Old Republic International Co. (NYSE:ORI) Stock Position Reduced by California State Teachers Retirement System

California State Teachers Retirement System cut its stake in shares of Old Republic International Co. (NYSE:ORI - Free Report) by 7.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 229,109 shares of the insurance provider's stock after selling 17,366 shares during the quarter. California State Teachers Retirement System owned approximately 0.09% of Old Republic International worth $8,291,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC grew its stake in Old Republic International by 1.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 566,304 shares of the insurance provider's stock worth $20,495,000 after buying an additional 6,897 shares during the last quarter. Jefferies Financial Group Inc. acquired a new position in shares of Old Republic International during the fourth quarter valued at $1,229,000. Vise Technologies Inc. bought a new position in shares of Old Republic International during the fourth quarter worth about $218,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Old Republic International by 2.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,425,247 shares of the insurance provider's stock worth $51,580,000 after acquiring an additional 32,953 shares during the period. Finally, Voloridge Investment Management LLC lifted its position in Old Republic International by 136.5% in the 4th quarter. Voloridge Investment Management LLC now owns 490,263 shares of the insurance provider's stock valued at $17,743,000 after purchasing an additional 282,963 shares during the last quarter. 70.92% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Old Republic International

In other news, VP Thomas Dare sold 27,457 shares of the company's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $36.50, for a total transaction of $1,002,180.50. Following the completion of the sale, the vice president now directly owns 46,556 shares of the company's stock, valued at $1,699,294. This represents a 37.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Carolyn Monroe sold 10,601 shares of the company's stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $37.38, for a total transaction of $396,265.38. Following the completion of the sale, the senior vice president now owns 35,755 shares of the company's stock, valued at approximately $1,336,521.90. This trade represents a 22.87% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company's stock.

Analyst Ratings Changes

ORI has been the subject of several analyst reports. Wall Street Zen upgraded Old Republic International from a "hold" rating to a "buy" rating in a research report on Friday, April 25th. Piper Sandler set a $42.00 target price on Old Republic International in a research note on Friday, April 25th. Finally, Raymond James set a $42.00 price target on Old Republic International and gave the stock an "outperform" rating in a research note on Monday, April 28th.

Old Republic International Price Performance

Old Republic International stock traded down $0.37 during trading hours on Wednesday, hitting $37.79. 336,537 shares of the company traded hands, compared to its average volume of 1,202,980. Old Republic International Co. has a 1-year low of $29.51 and a 1-year high of $39.84. The firm has a market cap of $9.34 billion, a P/E ratio of 14.37 and a beta of 0.74. The firm's 50-day simple moving average is $37.71 and its two-hundred day simple moving average is $37.12. The company has a quick ratio of 0.28, a current ratio of 0.62 and a debt-to-equity ratio of 0.28.

Old Republic International (NYSE:ORI - Get Free Report) last released its earnings results on Thursday, April 24th. The insurance provider reported $0.81 earnings per share for the quarter, topping analysts' consensus estimates of $0.73 by $0.08. The firm had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $2.03 billion. Old Republic International had a return on equity of 20.32% and a net margin of 10.36%. The firm's revenue for the quarter was up 11.4% compared to the same quarter last year. As a group, analysts forecast that Old Republic International Co. will post 3.17 earnings per share for the current fiscal year.

Old Republic International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, June 6th will be given a dividend of $0.29 per share. The ex-dividend date is Friday, June 6th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.07%. Old Republic International's dividend payout ratio (DPR) is presently 47.15%.

Old Republic International Company 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.