Commonwealth of Pennsylvania Public School Empls Retrmt SYS Trims Position in Old Republic International Co. (NYSE:ORI)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS trimmed its position in Old Republic International Co. (NYSE:ORI) by 1.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,519 shares of the insurance provider’s stock after selling 903 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Old Republic International were worth $1,864,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Wilmington Savings Fund Society FSB bought a new position in Old Republic International in the 3rd quarter valued at $28,000. Fairway Wealth LLC bought a new stake in Old Republic International during the fourth quarter valued at $29,000. SBI Securities Co. Ltd. bought a new position in Old Republic International in the 4th quarter worth about $34,000. Core Alternative Capital purchased a new stake in shares of Old Republic International in the 4th quarter valued at about $36,000. Finally, Synergy Asset Management LLC bought a new stake in shares of Old Republic International during the 4th quarter valued at about $39,000. 70.92% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Old Republic International

In other news, VP Thomas Dare sold 27,457 shares of the stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $36.50, for a total transaction of $1,002,180.50. Following the completion of the sale, the vice president now directly owns 46,556 shares in the company, valued at approximately $1,699,294. This represents a 37.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Jeffrey Lange sold 1,098 shares of the company’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $36.56, for a total transaction of $40,142.88. Following the completion of the transaction, the senior vice president now owns 34,679 shares of the company’s stock, valued at $1,267,864.24. This trade represents a 3.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 43,039 shares of company stock worth $1,580,733 over the last three months. Company insiders own 1.00% of the company’s stock.

Old Republic International Stock Up 0.3 %

ORI opened at $38.49 on Wednesday. The company has a quick ratio of 0.28, a current ratio of 0.62 and a debt-to-equity ratio of 0.28. The business’s fifty day simple moving average is $36.85 and its 200 day simple moving average is $36.35. Old Republic International Co. has a 52 week low of $28.59 and a 52 week high of $39.27. The stock has a market cap of $9.55 billion, a PE ratio of 14.63 and a beta of 0.83.

Old Republic International (NYSE:ORI) last announced its quarterly earnings data on Thursday, January 23rd. The insurance provider reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.19. Old Republic International had a return on equity of 20.32% and a net margin of 10.36%. As a group, research analysts expect that Old Republic International Co. will post 3.17 earnings per share for the current fiscal year.

Old Republic International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Monday, March 10th were paid a $0.29 dividend. The ex-dividend date was Monday, March 10th. This is an increase from Old Republic International’s previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a yield of 3.01%. Old Republic International’s payout ratio is currently 44.11%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Old Republic International from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th.

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.