Public Employees Retirement System of Ohio Sells 11,368 Shares of Old Republic International Co. (NYSE:ORI)

Public Employees Retirement System of Ohio cut its holdings in shares of Old Republic International Co. (NYSE:ORI) by 10.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 102,402 shares of the insurance provider’s stock after selling 11,368 shares during the period. Public Employees Retirement System of Ohio’s holdings in Old Republic International were worth $3,627,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Dimensional Fund Advisors LP boosted its stake in Old Republic International by 7.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 7,542,836 shares of the insurance provider’s stock valued at $233,073,000 after purchasing an additional 532,251 shares during the last quarter. Hamlin Capital Management LLC boosted its position in shares of Old Republic International by 8.0% during the third quarter. Hamlin Capital Management LLC now owns 5,134,096 shares of the insurance provider’s stock valued at $181,850,000 after buying an additional 379,474 shares during the last quarter. Point72 Asset Management L.P. grew its holdings in Old Republic International by 162.4% during the third quarter. Point72 Asset Management L.P. now owns 610,150 shares of the insurance provider’s stock worth $21,612,000 after buying an additional 377,605 shares in the last quarter. Lighthouse Investment Partners LLC purchased a new stake in Old Republic International in the 2nd quarter valued at $10,641,000. Finally, LSV Asset Management lifted its stake in Old Republic International by 14.4% during the 2nd quarter. LSV Asset Management now owns 1,838,307 shares of the insurance provider’s stock valued at $56,804,000 after acquiring an additional 231,600 shares in the last quarter. Institutional investors and hedge funds own 70.92% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler increased their target price on shares of Old Republic International from $36.00 to $37.00 and gave the company an “overweight” rating in a report on Monday, October 21st.

Old Republic International Price Performance

Old Republic International stock opened at $36.79 on Monday. Old Republic International Co. has a 52 week low of $27.19 and a 52 week high of $39.27. The company’s 50 day moving average price is $36.65 and its two-hundred day moving average price is $34.37. The stock has a market cap of $9.33 billion, a P/E ratio of 12.69 and a beta of 0.86. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.31.

Old Republic International Announces Dividend

The firm also recently declared a special dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, January 3rd will be issued a dividend of $2.00 per share. The ex-dividend date is Friday, January 3rd. Old Republic International’s dividend payout ratio (DPR) is currently 36.55%.

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.