Old Republic International Corporation $ORI Holdings Decreased by Hamlin Capital Management LLC

Hamlin Capital Management LLC lessened its position in shares of Old Republic International Corporation (NYSE:ORI) by 7.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 4,785,799 shares of the insurance provider’s stock after selling 396,618 shares during the quarter. Old Republic International comprises approximately 5.2% of Hamlin Capital Management LLC’s holdings, making the stock its 4th largest position. Hamlin Capital Management LLC’s holdings in Old Republic International were worth $218,424,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. JPL Wealth Management LLC purchased a new position in shares of Old Republic International in the 3rd quarter worth about $27,000. Clearstead Trust LLC grew its holdings in shares of Old Republic International by 65.6% during the 3rd quarter. Clearstead Trust LLC now owns 727 shares of the insurance provider’s stock worth $31,000 after purchasing an additional 288 shares during the period. Core Alternative Capital acquired a new stake in Old Republic International during the 3rd quarter worth approximately $42,000. Wilmington Savings Fund Society FSB increased its position in Old Republic International by 28.1% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 1,013 shares of the insurance provider’s stock worth $43,000 after purchasing an additional 222 shares in the last quarter. Finally, Caldwell Trust Co raised its holdings in Old Republic International by 75.0% in the third quarter. Caldwell Trust Co now owns 1,050 shares of the insurance provider’s stock valued at $45,000 after buying an additional 450 shares during the period. 70.92% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Old Republic International

In other news, SVP Carolyn Monroe sold 5,526 shares of the firm’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $39.28, for a total transaction of $217,061.28. Following the completion of the sale, the senior vice president directly owned 27,875 shares in the company, valued at $1,094,930. This trade represents a 16.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John Eric Smith bought 1,135 shares of the company’s stock in a transaction dated Monday, March 2nd. The shares were acquired at an average cost of $43.10 per share, for a total transaction of $48,918.50. Following the completion of the transaction, the director owned 4,276 shares of the company’s stock, valued at approximately $184,295.60. The trade was a 36.13% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 1.10% of the company’s stock.

Old Republic International Stock Up 0.4%

NYSE ORI opened at $38.01 on Friday. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.27. Old Republic International Corporation has a fifty-two week low of $34.43 and a fifty-two week high of $46.76. The business has a 50 day moving average price of $41.19 and a two-hundred day moving average price of $42.28. The stock has a market cap of $9.34 billion, a PE ratio of 11.21 and a beta of 0.73.

Old Republic International (NYSE:ORI) last posted its quarterly earnings data on Thursday, January 22nd. The insurance provider reported $0.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.15). Old Republic International had a net margin of 10.24% and a return on equity of 16.21%. During the same quarter in the previous year, the business posted $0.90 EPS. As a group, sell-side analysts predict that Old Republic International Corporation will post 3.17 EPS for the current fiscal year.

Old Republic International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 19th. Investors of record on Monday, March 9th were paid a dividend of $0.315 per share. This is a positive change from Old Republic International’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Monday, March 9th. This represents a $1.26 annualized dividend and a yield of 3.3%. Old Republic International’s payout ratio is presently 37.17%.

Wall Street Analyst Weigh In

Several research firms have issued reports on ORI. Zacks Research downgraded shares of Old Republic International from a “hold” rating to a “strong sell” rating in a research note on Friday, January 23rd. Weiss Ratings raised shares of Old Republic International from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Friday, March 13th. Finally, Piper Sandler reaffirmed a “neutral” rating and set a $38.00 price target (down from $51.00) on shares of Old Republic International in a research report on Thursday, January 22nd. Two research analysts have rated the stock with a Strong Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $42.50.

About Old Republic International

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. The General Insurance segment offers aviation, commercial auto, commercial multi-peril, commercial property, general liability, home and auto warranty, inland marine, travel accident, and workers' compensation insurance products; and financial indemnity products for specialty coverages, including errors and omissions, fidelity, directors and officers, and surety.