Retirement Systems of Alabama Has $19.77 Million Holdings in Old Republic International Co. (NYSE:ORI)

Retirement Systems of Alabama decreased its stake in Old Republic International Co. (NYSE:ORI) by 2.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 639,723 shares of the insurance provider’s stock after selling 15,414 shares during the quarter. Retirement Systems of Alabama owned 0.24% of Old Republic International worth $19,767,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Norges Bank acquired a new position in shares of Old Republic International in the 4th quarter valued at $89,446,000. Vanguard Group Inc. lifted its holdings in Old Republic International by 6.3% during the first quarter. Vanguard Group Inc. now owns 28,156,630 shares of the insurance provider’s stock worth $864,972,000 after acquiring an additional 1,661,147 shares in the last quarter. California Public Employees Retirement System grew its stake in Old Republic International by 174.1% in the fourth quarter. California Public Employees Retirement System now owns 1,380,617 shares of the insurance provider’s stock valued at $40,590,000 after acquiring an additional 876,872 shares during the period. Los Angeles Capital Management LLC increased its holdings in shares of Old Republic International by 3,068.8% in the fourth quarter. Los Angeles Capital Management LLC now owns 488,434 shares of the insurance provider’s stock worth $14,360,000 after acquiring an additional 473,020 shares in the last quarter. Finally, Capital Fund Management S.A. raised its position in shares of Old Republic International by 192.1% during the fourth quarter. Capital Fund Management S.A. now owns 337,054 shares of the insurance provider’s stock worth $9,909,000 after purchasing an additional 221,682 shares during the period. Institutional investors and hedge funds own 70.92% of the company’s stock.

Old Republic International Trading Up 1.2 %

NYSE:ORI opened at $35.24 on Friday. The business’s 50-day simple moving average is $32.39 and its 200-day simple moving average is $30.84. Old Republic International Co. has a fifty-two week low of $26.08 and a fifty-two week high of $35.39. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.29 and a quick ratio of 0.29. The stock has a market capitalization of $9.58 billion, a PE ratio of 13.71 and a beta of 0.83.

Old Republic International (NYSE:ORI) last released its quarterly earnings results on Thursday, July 25th. The insurance provider reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.15. Old Republic International had a net margin of 8.59% and a return on equity of 12.57%. The company had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.92 billion. During the same quarter in the prior year, the company earned $0.62 earnings per share. Sell-side analysts expect that Old Republic International Co. will post 2.83 earnings per share for the current fiscal year.

Old Republic International Announces Dividend

The company also recently announced an annual dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, September 6th will be issued a dividend of $1.06 per share. This represents a yield of 3.05%. The ex-dividend date of this dividend is Thursday, September 5th. Old Republic International’s dividend payout ratio (DPR) is presently 41.25%.

Insider Buying and Selling at Old Republic International

In related news, SVP Carolyn Monroe sold 4,503 shares of Old Republic International stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $31.28, for a total value of $140,853.84. Following the sale, the senior vice president now owns 33,556 shares of the company’s stock, valued at approximately $1,049,631.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.00% of the company’s stock.

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.