Old Republic International Co. (NYSE:ORI) Shares Bought by Teacher Retirement System of Texas

Teacher Retirement System of Texas lifted its holdings in shares of Old Republic International Co. (NYSE:ORI) by 18.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 176,627 shares of the insurance provider’s stock after purchasing an additional 27,733 shares during the quarter. Teacher Retirement System of Texas owned about 0.07% of Old Republic International worth $6,392,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in ORI. Wilmington Savings Fund Society FSB acquired a new stake in Old Republic International in the 3rd quarter worth about $28,000. Fairway Wealth LLC acquired a new stake in shares of Old Republic International in the fourth quarter worth approximately $29,000. SBI Securities Co. Ltd. acquired a new position in Old Republic International during the fourth quarter worth approximately $34,000. Core Alternative Capital purchased a new position in Old Republic International during the fourth quarter worth approximately $36,000. Finally, Synergy Asset Management LLC acquired a new position in shares of Old Republic International in the 4th quarter valued at $39,000. Hedge funds and other institutional investors own 70.92% of the company’s stock.

Insiders Place Their Bets

In other 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 sale, the vice president now owns 46,556 shares in the company, valued at $1,699,294. This trade represents a 37.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Craig R. Smiddy sold 5,296 shares of the company’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $38.60, for a total transaction of $204,425.60. Following the completion of the transaction, the chief executive officer now owns 138,222 shares of the company’s stock, valued at $5,335,369.20. This trade represents a 3.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 43,039 shares of company stock worth $1,580,733 over the last quarter. 1.00% of the stock is owned by corporate insiders.

Old Republic International Stock Down 0.4 %

Shares of NYSE:ORI opened at $37.61 on Monday. The stock has a 50-day simple moving average of $36.68 and a 200-day simple moving average of $36.30. The stock has a market capitalization of $9.33 billion, a P/E ratio of 14.30 and a beta of 0.83. Old Republic International Co. has a 1 year low of $28.59 and a 1 year high of $39.27. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.28 and a current ratio of 0.62.

Old Republic International (NYSE:ORI) last released its quarterly earnings data on Thursday, January 23rd. The insurance provider reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.19. Old Republic International had a net margin of 10.36% and a return on equity of 20.32%. Equities analysts forecast that Old Republic International Co. will post 3.17 earnings per share for the current year.

Old Republic International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Monday, March 10th were given a $0.29 dividend. The ex-dividend date was Monday, March 10th. This is a positive change from Old Republic International’s previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a yield of 3.08%. Old Republic International’s dividend payout ratio (DPR) is 44.11%.

Analyst Ratings Changes

Separately, StockNews.com downgraded Old Republic International from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th.

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.