Uncommon Cents Investing LLC Raises Stock Position in Old Republic International Co. (NYSE:ORI)

Uncommon Cents Investing LLC increased its position in shares of Old Republic International Co. (NYSE:ORIGet Rating) by 36.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 68,450 shares of the insurance provider’s stock after buying an additional 18,170 shares during the period. Uncommon Cents Investing LLC’s holdings in Old Republic International were worth $1,531,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ORI. National Asset Management Inc. boosted its holdings in shares of Old Republic International by 18.7% in the 1st quarter. National Asset Management Inc. now owns 14,963 shares of the insurance provider’s stock valued at $388,000 after buying an additional 2,355 shares during the period. Seven Eight Capital LP acquired a new position in shares of Old Republic International in the 1st quarter worth $369,000. Quent Capital LLC acquired a new position in shares of Old Republic International in the 4th quarter worth $32,000. Nisa Investment Advisors LLC grew its holdings in shares of Old Republic International by 10.0% in the 1st quarter. Nisa Investment Advisors LLC now owns 62,600 shares of the insurance provider’s stock worth $1,619,000 after acquiring an additional 5,700 shares during the last quarter. Finally, Jupiter Asset Management Ltd. grew its holdings in shares of Old Republic International by 6.0% in the 1st quarter. Jupiter Asset Management Ltd. now owns 1,740,888 shares of the insurance provider’s stock worth $45,037,000 after acquiring an additional 98,558 shares during the last quarter. Hedge funds and other institutional investors own 72.27% of the company’s stock.

Old Republic International Stock Down 1.0 %

Shares of Old Republic International stock traded down $0.22 during midday trading on Friday, hitting $20.94. The company’s stock had a trading volume of 36,182 shares, compared to its average volume of 1,825,329. The firm has a market capitalization of $6.46 billion, a P/E ratio of 6.57 and a beta of 0.81. Old Republic International Co. has a 1-year low of $20.93 and a 1-year high of $27.19. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.25. The stock has a 50-day simple moving average of $22.72 and a 200-day simple moving average of $23.31.

Old Republic International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 1st were given a dividend of $1.23 per share. This is a boost from Old Republic International’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Wednesday, August 31st. This represents a $4.92 dividend on an annualized basis and a yield of 23.50%. Old Republic International’s dividend payout ratio (DPR) is presently 28.57%.

Analyst Ratings Changes

Separately, StockNews.com upgraded Old Republic International from a “hold” rating to a “buy” rating in a report on Monday, August 1st.

About Old Republic International

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Old Republic International Corporation, through its subsidiaries, engages in the insurance underwriting and related services business primarily in the United States and Canada. The company operates through three segments: General Insurance, Title Insurance, and the Republic Financial Indemnity Group Run-off Business.

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Institutional Ownership by Quarter for Old Republic International (NYSE:ORI)

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