149 Old Republic International Co. (ORI) has garnered increased interest from institutional investors, with Russell Investments Group Ltd. raising its holdings by nearly 27% during the fourth quarter. This adds to the trend of other hedge funds and wealth management firms making adjustments to their positions in ORI. While Russell Investments Group Ltd. now holds over 151,000 shares of ORI, other investors like Stratos Wealth Partners LTD., Zurcher Kantonalbank Zurich Cantonalbank, Advisor Partners II LLC, Allspring Global Investments Holdings LLC, and Hennion & Walsh Asset Management Inc. have also recently made significant moves in their holdings of ORI stock. Despite these fluctuations in ownership, ORI’s stock has shown some positive movement, trading up 0.7% recently. With a market capitalization of $8.54 billion and a relatively stable P/E ratio of 12.22, ORI maintains a strong position in the insurance sector. The company’s stock opened at $31.41 on Friday, with its 50-day and 200-day simple moving averages indicating positive trends. However, ORI’s performance is not without challenges, as it faces a competitive market and economic uncertainties. Nonetheless, its debt-to-equity ratio, current ratio, and quick ratio suggest a relatively healthy financial position. Overall, ORI’s recent trading performance and institutional investor interest suggest cautious optimism surrounding the company’s future prospects. You Might Be Interested In Walmart Sees Record Growth as Inflation Concerns Drive More Shoppers to Its Stores Nike Teams Up with Nala Track Club to Empower Kenya’s Female Runners Volkswagen Squeezed by China Slump and Audi Struggles Tupperware Finds a Buyer: Lenders to Acquire Iconic Brand U.S. Interest Rates Expected to Fall, Investors Remain Bullish Amid Geopolitical Risks Citigroup Nears Completion of Restructuring with 5,000 Layoffs
