Old Republic International Co. (NYSE:ORI) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund lowered its holdings in shares of Old Republic International Co. (NYSE:ORI) by 3.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 360,139 shares of the insurance provider’s stock after selling 12,181 shares during the quarter. New York State Common Retirement Fund owned approximately 0.13% of Old Republic International worth $10,588,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Nordea Investment Management AB boosted its position in Old Republic International by 12.7% during the fourth quarter. Nordea Investment Management AB now owns 436,420 shares of the insurance provider’s stock worth $12,826,000 after purchasing an additional 49,329 shares in the last quarter. Teachers Retirement System of The State of Kentucky lifted its position in shares of Old Republic International by 92.2% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 93,599 shares of the insurance provider’s stock valued at $2,522,000 after acquiring an additional 44,895 shares in the last quarter. Assenagon Asset Management S.A. purchased a new position in shares of Old Republic International in the fourth quarter valued at approximately $3,270,000. Etesian Wealth Advisors Inc. lifted its position in shares of Old Republic International by 1.7% in the fourth quarter. Etesian Wealth Advisors Inc. now owns 49,520 shares of the insurance provider’s stock valued at $1,458,000 after acquiring an additional 808 shares in the last quarter. Finally, HBK Sorce Advisory LLC purchased a new position in shares of Old Republic International in the fourth quarter valued at approximately $1,063,000. Hedge funds and other institutional investors own 70.92% of the company’s stock.

Insider Activity at Old Republic International

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 transaction 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 legal filing with the SEC, which is available through this hyperlink. 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 transaction 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 legal filing with the SEC, which is available through this hyperlink. Also, Director Barbara Adachi bought 1,925 shares of the business’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 purchase, the director now owns 7,845 shares of the company’s stock, valued at $224,367. The disclosure for this purchase can be found here. Insiders own 0.78% of the company’s stock.

Old Republic International Price Performance

NYSE:ORI opened at $29.86 on Wednesday. Old Republic International Co. has a one year low of $24.17 and a one year high of $31.22. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.25 and a current ratio of 1.28. The stock has a market cap of $8.23 billion, a PE ratio of 11.62 and a beta of 0.81. The stock has a 50 day moving average price of $29.64 and a 200 day moving average price of $28.97.

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 $0.265 dividend. This represents a $1.06 annualized dividend and a dividend yield of 3.55%. The ex-dividend date of this dividend was Friday, March 8th. This is a boost from Old Republic International’s previous quarterly dividend of $0.25. Old Republic International’s dividend payout ratio (DPR) is currently 41.25%.

Analysts Set New Price Targets

Several research firms have recently weighed in on ORI. Piper Sandler raised their target price on Old Republic International from $32.00 to $38.00 and gave the company an “overweight” rating in a research report on Monday, April 1st. StockNews.com upgraded Old Republic International from a “hold” rating to a “buy” rating in a research report on Friday, April 26th.

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.