California Public Employees Retirement System Has $41.75 Million Stock Holdings in Old Republic International Co. (NYSE:ORI)

California Public Employees Retirement System reduced its stake in shares of Old Republic International Co. (NYSE:ORI) by 2.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,153,619 shares of the insurance provider’s stock after selling 33,195 shares during the period. California Public Employees Retirement System’s holdings in Old Republic International were worth $41,749,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of ORI. Wilmington Savings Fund Society FSB purchased a new position in Old Republic International in the third quarter valued at about $28,000. Fairway Wealth LLC bought a new stake in shares of Old Republic International in the 4th quarter valued at approximately $29,000. SBI Securities Co. Ltd. acquired a new position in Old Republic International in the fourth quarter worth approximately $34,000. Core Alternative Capital bought a new position in Old Republic International during the fourth quarter valued at approximately $36,000. Finally, Synergy Asset Management LLC acquired a new stake in Old Republic International in the fourth quarter valued at approximately $39,000. 70.92% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Old Republic International

In other Old Republic International news, CEO Craig R. Smiddy sold 5,296 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $38.60, for a total value of $204,425.60. Following the completion of the sale, the chief executive officer now directly owns 138,222 shares of the company’s stock, valued at $5,335,369.20. This represents a 3.69 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Jeffrey Lange sold 1,098 shares of the business’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $36.56, for a total transaction of $40,142.88. Following the transaction, the senior vice president now owns 34,679 shares in the company, valued at approximately $1,267,864.24. The trade was a 3.07 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 43,039 shares of company stock worth $1,580,733 in the last 90 days. 1.00% of the stock is owned by company insiders.

Old Republic International Stock Up 0.5 %

Shares of Old Republic International stock opened at $39.83 on Thursday. Old Republic International Co. has a 12-month low of $28.59 and a 12-month high of $39.84. The company has a quick ratio of 0.28, a current ratio of 0.62 and a debt-to-equity ratio of 0.28. The stock has a 50 day moving average price of $37.25 and a two-hundred day moving average price of $36.53. The stock has a market capitalization of $9.89 billion, a P/E ratio of 15.14 and a beta of 0.83.

Old Republic International (NYSE:ORI) last posted 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 expect that Old Republic International Co. will post 3.17 earnings per share for the current year.

Old Republic International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Monday, March 10th were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 2.91%. The ex-dividend date was Monday, March 10th. This is a boost from Old Republic International’s previous quarterly dividend of $0.27. Old Republic International’s payout ratio is currently 44.11%.

Analyst Upgrades and Downgrades

ORI has been the topic of several analyst reports. StockNews.com lowered shares of Old Republic International from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Piper Sandler raised their target price on Old Republic International from $41.00 to $43.00 and gave the company an “overweight” rating in a report on Tuesday.

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.