Leith Wheeler Investment Counsel Ltd. lessened its holdings in shares of Old Republic International Co. (NYSE:ORI – Get Rating) by 8.5% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 321,530 shares of the insurance provider's stock after selling 30,050 shares during the quarter. Old Republic International accounts for 1.2% of Leith Wheeler Investment Counsel Ltd.'s portfolio, making the stock its 19th largest position. Leith Wheeler Investment Counsel Ltd. owned 0.10% of Old Republic International worth $9,256,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the business. Mutual Advisors LLC grew its stake in Old Republic International by 4.2% during the 4th quarter. Mutual Advisors LLC now owns 11,025 shares of the insurance provider's stock valued at $271,000 after purchasing an additional 442 shares in the last quarter. Panagora Asset Management Inc. lifted its holdings in Old Republic International by 2.3% during the 1st quarter. Panagora Asset Management Inc. now owns 21,388 shares of the insurance provider's stock worth $553,000 after buying an additional 484 shares during the last quarter. First Citizens Bank & Trust Co. lifted its holdings in Old Republic International by 4.6% during the 1st quarter. First Citizens Bank & Trust Co. now owns 11,694 shares of the insurance provider's stock worth $303,000 after buying an additional 510 shares during the last quarter. Total Clarity Wealth Management Inc. lifted its holdings in Old Republic International by 3.2% during the 1st quarter. Total Clarity Wealth Management Inc. now owns 17,566 shares of the insurance provider's stock worth $454,000 after buying an additional 550 shares during the last quarter. Finally, Ameritas Investment Partners Inc. lifted its holdings in Old Republic International by 0.4% during the 1st quarter. Ameritas Investment Partners Inc. now owns 159,056 shares of the insurance provider's stock worth $4,114,000 after buying an additional 586 shares during the last quarter. Institutional investors and hedge funds own 72.27% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Old Republic International from a "hold" rating to a "buy" rating in a report on Monday, August 1st.

Old Republic International Stock Performance

Old Republic International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 1st were issued a $1.23 dividend. This is an increase from Old Republic International's previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Wednesday, August 31st. This represents a $4.92 annualized dividend and a dividend yield of 23.08%. Old Republic International's dividend payout ratio (DPR) is 28.57%.

About Old Republic International

(Get Rating)

Old Republic International Corporation, through its subsidiaries, engages in the insurance underwriting and related services business primarily in the United States and Canada. The company operates through three segments: General Insurance, Title Insurance, and the Republic Financial Indemnity Group Run-off Business.

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