Uncommon Cents Investing LLC Sells 1,055 Shares of Old Republic International Co. (NYSE:ORI)

Uncommon Cents Investing LLC trimmed its position in Old Republic International Co. (NYSE:ORI) by 1.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 76,395 shares of the insurance provider’s stock after selling 1,055 shares during the quarter. Uncommon Cents Investing LLC’s holdings in Old Republic International were worth $2,765,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Hamlin Capital Management LLC increased its holdings in shares of Old Republic International by 8.0% during the third quarter. Hamlin Capital Management LLC now owns 5,134,096 shares of the insurance provider’s stock valued at $181,850,000 after acquiring an additional 379,474 shares in the last quarter. Raymond James & Associates grew its position in Old Republic International by 2.4% in the 3rd quarter. Raymond James & Associates now owns 1,072,899 shares of the insurance provider’s stock valued at $38,002,000 after purchasing an additional 25,610 shares during the period. ProShare Advisors LLC increased its stake in Old Republic International by 4.4% during the 2nd quarter. ProShare Advisors LLC now owns 1,033,320 shares of the insurance provider’s stock valued at $31,930,000 after purchasing an additional 43,458 shares in the last quarter. Systematic Financial Management LP raised its holdings in Old Republic International by 9.6% during the third quarter. Systematic Financial Management LP now owns 882,782 shares of the insurance provider’s stock worth $31,268,000 after buying an additional 77,583 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of Old Republic International by 5.3% in the third quarter. JPMorgan Chase & Co. now owns 851,492 shares of the insurance provider’s stock valued at $30,160,000 after buying an additional 42,934 shares in the last quarter. 70.92% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Old Republic International Stock Up 0.1 %

ORI stock opened at $36.07 on Monday. The firm has a market capitalization of $9.15 billion, a PE ratio of 12.44 and a beta of 0.88. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.31. Old Republic International Co. has a twelve month low of $27.19 and a twelve month high of $39.27. The stock’s 50 day moving average is $36.67 and its 200-day moving average is $35.24.

Old Republic International Announces Dividend

The business also recently disclosed a special dividend, which was paid on Wednesday, January 15th. Shareholders of record on Friday, January 3rd were paid a dividend of $2.00 per share. The ex-dividend date was Friday, January 3rd. Old Republic International’s dividend payout ratio (DPR) is presently 36.55%.

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.