North Star Investment Management Corp. lifted its stake in shares of Old Republic International Co. (NYSE:ORI – Get Rating) by 1.0% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 763,456 shares of the insurance provider's stock after buying an additional 7,500 shares during the period. Old Republic International accounts for about 1.6% of North Star Investment Management Corp.'s investment portfolio, making the stock its 11th biggest holding. North Star Investment Management Corp.'s holdings in Old Republic International were worth $17,071,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of the stock. Paragon Capital Management Ltd grew its position in shares of Old Republic International by 5.7% during the 2nd quarter. Paragon Capital Management Ltd now owns 8,941 shares of the insurance provider's stock worth $200,000 after buying an additional 486 shares during the period. Viking Fund Management LLC lifted its holdings in shares of Old Republic International by 5.9% in the 2nd quarter. Viking Fund Management LLC now owns 180,000 shares of the insurance provider's stock worth $4,025,000 after purchasing an additional 10,000 shares in the last quarter. Uncommon Cents Investing LLC lifted its holdings in shares of Old Republic International by 36.1% in the 2nd quarter. Uncommon Cents Investing LLC now owns 68,450 shares of the insurance provider's stock worth $1,531,000 after purchasing an additional 18,170 shares in the last quarter. Krilogy Financial LLC lifted its holdings in shares of Old Republic International by 7.7% in the 2nd quarter. Krilogy Financial LLC now owns 9,783 shares of the insurance provider's stock worth $219,000 after purchasing an additional 702 shares in the last quarter. Finally, Raymond James Trust N.A. lifted its holdings in shares of Old Republic International by 9.9% in the 2nd quarter. Raymond James Trust N.A. now owns 29,104 shares of the insurance provider's stock worth $651,000 after purchasing an additional 2,629 shares in the last quarter. Institutional investors and hedge funds own 72.27% of the company's stock.
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Old Republic International Stock Up 1.1 %
NYSE:ORI traded up $0.22 during trading hours on Tuesday, hitting $20.64. 21,459 shares of the company traded hands, compared to its average volume of 1,876,203. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.25. The firm's 50-day simple moving average is $22.67 and its 200-day simple moving average is $23.21. Old Republic International Co. has a one year low of $20.27 and a one year high of $27.19. The company has a market cap of $6.36 billion, a PE ratio of 6.34 and a beta of 0.81.
Old Republic International Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st were paid a dividend of $1.23 per share. The ex-dividend date was Wednesday, August 31st. This is a boost from Old Republic International's previous quarterly dividend of $0.23. This represents a $4.92 annualized dividend and a yield of 23.84%. Old Republic International's dividend payout ratio (DPR) is 28.57%.
Wall Street Analysts Forecast Growth
Separately, StockNews.com upgraded Old Republic International from a "hold" rating to a "buy" rating in a report on Monday, August 1st.
About Old Republic International
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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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