Old Republic International Co. (NYSE:ORI) Stock Holdings Increased by California Public Employees Retirement System

California Public Employees Retirement System increased its holdings in shares of Old Republic International Co. (NYSE:ORI - Free Report) by 174.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,380,617 shares of the insurance provider's stock after acquiring an additional 876,872 shares during the period. California Public Employees Retirement System owned approximately 0.49% of Old Republic International worth $40,590,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Allworth Financial LP grew its holdings in Old Republic International by 1,069.4% during the third quarter. Allworth Financial LP now owns 994 shares of the insurance provider's stock worth $27,000 after acquiring an additional 909 shares during the period. BKM Wealth Management LLC acquired a new position in Old Republic International during the fourth quarter worth $29,000. Naples Money Management LLC acquired a new stake in Old Republic International in the fourth quarter valued at $34,000. Global Retirement Partners LLC grew its holdings in Old Republic International by 526.1% in the fourth quarter. Global Retirement Partners LLC now owns 1,321 shares of the insurance provider's stock valued at $39,000 after purchasing an additional 1,110 shares during the last quarter. Finally, Blue Trust Inc. grew its holdings in Old Republic International by 62.7% in the fourth quarter. Blue Trust Inc. now owns 1,365 shares of the insurance provider's stock valued at $37,000 after purchasing an additional 526 shares during the last quarter. Institutional investors and hedge funds own 70.92% of the company's stock.

Analysts Set New Price Targets

Several research firms have weighed in on ORI. Piper Sandler upped their target price on Old Republic International from $32.00 to $38.00 and gave the company an "overweight" rating in a report on Monday, April 1st. StockNews.com raised Old Republic International from a "hold" rating to a "buy" rating in a report on Friday.

Old Republic International Price Performance

Shares of NYSE:ORI traded up $0.11 on Friday, hitting $30.13. The company had a trading volume of 2,514,075 shares, compared to its average volume of 1,795,296. The company has a current ratio of 1.28, a quick ratio of 0.25 and a debt-to-equity ratio of 0.31. Old Republic International Co. has a 52-week low of $24.03 and a 52-week high of $31.22. The business has a 50 day moving average of $29.58 and a 200 day moving average of $28.91. The company has a market cap of $8.30 billion, a PE ratio of 11.72 and a beta of 0.81.

Old Republic International (NYSE:ORI - Get Free Report) last issued its quarterly earnings data on Thursday, January 25th. The insurance provider reported $0.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.03). Old Republic International had a net margin of 9.52% and a return on equity of 12.15%. The company had revenue of $1.94 billion during the quarter, compared to analysts' expectations of $1.95 billion. As a group, equities analysts anticipate that Old Republic International Co. will post 2.7 earnings per share for the current fiscal year.

Old Republic International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Monday, March 11th were given a $0.265 dividend. This is an increase from Old Republic International's previous quarterly dividend of $0.25. This represents a $1.06 annualized dividend and a dividend yield of 3.52%. The ex-dividend date of this dividend was Friday, March 8th. Old Republic International's dividend payout ratio is currently 41.25%.

Insider Activity

In other Old Republic International news, Director Barbara Adachi bought 1,925 shares of Old Republic International stock in a transaction that occurred on Friday, February 16th. The shares were purchased at an average cost of $28.60 per share, for a total transaction of $55,055.00. Following the completion of the transaction, the director now owns 7,845 shares of the company's stock, valued at approximately $224,367. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, SVP Carolyn Monroe sold 6,528 shares of the stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $27.71, for a total transaction of $180,890.88. Following the transaction, the senior vice president now directly owns 35,340 shares in the company, valued at $979,271.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Barbara Adachi bought 1,925 shares of Old Republic International stock in a transaction that occurred on Friday, February 16th. The shares were acquired at an average price of $28.60 per share, for a total transaction of $55,055.00. Following the completion of the transaction, the director now directly owns 7,845 shares of the company's stock, valued at approximately $224,367. The disclosure for this purchase can be found here. Company insiders own 1.00% of the company's stock.

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.