Old Republic International Co. (NYSE:ORI) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. lessened its stake in Old Republic International Co. (NYSE:ORI) by 7.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 35,627 shares of the insurance provider’s stock after selling 2,825 shares during the quarter. Federated Hermes Inc.’s holdings in Old Republic International were worth $1,101,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of ORI. Campbell & CO Investment Adviser LLC bought a new position in Old Republic International during the 4th quarter worth approximately $980,000. Nordea Investment Management AB lifted its stake in Old Republic International by 26.4% during the first quarter. Nordea Investment Management AB now owns 551,744 shares of the insurance provider’s stock worth $17,032,000 after purchasing an additional 115,324 shares during the last quarter. First Eagle Investment Management LLC lifted its stake in Old Republic International by 9.6% during the first quarter. First Eagle Investment Management LLC now owns 419,685 shares of the insurance provider’s stock worth $12,893,000 after purchasing an additional 36,700 shares during the last quarter. Retirement Systems of Alabama boosted its holdings in Old Republic International by 4.7% in the first quarter. Retirement Systems of Alabama now owns 655,137 shares of the insurance provider’s stock worth $20,126,000 after purchasing an additional 29,159 shares during the period. Finally, Eagle Asset Management Inc. bought a new stake in Old Republic International during the fourth quarter valued at $5,876,000. Institutional investors own 70.92% of the company’s stock.

Old Republic International Trading Down 0.7 %

Old Republic International stock opened at $35.32 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.29 and a current ratio of 0.29. Old Republic International Co. has a 1 year low of $26.08 and a 1 year high of $36.09. The firm’s 50-day moving average is $34.30 and its 200-day moving average is $31.78. The company has a market cap of $9.60 billion, a P/E ratio of 13.74 and a beta of 0.84.

Old Republic International (NYSE:ORI) last issued its earnings results on Thursday, July 25th. The insurance provider reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.15. The company had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.92 billion. Old Republic International had a return on equity of 12.57% and a net margin of 8.59%. During the same period in the previous year, the firm posted $0.62 earnings per share. On average, equities analysts expect that Old Republic International Co. will post 2.83 earnings per share for the current year.

Old Republic International Announces Dividend

The business also recently announced an annual dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, September 6th were given a $1.06 dividend. This represents a yield of 3.05%. The ex-dividend date of this dividend was Friday, September 6th. Old Republic International’s dividend payout ratio is presently 41.25%.

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.