Hamlin Capital Management LLC Sells 22,584 Shares of Old Republic International Co. (NYSE:ORI)

Hamlin Capital Management LLC lessened its holdings in Old Republic International Co. (NYSE:ORI) by 0.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,111,512 shares of the insurance provider’s stock after selling 22,584 shares during the quarter. Old Republic International comprises approximately 4.6% of Hamlin Capital Management LLC’s investment portfolio, making the stock its 6th largest holding. Hamlin Capital Management LLC’s holdings in Old Republic International were worth $184,986,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. UMB Bank n.a. increased its holdings in Old Republic International by 2.4% in the 4th quarter. UMB Bank n.a. now owns 17,229 shares of the insurance provider’s stock worth $624,000 after buying an additional 408 shares during the period. HB Wealth Management LLC acquired a new stake in shares of Old Republic International during the 4th quarter worth approximately $251,000. Merit Financial Group LLC acquired a new stake in shares of Old Republic International during the 4th quarter worth approximately $207,000. Hennion & Walsh Asset Management Inc. grew its stake in shares of Old Republic International by 4.8% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 81,456 shares of the insurance provider’s stock worth $2,948,000 after purchasing an additional 3,694 shares during the period. Finally, Burney Co. grew its stake in shares of Old Republic International by 2.2% during the 4th quarter. Burney Co. now owns 98,430 shares of the insurance provider’s stock worth $3,562,000 after purchasing an additional 2,120 shares during the period. Institutional investors and hedge funds own 70.92% of the company’s stock.

Old Republic International Price Performance

Shares of NYSE ORI opened at $36.07 on Tuesday. The stock has a market capitalization of $9.15 billion, a price-to-earnings ratio of 12.44 and a beta of 0.88. Old Republic International Co. has a 12 month low of $27.19 and a 12 month high of $39.27. The firm’s 50 day simple moving average is $36.65 and its 200-day simple moving average is $35.28. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.28 and a quick ratio of 0.28.

Old Republic International Announces Dividend

The business also recently declared a special dividend, which was paid on Wednesday, January 15th. Investors of record on Friday, January 3rd were paid a $2.00 dividend. The ex-dividend date of this dividend was Friday, January 3rd. Old Republic International’s dividend payout ratio is currently 36.55%.

Wall Street Analyst Weigh In

Separately, Piper Sandler raised their price objective on shares of Old Republic International from $36.00 to $37.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st.

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.