Hamlin Capital Management LLC Has $220.10 Million Stock Holdings in Old Republic International Corporation $ORI

Hamlin Capital Management LLC lessened its stake in shares of Old Republic International Corporation (NYSE:ORI) by 0.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,182,417 shares of the insurance provider’s stock after selling 24,811 shares during the period. Old Republic International comprises about 5.0% of Hamlin Capital Management LLC’s holdings, making the stock its 5th biggest position. Hamlin Capital Management LLC owned about 2.09% of Old Republic International worth $220,097,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in ORI. Ellsworth Advisors LLC bought a new stake in shares of Old Republic International in the 3rd quarter worth approximately $6,000,000. Vest Financial LLC purchased a new position in Old Republic International in the third quarter valued at approximately $1,517,000. Mitsubishi UFJ Trust & Banking Corp grew its holdings in Old Republic International by 261.8% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 277,350 shares of the insurance provider’s stock valued at $11,779,000 after purchasing an additional 200,692 shares during the period. American National Bank & Trust grew its holdings in Old Republic International by 80.0% during the third quarter. American National Bank & Trust now owns 45,000 shares of the insurance provider’s stock valued at $1,911,000 after purchasing an additional 20,000 shares during the period. Finally, Thrivent Financial for Lutherans increased its position in Old Republic International by 2,840.8% in the third quarter. Thrivent Financial for Lutherans now owns 3,926,606 shares of the insurance provider’s stock worth $166,763,000 after buying an additional 3,793,085 shares during the last quarter. Institutional investors own 70.92% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on ORI. Zacks Research lowered Old Republic International from a “hold” rating to a “strong sell” rating in a research note on Friday, January 23rd. Weiss Ratings upgraded Old Republic International from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Friday. Finally, Piper Sandler restated a “neutral” rating and issued a $38.00 price objective (down from $51.00) on shares of Old Republic International in a research note on Thursday, January 22nd. Two research analysts have rated the stock with a Strong Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $42.50.

Insiders Place Their Bets

In related news, SVP Carolyn Monroe sold 5,526 shares of the stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $39.28, for a total transaction of $217,061.28. Following the sale, the senior vice president owned 27,875 shares of the company’s stock, valued at approximately $1,094,930. This represents a 16.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John Eric Smith bought 1,135 shares of the business’s stock in a transaction on Monday, March 2nd. The stock was bought at an average price of $43.10 per share, with a total value of $48,918.50. Following the purchase, 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 disclosure for this purchase is available in the SEC filing. Insiders own 1.10% of the company’s stock.

Old Republic International Stock Up 0.2%

ORI opened at $40.06 on Monday. Old Republic International Corporation has a 12 month low of $34.43 and a 12 month high of $46.76. The company has a market cap of $9.84 billion, a PE ratio of 11.82 and a beta of 0.73. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.27. The company has a 50 day moving average of $41.57 and a 200 day moving average of $42.33.

Old Republic International (NYSE:ORI) last issued its earnings results on Thursday, January 22nd. The insurance provider reported $0.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 quarter in the prior year, the firm posted $0.90 EPS. On average, sell-side 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 will be paid on Thursday, March 19th. Investors of record on Monday, March 9th will be paid a dividend of $0.315 per share. This represents a $1.26 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Monday, March 9th. This is a positive change from Old Republic International’s previous quarterly dividend of $0.29. Old Republic International’s dividend payout ratio is presently 37.17%.

Old Republic International Company Profile

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.