Old Republic International Co. (NYSE:ORI) Position Lowered by Hamlin Capital Management LLC

Hamlin Capital Management LLC decreased its holdings in shares of Old Republic International Co. (NYSE:ORI) by 0.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,111,512 shares of the insurance provider’s stock after selling 22,584 shares during the quarter. Old Republic International comprises about 4.6% of Hamlin Capital Management LLC’s investment portfolio, making the stock its 6th largest position. Hamlin Capital Management LLC owned about 2.02% of Old Republic International worth $184,986,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Allworth Financial LP raised its stake in Old Republic International by 161.9% during the third quarter. Allworth Financial LP now owns 728 shares of the insurance provider’s stock valued at $26,000 after purchasing an additional 450 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in Old Republic International during the third quarter valued at $28,000. V Square Quantitative Management LLC bought a new position in shares of Old Republic International in the third quarter worth about $31,000. FSA Wealth Management LLC purchased a new stake in Old Republic International in the third quarter worth about $41,000. Finally, Huntington National Bank lifted its stake in Old Republic International by 381.0% in the third quarter. Huntington National Bank now owns 1,289 shares of the insurance provider’s stock worth $46,000 after acquiring an additional 1,021 shares during the period. Hedge funds and other institutional investors own 70.92% of the company’s stock.

Analyst Upgrades and Downgrades

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 Stock Performance

Shares of Old Republic International stock opened at $36.07 on Tuesday. The firm has a market capitalization of $9.15 billion, a P/E ratio of 12.44 and a beta of 0.88. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.31. The company has a 50 day moving average price of $36.65 and a 200 day moving average price of $35.28. Old Republic International Co. has a 52 week low of $27.19 and a 52 week high of $39.27.

Old Republic International Announces Dividend

The business also recently disclosed a special dividend, which was paid on Wednesday, January 15th. Investors of record on Friday, January 3rd were given a $2.00 dividend. The ex-dividend date of this dividend was Friday, January 3rd. Old Republic International’s payout ratio is currently 36.55%.

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.