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.
Get Old Republic International alerts: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
Shares of NYSE ORI traded down $0.24 during mid-day trading on Thursday, hitting $21.32. The company had a trading volume of 29,304 shares, compared to its average volume of 1,836,547. The stock has a market cap of $6.57 billion, a price-to-earnings ratio of 6.70 and a beta of 0.81. Old Republic International Co. has a 12 month low of $20.93 and a 12 month high of $27.19. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.55 and a quick ratio of 0.55. The firm's 50 day simple moving average is $22.73 and its two-hundred day simple moving average is $23.34.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
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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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