New York State Teachers Retirement System Has $10.78 Million Stock Holdings in Old Republic International Corporation (NYSE:ORI)

New York State Teachers Retirement System lowered its position in shares of Old Republic International Corporation (NYSE:ORI - Free Report) by 2.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 274,876 shares of the insurance provider's stock after selling 7,400 shares during the quarter. New York State Teachers Retirement System owned 0.11% of Old Republic International worth $10,781,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Parallel Advisors LLC boosted its holdings in shares of Old Republic International by 1.6% in the 4th quarter. Parallel Advisors LLC now owns 18,884 shares of the insurance provider's stock valued at $683,000 after buying an additional 290 shares during the last quarter. Ironwood Investment Management LLC boosted its holdings in shares of Old Republic International by 1.3% in the 4th quarter. Ironwood Investment Management LLC now owns 23,485 shares of the insurance provider's stock valued at $850,000 after buying an additional 301 shares during the last quarter. SPC Financial Inc. boosted its holdings in shares of Old Republic International by 1.8% in the 4th quarter. SPC Financial Inc. now owns 18,012 shares of the insurance provider's stock valued at $652,000 after buying an additional 312 shares during the last quarter. Summit Financial LLC boosted its holdings in shares of Old Republic International by 6.1% in the 4th quarter. Summit Financial LLC now owns 6,017 shares of the insurance provider's stock valued at $218,000 after buying an additional 347 shares during the last quarter. Finally, Penbrook Management LLC boosted its holdings in shares of Old Republic International by 5.0% in the 1st quarter. Penbrook Management LLC now owns 8,480 shares of the insurance provider's stock valued at $333,000 after buying an additional 400 shares during the last quarter. Institutional investors and hedge funds own 70.92% of the company's stock.

Old Republic International Stock Performance

ORI traded down $0.18 during trading hours on Monday, reaching $37.79. The company's stock had a trading volume of 1,528,582 shares, compared to its average volume of 1,206,002. Old Republic International Corporation has a 52 week low of $29.97 and a 52 week high of $39.84. The company's 50-day moving average is $37.71 and its 200-day moving average is $37.12. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.24 and a current ratio of 0.24. The firm has a market cap of $9.34 billion, a PE ratio of 15.36 and a beta of 0.73.

Old Republic International (NYSE:ORI - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The insurance provider reported $0.81 earnings per share for the quarter, beating analysts' consensus estimates of $0.73 by $0.08. Old Republic International had a return on equity of 20.99% and a net margin of 9.37%. The business had revenue of $2.06 billion for the quarter, compared to analysts' expectations of $2.03 billion. The company's revenue for the quarter was up 11.4% on a year-over-year basis. On average, equities analysts forecast that Old Republic International Corporation will post 3.17 EPS for the current year.

Old Republic International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Friday, June 6th were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 3.07%. The ex-dividend date of this dividend was Friday, June 6th. Old Republic International's payout ratio is 47.15%.

Insiders Place Their Bets

In other Old Republic International news, SVP Carolyn Monroe sold 10,601 shares of the stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $37.38, for a total transaction of $396,265.38. Following the transaction, the senior vice president owned 35,755 shares in the company, valued at $1,336,521.90. This trade represents a 22.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Piper Sandler set a $42.00 price objective on Old Republic International in a report on Friday, April 25th. Raymond James Financial set a $42.00 price objective on Old Republic International and gave the company an "outperform" rating in a report on Monday, April 28th. Finally, Wall Street Zen upgraded Old Republic International from a "hold" rating to a "buy" rating in a research note on Friday, June 27th.

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.