Old Republic International Co. (NYSE:ORI) Shares Sold by Texas Permanent School Fund

Texas Permanent School Fund trimmed its position in Old Republic International Co. (NYSE:ORIGet Rating) by 1.7% during the 4th quarter, Holdings Channel.com reports. The fund owned 206,751 shares of the insurance provider’s stock after selling 3,582 shares during the period. Texas Permanent School Fund’s holdings in Old Republic International were worth $5,082,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Creative Financial Designs Inc. ADV acquired a new position in shares of Old Republic International in the 4th quarter valued at $26,000. Exane Derivatives acquired a new position in shares of Old Republic International in the 4th quarter valued at $38,000. Rockefeller Capital Management L.P. increased its position in shares of Old Republic International by 64.1% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 1,692 shares of the insurance provider’s stock valued at $38,000 after acquiring an additional 661 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in Old Republic International by 73.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,600 shares of the insurance provider’s stock valued at $64,000 after purchasing an additional 1,100 shares during the last quarter. Finally, Column Capital Advisors LLC purchased a new stake in Old Republic International in the fourth quarter valued at $74,000. 71.67% of the stock is currently owned by hedge funds and other institutional investors.

ORI has been the topic of several recent research reports. Zacks Investment Research lowered shares of Old Republic International from a “buy” rating to a “hold” rating in a report on Tuesday, April 5th. Raymond James lowered shares of Old Republic International from a “strong-buy” rating to an “outperform” rating and lowered their target price for the stock from $30.00 to $28.00 in a research note on Friday. Finally, StockNews.com lowered shares of Old Republic International from a “buy” rating to a “hold” rating in a research note on Friday.

ORI stock opened at $22.01 on Friday. The company has a market cap of $6.78 billion, a price-to-earnings ratio of 5.00 and a beta of 0.79. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 0.23. Old Republic International Co. has a 12 month low of $21.94 and a 12 month high of $27.19. The firm has a 50-day moving average of $25.23 and a two-hundred day moving average of $25.22.

Old Republic International (NYSE:ORIGet Rating) last released its quarterly earnings data on Thursday, April 28th. The insurance provider reported $0.63 EPS for the quarter, missing the Zacks’ consensus estimate of $0.70 by ($0.07). Old Republic International had a net margin of 16.42% and a return on equity of 14.17%. During the same quarter last year, the company posted $0.69 earnings per share. As a group, equities analysts forecast that Old Republic International Co. will post 2.8 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 15th. Stockholders of record on Monday, March 7th were issued a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, March 4th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 4.18%. This is an increase from Old Republic International’s previous quarterly dividend of $0.22. Old Republic International’s dividend payout ratio (DPR) is currently 20.91%.

In other news, Director Barbara Adachi purchased 2,300 shares of the business’s stock in a transaction dated Friday, March 18th. The stock was acquired at an average price of $25.84 per share, for a total transaction of $59,432.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have bought a total of 2,890 shares of company stock valued at $74,719 in the last 90 days. Insiders own 1.60% of the company’s stock.

About Old Republic International (Get Rating)

Old Republic International Corporation, through its subsidiaries, engages in the insurance underwriting and related services business primarily in the United States and Canada. The company operates through three segments: General Insurance, Title Insurance, and the Republic Financial Indemnity Group Run-off Business.

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Institutional Ownership by Quarter for Old Republic International (NYSE:ORI)

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