarter worth about $10,641,000. Finally, Point72 Asset Management L.P. bought a new stake in Old Republic International during the second quarter worth about $7,186,000. Institutional investors own 70.92% of the company’s stock.

Analyst Ratings Changes

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 research note on Monday, October 21st.

Old Republic International Price Performance

Shares of Old Republic International stock opened at $37.51 on Monday. 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 stock has a market capitalization of $9.51 billion, a price-to-earnings ratio of 12.93 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 firm’s 50-day moving average price is $35.60 and its two-hundred day moving average price is $33.43.

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.