Teacher Retirement System of Texas Has $8.99 Million Stock Holdings in Old Republic International Corporation (NYSE:ORI)

Teacher Retirement System of Texas lifted its holdings in shares of Old Republic International Corporation (NYSE:ORI - Free Report) by 29.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 229,253 shares of the insurance provider's stock after purchasing an additional 52,626 shares during the quarter. Teacher Retirement System of Texas owned 0.09% of Old Republic International worth $8,991,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC raised its position in shares of Old Republic International by 4.2% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 590,079 shares of the insurance provider's stock worth $23,143,000 after purchasing an additional 23,775 shares during the period. Farther Finance Advisors LLC raised its position in shares of Old Republic International by 304.7% during the first quarter. Farther Finance Advisors LLC now owns 15,319 shares of the insurance provider's stock worth $607,000 after purchasing an additional 11,534 shares during the period. GAMMA Investing LLC raised its position in shares of Old Republic International by 4,738.8% during the first quarter. GAMMA Investing LLC now owns 216,730 shares of the insurance provider's stock worth $8,500,000 after purchasing an additional 212,251 shares during the period. Merit Financial Group LLC raised its position in shares of Old Republic International by 336.1% during the first quarter. Merit Financial Group LLC now owns 24,982 shares of the insurance provider's stock worth $980,000 after purchasing an additional 19,254 shares during the period. Finally, Robeco Institutional Asset Management B.V. raised its position in shares of Old Republic International by 28.8% during the first quarter. Robeco Institutional Asset Management B.V. now owns 304,140 shares of the insurance provider's stock worth $11,928,000 after purchasing an additional 67,971 shares during the period. Institutional investors and hedge funds own 70.92% of the company's stock.

Insider Activity at Old Republic International

In other news, SVP Carolyn Monroe sold 10,601 shares of the business's 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 completion of the transaction, the senior vice president owned 35,755 shares of the company's stock, valued at approximately $1,336,521.90. The trade was a 22.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.10% of the company's stock.

Old Republic International Stock Up 4.2%

Old Republic International stock traded up $1.59 during midday trading on Friday, reaching $39.12. The stock had a trading volume of 701,485 shares, compared to its average volume of 1,204,706. The firm's fifty day simple moving average is $37.71 and its 200-day simple moving average is $37.09. Old Republic International Corporation has a 1-year low of $29.97 and a 1-year high of $39.84. The stock has a market capitalization of $9.67 billion, a P/E ratio of 15.90 and a beta of 0.73. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.24 and a current ratio of 0.24.

Old Republic International (NYSE:ORI - Get Free Report) last posted 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 business had revenue of $2.06 billion for the quarter, compared to analyst estimates of $2.03 billion. Old Republic International had a return on equity of 20.99% and a net margin of 9.37%. Old Republic International's revenue was up 11.4% compared to the same quarter last year. As a group, analysts expect that Old Republic International Corporation will post 3.17 EPS for the current fiscal year.

Old Republic International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Friday, June 6th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, June 6th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.97%. Old Republic International's payout ratio is 47.15%.

Analyst Upgrades and Downgrades

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