Hamlin Capital Management LLC Has $200.17 Million Position in Old Republic International Corporation $ORI

Hamlin Capital Management LLC boosted its position in shares of Old Republic International Corporation (NYSE:ORIFree Report) by 0.3% in the second quarter, Holdings Channel reports. The fund owned 5,207,228 shares of the insurance provider’s stock after acquiring an additional 15,920 shares during the period. Old Republic International accounts for 4.6% of Hamlin Capital Management LLC’s investment portfolio, making the stock its 7th biggest holding. Hamlin Capital Management LLC’s holdings in Old Republic International were worth $200,166,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Foster & Motley Inc. lifted its position in Old Republic International by 32.5% during the 2nd quarter. Foster & Motley Inc. now owns 40,272 shares of the insurance provider’s stock worth $1,548,000 after acquiring an additional 9,876 shares during the last quarter. Private Trust Co. NA lifted its position in Old Republic International by 101.1% during the 2nd quarter. Private Trust Co. NA now owns 2,810 shares of the insurance provider’s stock worth $108,000 after acquiring an additional 1,413 shares during the last quarter. Nordea Investment Management AB lifted its position in Old Republic International by 0.4% during the 2nd quarter. Nordea Investment Management AB now owns 472,546 shares of the insurance provider’s stock worth $18,039,000 after acquiring an additional 1,656 shares during the last quarter. Allianz Asset Management GmbH lifted its position in Old Republic International by 30.1% during the 2nd quarter. Allianz Asset Management GmbH now owns 696,600 shares of the insurance provider’s stock worth $26,777,000 after acquiring an additional 161,282 shares during the last quarter. Finally, Sagespring Wealth Partners LLC lifted its position in Old Republic International by 15.9% during the 2nd quarter. Sagespring Wealth Partners LLC now owns 7,504 shares of the insurance provider’s stock worth $288,000 after acquiring an additional 1,029 shares during the last quarter. Institutional investors and hedge funds own 70.92% of the company’s stock.

Insider Buying and Selling

In related news, SVP Carolyn Monroe sold 6,849 shares of the stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $36.52, for a total value of $250,125.48. Following the completion of the transaction, the senior vice president owned 35,755 shares of the company’s stock, valued at $1,305,772.60. This represents a 16.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Stephen J. Oberst sold 4,797 shares of the stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $39.29, for a total transaction of $188,474.13. Following the completion of the transaction, the executive vice president directly owned 54,661 shares of the company’s stock, valued at $2,147,630.69. This trade represents a 8.07% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

Old Republic International Stock Up 1.4%

Shares of ORI opened at $41.48 on Friday. The company has a 50-day simple moving average of $40.70 and a 200-day simple moving average of $38.50. The firm has a market capitalization of $10.31 billion, a P/E ratio of 14.21 and a beta of 0.76. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.25 and a current ratio of 0.25. Old Republic International Corporation has a 52 week low of $33.00 and a 52 week high of $44.00.

Old Republic International (NYSE:ORIGet Free Report) last announced its quarterly earnings data on Thursday, July 24th. The insurance provider reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.04. The business had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.18 billion. Old Republic International had a net margin of 10.31% and a return on equity of 20.95%. The business’s quarterly revenue was up 10.1% compared to the same quarter last year. On average, equities research analysts expect that Old Republic International Corporation will post 3.17 earnings per share for the current year.

Old Republic International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, September 5th were given a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Friday, September 5th. Old Republic International’s dividend payout ratio is 39.73%.

Analyst Ratings Changes

A number of research analysts have weighed in on ORI shares. Piper Sandler boosted their target price on shares of Old Republic International from $45.00 to $47.00 and gave the stock an “overweight” rating in a research report on Monday, October 6th. Raymond James Financial raised shares of Old Republic International from an “outperform” rating to a “strong-buy” rating and boosted their target price for the stock from $43.00 to $47.00 in a research report on Monday, September 22nd. Wall Street Zen lowered shares of Old Republic International from a “buy” rating to a “hold” rating in a research report on Saturday, July 12th. Finally, Weiss Ratings reissued a “buy (a-)” rating on shares of Old Republic International in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. According to MarketBeat, Old Republic International has a consensus rating of “Strong Buy” and an average target price of $47.00.

Get Our Latest Analysis on ORI

Old Republic International Company Profile

(Free Report)

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.

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

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