Old Republic International Corporation $ORI is Hamlin Capital Management LLC’s 4th Largest Position

Hamlin Capital Management LLC reduced its stake in shares of Old Republic International Corporation (NYSE:ORI) by 7.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,785,799 shares of the insurance provider’s stock after selling 396,618 shares during the period. Old Republic International accounts for about 5.2% of Hamlin Capital Management LLC’s holdings, making the stock its 4th biggest position. Hamlin Capital Management LLC owned about 1.93% of Old Republic International worth $218,424,000 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 stock. JPL Wealth Management LLC acquired a new stake in Old Republic International during the 3rd quarter valued at $27,000. Clearstead Trust LLC raised its holdings in shares of Old Republic International by 65.6% in the third quarter. Clearstead Trust LLC now owns 727 shares of the insurance provider’s stock worth $31,000 after acquiring an additional 288 shares during the last quarter. Core Alternative Capital acquired a new position in shares of Old Republic International in the third quarter worth $42,000. Wilmington Savings Fund Society FSB lifted its position in shares of Old Republic International by 28.1% in the third quarter. Wilmington Savings Fund Society FSB now owns 1,013 shares of the insurance provider’s stock valued at $43,000 after acquiring an additional 222 shares in the last quarter. Finally, Caldwell Trust Co boosted its stake in shares of Old Republic International by 75.0% during the third quarter. Caldwell Trust Co now owns 1,050 shares of the insurance provider’s stock valued at $45,000 after acquiring an additional 450 shares during the last quarter. Hedge funds and other institutional investors own 70.92% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on ORI shares. Piper Sandler reiterated a “neutral” rating and set a $38.00 price objective (down from $51.00) on shares of Old Republic International in a research report on Thursday, January 22nd. Weiss Ratings upgraded shares of Old Republic International from a “buy (b+)” rating to a “buy (a-)” rating in a report on Friday, March 13th. Finally, Zacks Research downgraded shares of Old Republic International from a “hold” rating to a “strong sell” rating in a report on Friday, January 23rd. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $42.50.

Old Republic International Price Performance

ORI stock opened at $38.01 on Friday. The stock has a market capitalization of $9.34 billion, a price-to-earnings ratio of 11.21 and a beta of 0.73. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.27. Old Republic International Corporation has a 52-week low of $34.43 and a 52-week high of $46.76. The stock’s fifty day simple moving average is $41.19 and its 200-day simple moving average is $42.28.

Old Republic International (NYSE:ORI) last released its earnings results on Thursday, January 22nd. The insurance provider reported $0.74 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.15). Old Republic International had a net margin of 10.24% and a return on equity of 16.21%. During the same period last year, the business earned $0.90 earnings per share. Equities research analysts expect that Old Republic International Corporation will post 3.17 EPS for the current year.

Old Republic International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 19th. Stockholders of record on Monday, March 9th were paid a dividend of $0.315 per share. The ex-dividend date of this dividend was Monday, March 9th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 3.3%. This is an increase from Old Republic International’s previous quarterly dividend of $0.29. Old Republic International’s dividend payout ratio is currently 37.17%.

Insider Activity

In related news, Director John Eric Smith bought 1,135 shares of the stock in a transaction that occurred on Monday, March 2nd. The stock was purchased at an average cost of $43.10 per share, for a total transaction of $48,918.50. Following the completion of the acquisition, the director owned 4,276 shares in the company, valued at $184,295.60. This trade represents a 36.13% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Carolyn Monroe sold 5,526 shares of the company’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $39.28, for a total transaction of $217,061.28. Following the transaction, the senior vice president directly owned 27,875 shares of the company’s stock, valued at $1,094,930. This trade represents a 16.54% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.10% of the company’s stock.

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. The General Insurance segment offers aviation, commercial auto, commercial multi-peril, commercial property, general liability, home and auto warranty, inland marine, travel accident, and workers' compensation insurance products; and financial indemnity products for specialty coverages, including errors and omissions, fidelity, directors and officers, and surety.