Intech Investment Management LLC Has $2.52 Million Stock Holdings in Old Republic International Co. (NYSE:ORI)

Intech Investment Management LLC lowered its holdings in shares of Old Republic International Co. (NYSE:ORI) by 29.5% in the third quarter, Holdings Channel.com reports. The institutional investor owned 71,104 shares of the insurance provider’s stock after selling 29,741 shares during the period. Intech Investment Management LLC’s holdings in Old Republic International were worth $2,519,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. RIA Advisory Group LLC acquired a new stake in shares of Old Republic International during the 3rd quarter valued at $835,000. SG Americas Securities LLC boosted its stake in shares of Old Republic International by 309.6% during the second quarter. SG Americas Securities LLC now owns 21,695 shares of the insurance provider’s stock valued at $670,000 after purchasing an additional 16,399 shares in the last quarter. Rothschild Investment LLC bought a new stake in shares of Old Republic International during the second quarter worth about $1,945,000. Comerica Bank increased its stake in shares of Old Republic International by 12.5% in the first quarter. Comerica Bank now owns 160,211 shares of the insurance provider’s stock valued at $4,922,000 after buying an additional 17,831 shares during the period. Finally, Colonial River Investments LLC bought a new position in Old Republic International in the 3rd quarter valued at approximately $524,000. 70.92% of the stock is currently owned by institutional investors.

Old Republic International Stock Performance

NYSE ORI opened at $38.60 on Monday. The company has a market capitalization of $9.79 billion, a price-to-earnings ratio of 13.31 and a beta of 0.84. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.31. Old Republic International Co. has a twelve month low of $27.19 and a twelve month high of $38.65. The stock has a fifty day simple moving average of $35.92 and a 200 day simple moving average of $33.68.

Wall Street Analyst Weigh In

Separately, Piper Sandler boosted their target price 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 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.