Federated Hermes Inc. Sells 3,041 Shares of Old Republic International Co. (NYSE:ORI)

Federated Hermes Inc. trimmed its position in Old Republic International Co. (NYSE:ORI – Get Rating) by 6.3% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 44,868 shares of the insurance provider’s stock after selling 3,041 shares during the period. Federated Hermes Inc.’s holdings in Old Republic International were worth $939,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. State Street Corp boosted its position in shares of Old Republic International by 4.5% in the 2nd quarter. State Street Corp now owns 24,305,893 shares of the insurance provider’s stock worth $543,480,000 after purchasing an additional 1,050,349 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in Old Republic International by 20.8% during the third quarter. Victory Capital Management Inc. now owns 12,807,069 shares of the insurance provider’s stock worth $268,052,000 after acquiring an additional 2,205,004 shares in the last quarter. FMR LLC lifted its holdings in Old Republic International by 0.9% during the second quarter. FMR LLC now owns 10,336,480 shares of the insurance provider’s stock worth $231,124,000 after acquiring an additional 93,710 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Old Republic International by 1.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 7,495,014 shares of the insurance provider’s stock valued at $156,874,000 after purchasing an additional 129,981 shares during the period. Finally, Hamlin Capital Management LLC raised its stake in shares of Old Republic International by 3.9% in the 3rd quarter. Hamlin Capital Management LLC now owns 4,704,567 shares of the insurance provider’s stock valued at $98,467,000 after purchasing an additional 176,920 shares during the period. 70.87% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on ORI shares. Raymond James lifted their price target on Old Republic International from $27.00 to $29.00 and gave the company an “outperform” rating in a research note on Monday, January 30th. StockNews.com upgraded Old Republic International from a “hold” rating to a “buy” rating in a report on Saturday, March 4th.

Old Republic International Trading Down 1.4 %

Shares of ORI stock opened at $23.90 on Tuesday. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.26. The stock has a market cap of $7.10 billion, a P/E ratio of 10.44 and a beta of 0.79. The stock has a 50 day simple moving average of $25.44 and a 200 day simple moving average of $23.88. Old Republic International Co. has a 1 year low of $20.27 and a 1 year high of $26.72.

Old Republic International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 15th. Shareholders of record on Monday, March 6th will be given a dividend of $0.245 per share. This is an increase from Old Republic International’s previous quarterly dividend of $0.23. This represents a $0.98 annualized dividend and a yield of 4.10%. The ex-dividend date of this dividend is Friday, March 3rd. Old Republic International’s payout ratio is currently 42.79%.

Old Republic International Profile

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Old Republic International Corp. is a holding company, which engages in the business of insurance underwriting. It operates through the following segments: General Insurance, Title Insurance, Republic Financial Indemnity Group (RFIG) Run-Off, and Corporate and Other. The General Insurance segment provides property and liability insurance primarily to commercial clients.