California State Teachers Retirement System cut its holdings in shares of Old Republic International Co. (NYSE:ORI) by 7.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 414,013 shares of the insurance provider’s stock after selling 35,455 shares during the period. California State Teachers Retirement System owned about 0.16% of Old Republic International worth $8,152,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. State of Wisconsin Investment Board lifted its stake in shares of Old Republic International by 0.7% in the 2nd quarter. State of Wisconsin Investment Board now owns 48,609 shares of the insurance provider’s stock valued at $949,000 after acquiring an additional 350 shares during the last quarter. Stephens Inc. AR lifted its stake in shares of Old Republic International by 2.3% in the 2nd quarter. Stephens Inc. AR now owns 21,878 shares of the insurance provider’s stock valued at $427,000 after acquiring an additional 500 shares during the last quarter. Utah Retirement Systems lifted its stake in shares of Old Republic International by 1.4% in the 2nd quarter. Utah Retirement Systems now owns 44,588 shares of the insurance provider’s stock valued at $870,000 after acquiring an additional 600 shares during the last quarter. Krilogy Financial LLC lifted its stake in shares of Old Republic International by 3.3% in the 2nd quarter. Krilogy Financial LLC now owns 21,105 shares of the insurance provider’s stock valued at $412,000 after acquiring an additional 675 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Old Republic International by 7.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,655 shares of the insurance provider’s stock valued at $189,000 after acquiring an additional 710 shares during the last quarter. Hedge funds and other institutional investors own 70.64% of the company’s stock.

Shares of Old Republic International Co. (NYSE:ORI) opened at $21.46 on Thursday. The firm has a market capitalization of $5,566.32, a price-to-earnings ratio of 15.66 and a beta of 1.36. Old Republic International Co. has a 1-year low of $17.92 and a 1-year high of $21.56. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.32.

Old Republic International (NYSE:ORI) last posted its quarterly earnings data on Thursday, October 26th. The insurance provider reported $0.09 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.06. The business had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.52 billion. Old Republic International had a return on equity of 7.50% and a net margin of 6.45%. Old Republic International’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.37 earnings per share. equities analysts anticipate that Old Republic International Co. will post 1.17 EPS for the current fiscal year.

The business also recently disclosed a None dividend, which will be paid on Wednesday, January 31st. Investors of record on Wednesday, January 10th will be issued a $1.00 dividend. The ex-dividend date is Tuesday, January 9th. Old Republic International’s payout ratio is 55.47%.

In other Old Republic International news, COO R Scott Rager sold 47,500 shares of the stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $21.00, for a total transaction of $997,500.00. Following the completion of the sale, the chief operating officer now directly owns 40,000 shares in the company, valued at approximately $840,000. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Charles S. Boone sold 15,000 shares of the stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $20.96, for a total value of $314,400.00. Following the sale, the vice president now owns 22,750 shares of the company’s stock, valued at $476,840. The disclosure for this sale can be found here. Insiders sold 81,552 shares of company stock valued at $1,711,992 over the last 90 days. 2.00% of the stock is currently owned by company insiders.

A number of research analysts have recently commented on the company. Zacks Investment Research upgraded Old Republic International from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research note on Thursday. Raymond James Financial upgraded Old Republic International from an “outperform” rating to a “strong-buy” rating and increased their price target for the company from $23.00 to $25.00 in a research note on Monday, October 30th.

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Old Republic International Company Profile

Old Republic International Corporation is a holding company. The Company is engaged in business of insurance underwriting and related services. The Company conducts its operations through various regulated insurance company subsidiaries, which are organized into three segments: General Insurance Group, Title Insurance Group and the Republic Financial Indemnity Group (RFIG) Run-off Business.

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Institutional Ownership by Quarter for Old Republic International (NYSE:ORI)

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