Arizona State Retirement System Sells 3,600 Shares of Old Republic International Co. (NYSE:ORI)

Arizona State Retirement System lowered its holdings in shares of Old Republic International Co. (NYSE:ORI) by 4.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,592 shares of the insurance provider’s stock after selling 3,600 shares during the period. Arizona State Retirement System’s holdings in Old Republic International were worth $2,222,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of ORI. Allworth Financial LP boosted its position in shares of Old Republic International by 1,069.4% in the 3rd quarter. Allworth Financial LP now owns 994 shares of the insurance provider’s stock worth $27,000 after purchasing an additional 909 shares in the last quarter. Farther Finance Advisors LLC raised its stake in Old Republic International by 167.1% during the second quarter. Farther Finance Advisors LLC now owns 1,154 shares of the insurance provider’s stock valued at $29,000 after buying an additional 722 shares during the last quarter. BKM Wealth Management LLC bought a new stake in Old Republic International in the fourth quarter worth $29,000. Stonebridge Capital Advisors LLC grew its stake in shares of Old Republic International by 130.9% in the fourth quarter. Stonebridge Capital Advisors LLC now owns 1,411 shares of the insurance provider’s stock worth $34,000 after acquiring an additional 800 shares during the last quarter. Finally, Atlas Capital Advisors LLC bought a new position in shares of Old Republic International during the second quarter valued at $34,000. Institutional investors own 70.92% of the company’s stock.

Old Republic International Stock Down 0.1 %

ORI stock opened at $29.58 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.25 and a quick ratio of 0.25. Old Republic International Co. has a 1-year low of $24.03 and a 1-year high of $31.22. The stock has a market capitalization of $8.15 billion, a P/E ratio of 14.09 and a beta of 0.81. The business has a fifty day moving average price of $29.25 and a 200-day moving average price of $28.69.

Old Republic International (NYSE:ORI) last issued its earnings results on Thursday, January 25th. The insurance provider reported $0.69 earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.03). The business had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.95 billion. Old Republic International had a return on equity of 12.10% and a net margin of 8.25%. Equities analysts forecast 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. Investors of record on Monday, March 11th were given a dividend of $0.265 per share. This is an increase from Old Republic International’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Friday, March 8th. This represents a $1.06 dividend on an annualized basis and a yield of 3.58%. Old Republic International’s dividend payout ratio is 50.48%.

Analyst Ratings Changes

ORI has been the topic of a number of analyst reports. StockNews.com cut shares of Old Republic International from a “buy” rating to a “hold” rating in a research note on Friday, January 26th. Piper Sandler increased their price target on shares of Old Republic International from $32.00 to $38.00 and gave the company an “overweight” rating in a report on Monday, April 1st.

Insider Buying and Selling

In other news, SVP Carolyn Monroe sold 6,528 shares of the stock in a transaction on 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 of the company’s stock, valued at approximately $979,271.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Barbara Adachi bought 1,925 shares of the company’s stock in a transaction on Friday, February 16th. The shares were acquired at an average cost of $28.60 per share, with a total value 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Carolyn Monroe sold 6,528 shares of the business’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $27.71, for a total value of $180,890.88. Following the sale, the senior vice president now owns 35,340 shares of the company’s stock, valued at $979,271.40. The disclosure for this sale can be found here. 0.78% of the stock is currently owned by corporate insiders.

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.