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

Hamlin Capital Management LLC lifted its position in shares of Old Republic International Co. (NYSE:ORI - Free Report) by 8.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,134,096 shares of the insurance provider's stock after buying an additional 379,474 shares during the quarter. Old Republic International comprises about 4.6% of Hamlin Capital Management LLC's holdings, making the stock its 4th largest position. Hamlin Capital Management LLC owned 1.89% of Old Republic International worth $181,850,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Old Republic International by 6.3% during the 1st quarter. Vanguard Group Inc. now owns 28,156,630 shares of the insurance provider's stock worth $864,972,000 after acquiring an additional 1,661,147 shares during the period. Dimensional Fund Advisors LP grew its stake in Old Republic International by 7.6% during the second quarter. Dimensional Fund Advisors LP now owns 7,542,836 shares of the insurance provider's stock worth $233,073,000 after purchasing an additional 532,251 shares during the period. LSV Asset Management increased its holdings in Old Republic International by 14.4% in the second quarter. LSV Asset Management now owns 1,838,307 shares of the insurance provider's stock worth $56,804,000 after purchasing an additional 231,600 shares in the last quarter. Raymond James & Associates lifted its stake in Old Republic International by 2.4% in the third quarter. Raymond James & Associates now owns 1,072,899 shares of the insurance provider's stock valued at $38,002,000 after buying an additional 25,610 shares during the period. Finally, ProShare Advisors LLC boosted its holdings in shares of Old Republic International by 4.4% during the 2nd quarter. ProShare Advisors LLC now owns 1,033,320 shares of the insurance provider's stock worth $31,930,000 after buying an additional 43,458 shares in the last quarter. Institutional investors own 70.92% of the company's stock.

Wall Street Analyst Weigh In

Separately, Piper Sandler lifted their price objective on shares of 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 %

Old Republic International stock traded down $0.53 during midday trading on Friday, reaching $34.40. The stock had a trading volume of 1,187,595 shares, compared to its average volume of 1,443,036. The company has a fifty day moving average price of $35.36 and a two-hundred day moving average price of $32.75. The company has a market capitalization of $9.35 billion, a P/E ratio of 13.39 and a beta of 0.84. 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.

Old Republic International (NYSE:ORI - Get Free Report) last issued its earnings results on Thursday, July 25th. The insurance provider reported $0.76 earnings per share for the quarter, topping analysts' consensus estimates 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 company had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.92 billion. During the same period in the prior year, the firm earned $0.62 earnings per share. As a group, equities analysts expect that Old Republic International Co. will post 2.83 EPS for the current fiscal year.

Old Republic International Announces Dividend

The firm also recently announced an annual dividend, which was paid on Monday, September 16th. Investors of record on Friday, September 6th were issued a $1.06 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a dividend yield of 3.05%. Old Republic International's dividend payout ratio is presently 41.25%.

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.