Dumont & Blake Investment Advisors LLC Has $2.02 Million Stake in Old Republic International Co. (NYSE:ORI)

Dumont & Blake Investment Advisors LLC lessened its stake in Old Republic International Co. (NYSE:ORI) by 50.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 56,942 shares of the insurance provider’s stock after selling 57,044 shares during the period. Dumont & Blake Investment Advisors LLC’s holdings in Old Republic International were worth $2,017,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Old Republic International by 6.3% during the first quarter. Vanguard Group Inc. now owns 28,156,630 shares of the insurance provider’s stock worth $864,972,000 after buying an additional 1,661,147 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Old Republic International by 7.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 7,542,836 shares of the insurance provider’s stock worth $233,073,000 after purchasing an additional 532,251 shares in the last quarter. Lighthouse Investment Partners LLC bought a new stake in Old Republic International in the 2nd quarter worth about $10,641,000. Point72 Asset Management L.P. bought a new position in Old Republic International in the 2nd quarter valued at $7,186,000. Finally, LSV Asset Management grew its stake in shares of Old Republic International by 14.4% during the 2nd quarter. LSV Asset Management now owns 1,838,307 shares of the insurance provider’s stock worth $56,804,000 after acquiring an additional 231,600 shares during the period. 70.92% of the stock is currently owned by institutional investors and hedge funds.

Old Republic International Stock Performance

Shares of NYSE ORI traded up $0.19 during midday trading on Friday, reaching $35.12. 13,869 shares of the stock were exchanged, compared to its average volume of 1,437,366. The firm has a market cap of $9.08 billion, a price-to-earnings ratio of 14.67 and a beta of 0.84. The firm has a 50-day simple moving average of $35.36 and a two-hundred day simple moving average of $32.70. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.33. Old Republic International Co. has a twelve month low of $26.81 and a twelve month high of $36.50.

Old Republic International (NYSE:ORI) last released its quarterly earnings results on Thursday, July 25th. The insurance provider reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.15. The firm had revenue of $1.87 billion for 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 quarter last year, the business posted $0.62 EPS. As a group, analysts anticipate that Old Republic International Co. will post 2.83 EPS for the current fiscal year.

Old Republic International Announces Dividend

The business also recently declared an annual dividend, which was paid on Monday, September 16th. Investors of record on Friday, September 6th were given a dividend of $1.06 per share. 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 (DPR) is 44.54%.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler lifted their price target on Old Republic International from $36.00 to $37.00 and gave the stock an “overweight” rating in a research note on Monday.

Old Republic International 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.