California State Teachers Retirement System decreased its position in shares of Old Republic International Co. (NYSE:ORI) by 0.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 465,983 shares of the insurance provider’s stock after selling 3,352 shares during the quarter. California State Teachers Retirement System owned 0.15% of Old Republic International worth $9,585,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. BlackRock Inc. lifted its stake in Old Republic International by 5.0% in the 4th quarter. BlackRock Inc. now owns 31,855,862 shares of the insurance provider’s stock valued at $655,273,000 after buying an additional 1,514,309 shares in the last quarter. Vanguard Group Inc. lifted its stake in Old Republic International by 3.8% in the 3rd quarter. Vanguard Group Inc. now owns 26,280,159 shares of the insurance provider’s stock valued at $588,150,000 after buying an additional 958,745 shares in the last quarter. Vanguard Group Inc lifted its stake in Old Republic International by 3.8% in the 3rd quarter. Vanguard Group Inc now owns 26,280,159 shares of the insurance provider’s stock valued at $588,150,000 after buying an additional 958,745 shares in the last quarter. Renaissance Technologies LLC lifted its stake in Old Republic International by 3.2% in the 3rd quarter. Renaissance Technologies LLC now owns 8,712,185 shares of the insurance provider’s stock valued at $194,979,000 after buying an additional 267,900 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Old Republic International by 2.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 7,276,202 shares of the insurance provider’s stock valued at $149,673,000 after buying an additional 142,057 shares in the last quarter. 72.98% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts recently issued reports on the company. TheStreet lowered Old Republic International from a “b” rating to a “c+” rating in a research note on Thursday, January 24th. Zacks Investment Research lowered Old Republic International from a “buy” rating to a “hold” rating in a research note on Wednesday, December 26th.
Shares of ORI opened at $20.52 on Thursday. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.46 and a quick ratio of 0.46. The firm has a market capitalization of $6.39 billion, a price-to-earnings ratio of 11.03 and a beta of 0.90. Old Republic International Co. has a fifty-two week low of $19.52 and a fifty-two week high of $23.05.
Old Republic International (NYSE:ORI) last issued its quarterly earnings results on Thursday, January 24th. The insurance provider reported $0.45 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.03. The company had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.57 billion. Old Republic International had a return on equity of 10.79% and a net margin of 6.15%. Old Republic International’s revenue was up 1.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.33 EPS. On average, analysts forecast that Old Republic International Co. will post 1.85 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, March 5th were issued a $0.20 dividend. The ex-dividend date of this dividend was Monday, March 4th. This is an increase from Old Republic International’s previous quarterly dividend of $0.20. This represents a $0.80 annualized dividend and a yield of 3.90%. Old Republic International’s payout ratio is 43.01%.
In other Old Republic International news, CEO Aldo C. Zucaro purchased 5,000 shares of the business’s stock in a transaction on Monday, January 28th. The stock was bought at an average cost of $19.87 per share, for a total transaction of $99,350.00. Following the acquisition, the chief executive officer now owns 1,260,080 shares of the company’s stock, valued at approximately $25,037,789.60. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders acquired a total of 5,600 shares of company stock valued at $111,870 over the last quarter. 1.90% of the stock is currently owned by insiders.
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About Old Republic International
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 Group, Title Insurance Group, and the Republic Financial Indemnity Group Run-off Business.
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