Old Republic International Co. (NYSE:ORI) Stake Boosted by Hamlin Capital Management LLC

Hamlin Capital Management LLC increased its stake in shares of Old Republic International Co. (NYSE:ORI) by 8.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,134,096 shares of the insurance provider’s stock after buying an additional 379,474 shares during the period. Old Republic International comprises about 4.6% of Hamlin Capital Management LLC’s holdings, making the stock its 4th biggest position. Hamlin Capital Management LLC’s holdings in Old Republic International were worth $181,850,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Nordea Investment Management AB increased its stake in shares of Old Republic International by 26.4% during the 1st quarter. Nordea Investment Management AB now owns 551,744 shares of the insurance provider’s stock worth $17,032,000 after purchasing an additional 115,324 shares during the last quarter. First Eagle Investment Management LLC grew its holdings in Old Republic International by 9.6% during the first quarter. First Eagle Investment Management LLC now owns 419,685 shares of the insurance provider’s stock valued at $12,893,000 after purchasing an additional 36,700 shares during the period. Retirement Systems of Alabama increased its position in Old Republic International by 4.7% in the first quarter. Retirement Systems of Alabama now owns 655,137 shares of the insurance provider’s stock worth $20,126,000 after buying an additional 29,159 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of Old Republic International by 309.6% in the second quarter. SG Americas Securities LLC now owns 21,695 shares of the insurance provider’s stock valued at $670,000 after buying an additional 16,399 shares during the period. Finally, Rothschild Investment LLC purchased a new position in shares of Old Republic International during the 2nd quarter valued at $1,945,000. 70.92% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Piper Sandler boosted their price objective on Old Republic International from $36.00 to $37.00 and gave the company an “overweight” rating in a research note on Monday, October 21st.

Old Republic International Stock Down 1.5 %

ORI opened at $34.40 on Friday. The company has a 50 day moving average of $35.36 and a 200 day moving average of $32.75. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.33. Old Republic International Co. has a 12 month low of $26.81 and a 12 month high of $36.50. The company has a market cap of $8.89 billion, a PE ratio of 14.45 and a beta of 0.84.

Old Republic International (NYSE:ORI) last announced its quarterly earnings results 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. The company had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.92 billion. Old Republic International had a return on equity of 12.57% and a net margin of 8.59%. During the same period in the previous year, the business earned $0.62 earnings per share. On average, sell-side analysts expect that Old Republic International Co. will post 2.83 EPS for the current year.

Old Republic International Dividend Announcement

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

Old Republic International 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.