Public Employees Retirement System of Ohio Has $3.14 Million Position in Old Republic International Co. (NYSE:ORI)

Public Employees Retirement System of Ohio lowered its position in Old Republic International Co. (NYSE:ORI - Free Report) by 15.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 86,858 shares of the insurance provider's stock after selling 15,544 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Old Republic International were worth $3,143,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Vise Technologies Inc. acquired a new stake in shares of Old Republic International in the fourth quarter valued at approximately $218,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Old Republic International by 2.4% during the fourth 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 valued at $51,580,000 after acquiring an additional 32,953 shares during the period. Voloridge Investment Management LLC increased its stake in shares of Old Republic International by 136.5% during the fourth quarter. Voloridge Investment Management LLC now owns 490,263 shares of the insurance provider's stock valued at $17,743,000 after acquiring an additional 282,963 shares during the period. Waverly Advisors LLC acquired a new position in shares of Old Republic International during the fourth quarter valued at approximately $267,000. Finally, Vident Advisory LLC increased its stake in shares of Old Republic International by 16.7% during the fourth quarter. Vident Advisory LLC now owns 8,017 shares of the insurance provider's stock valued at $290,000 after acquiring an additional 1,148 shares during the period. Institutional investors and hedge funds own 70.92% of the company's stock.

Insider Buying and Selling

In other Old Republic International news, VP Thomas Dare sold 27,457 shares of Old Republic International stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $36.50, for a total transaction of $1,002,180.50. Following the transaction, the vice president now directly owns 46,556 shares in the company, valued at approximately $1,699,294. The trade was a 37.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Carolyn Monroe sold 10,601 shares of Old Republic International stock in a transaction that occurred 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 now owns 35,755 shares in the company, valued at approximately $1,336,521.90. The trade was a 22.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by insiders.

Old Republic International Price Performance

NYSE:ORI traded down $0.24 during trading hours on Wednesday, reaching $37.92. 275,550 shares of the company's stock were exchanged, compared to its average volume of 1,231,615. The company has a market capitalization of $9.37 billion, a P/E ratio of 14.42 and a beta of 0.74. Old Republic International Co. has a 12 month low of $29.51 and a 12 month high of $39.84. The company has a quick ratio of 0.28, a current ratio of 0.62 and a debt-to-equity ratio of 0.28. The business's 50-day simple moving average is $37.71 and its two-hundred day simple moving average is $37.12.

Old Republic International (NYSE:ORI - Get Free Report) last issued 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 analysts' expectations of $2.03 billion. Old Republic International had a net margin of 10.36% and a return on equity of 20.32%. The firm's revenue was up 11.4% compared to the same quarter last year. Sell-side analysts expect that Old Republic International Co. will post 3.17 EPS for the current fiscal year.

Old Republic International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, June 6th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date of this dividend is Friday, June 6th. Old Republic International's payout ratio is 47.15%.

Analysts Set New Price Targets

A number of research firms recently commented on ORI. Raymond James set a $42.00 price objective on shares of Old Republic International and gave the company an "outperform" rating in a research note on Monday, April 28th. Wall Street Zen upgraded shares of Old Republic International from a "hold" rating to a "buy" rating in a research note on Friday, April 25th. Finally, Piper Sandler set a $42.00 price objective on shares of Old Republic International in a research note on Friday, April 25th.

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.