Dumont & Blake Investment Advisors LLC Has $2.02 Million Stock Holdings in Old Republic International Co. (NYSE:ORI)

Dumont & Blake Investment Advisors LLC cut its holdings in shares of Old Republic International Co. (NYSE:ORI - Free Report) by 50.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 56,942 shares of the insurance provider's stock after selling 57,044 shares during the period. Dumont & Blake Investment Advisors LLC's holdings in Old Republic International were worth $2,017,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Financial Counselors Inc. lifted its stake in shares of Old Republic International by 3.8% in the 2nd quarter. Financial Counselors Inc. now owns 9,270 shares of the insurance provider's stock valued at $286,000 after acquiring an additional 340 shares during the last quarter. Covestor Ltd raised its position in Old Republic International by 23.0% during the 1st quarter. Covestor Ltd now owns 1,937 shares of the insurance provider's stock worth $59,000 after purchasing an additional 362 shares during the last quarter. CIBC Asset Management Inc raised its position in Old Republic International by 4.9% during the 2nd quarter. CIBC Asset Management Inc now owns 7,902 shares of the insurance provider's stock worth $244,000 after purchasing an additional 371 shares during the last quarter. EP Wealth Advisors LLC raised its position in Old Republic International by 5.2% during the 1st quarter. EP Wealth Advisors LLC now owns 7,762 shares of the insurance provider's stock worth $238,000 after purchasing an additional 387 shares during the last quarter. Finally, Brown Brothers Harriman & Co. raised its position in Old Republic International by 8.9% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 5,235 shares of the insurance provider's stock worth $162,000 after purchasing an additional 430 shares during the last quarter. 70.92% of the stock is currently owned by institutional investors and hedge funds.

Old Republic International Trading Down 1.5 %

Shares of ORI stock traded down $0.52 during mid-day trading on Friday, hitting $34.41. The company's stock had a trading volume of 1,187,595 shares, compared to its average volume of 1,443,036. The company's fifty day simple moving average is $35.36 and its 200-day simple moving average is $32.73. Old Republic International Co. has a 52 week low of $26.81 and a 52 week high of $36.50. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.29 and a current ratio of 0.29. The company has a market cap of $8.89 billion, a PE ratio of 14.46 and a beta of 0.84.

Old Republic International (NYSE:ORI - Get Free Report) last posted its quarterly earnings data on Thursday, July 25th. The insurance provider reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.15. Old Republic International had a return on equity of 12.57% and a net margin of 8.59%. The firm had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.92 billion. During the same period last year, the company posted $0.62 EPS. As a group, equities research analysts expect that Old Republic International Co. will post 2.83 earnings per share for the current fiscal year.

Old Republic International Announces Dividend

The firm also recently disclosed an annual dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, September 6th were given a $1.06 dividend. This represents a dividend yield of 3.05%. The ex-dividend date of this dividend was Friday, September 6th. Old Republic International's dividend payout ratio (DPR) is presently 44.54%.

Wall Street Analyst Weigh In

Separately, Piper Sandler raised their target price on Old Republic International from $36.00 to $37.00 and gave the stock an "overweight" rating in a research report on Monday.

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.