118 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 Goldman Sachs Bullish on US Stocks, Raises S&P 500 Target to 5,600 Hindenburg Research Denies Allegations of Collusion in Adani Short Bet Best Buy Introduces AR Tech Exploration App for Apple Vision Pro Labour’s Plan to Support Female-Led Businesses and Address Financial Exclusion Google Must Face Trial for Ad Dominance, Judge Rules Aetna to Cover Fertility Treatments for LGBTQ Individuals as Part of Court Settlement
