Strs Ohio Cuts Position in Old Republic International Co. (NYSE:ORI)

Strs Ohio trimmed its position in shares of Old Republic International Co. (NYSE:ORI) by 6.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 106,418 shares of the insurance provider’s stock after selling 6,779 shares during the period. Strs Ohio’s holdings in Old Republic International were worth $3,128,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Allworth Financial LP increased its stake in shares of Old Republic International by 1,069.4% during the third quarter. Allworth Financial LP now owns 994 shares of the insurance provider’s stock worth $27,000 after buying an additional 909 shares during the period. BKM Wealth Management LLC purchased a new stake in shares of Old Republic International during the fourth quarter worth approximately $29,000. Global Retirement Partners LLC increased its stake in shares of Old Republic International by 526.1% during the fourth quarter. Global Retirement Partners LLC now owns 1,321 shares of the insurance provider’s stock worth $39,000 after buying an additional 1,110 shares during the period. Blue Trust Inc. increased its stake in shares of Old Republic International by 62.7% during the fourth quarter. Blue Trust Inc. now owns 1,365 shares of the insurance provider’s stock worth $37,000 after buying an additional 526 shares during the period. Finally, Stonebridge Capital Advisors LLC increased its stake in shares of Old Republic International by 130.9% during the fourth quarter. Stonebridge Capital Advisors LLC now owns 1,411 shares of the insurance provider’s stock worth $34,000 after buying an additional 800 shares during the period. 70.92% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Barbara Adachi purchased 1,925 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The stock was purchased at an average cost of $28.60 per share, with a total value of $55,055.00. Following the completion of the acquisition, the director now directly owns 7,845 shares in the company, valued at $224,367. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. In other Old Republic International news, SVP Carolyn Monroe sold 6,528 shares of the firm’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $27.71, for a total value of $180,890.88. Following the completion of the sale, the senior vice president now owns 35,340 shares of the company’s stock, valued at $979,271.40. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Barbara Adachi bought 1,925 shares of Old Republic International stock in a transaction on Friday, February 16th. The stock was acquired at an average cost of $28.60 per share, with a total value of $55,055.00. Following the acquisition, the director now owns 7,845 shares of the company’s stock, valued at approximately $224,367. The disclosure for this purchase can be found here. Corporate insiders own 1.00% of the company’s stock.

Old Republic International Price Performance

ORI stock opened at $29.12 on Friday. The company has a market capitalization of $8.02 billion, a P/E ratio of 13.87 and a beta of 0.81. Old Republic International Co. has a twelve month low of $24.03 and a twelve month high of $31.22. The business has a 50 day simple moving average of $29.36 and a 200-day simple moving average of $28.75. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.25.

Old Republic International (NYSE:ORI) last posted its quarterly earnings data on Thursday, January 25th. The insurance provider reported $0.69 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.03). Old Republic International had a net margin of 8.25% and a return on equity of 12.10%. The firm had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.95 billion. As a group, equities analysts anticipate that Old Republic International Co. will post 2.7 EPS for the current year.

Old Republic International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Monday, March 11th were issued a dividend of $0.265 per share. The ex-dividend date of this dividend was Friday, March 8th. This is an increase from Old Republic International’s previous quarterly dividend of $0.25. This represents a $1.06 annualized dividend and a dividend yield of 3.64%. Old Republic International’s dividend payout ratio (DPR) is currently 50.48%.

Wall Street Analysts Forecast Growth

ORI has been the topic of several recent analyst reports. StockNews.com lowered 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 research note on Monday, April 1st.

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.