Teacher Retirement System of Texas Grows Holdings in Old Republic International Co. (NYSE:ORI)

Teacher Retirement System of Texas increased its stake in Old Republic International Co. (NYSE:ORI) by 18.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 176,627 shares of the insurance provider’s stock after buying an additional 27,733 shares during the period. Teacher Retirement System of Texas’ holdings in Old Republic International were worth $6,392,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Harvest Fund Management Co. Ltd bought a new stake in shares of Old Republic International in the 4th quarter worth about $133,000. Xponance Inc. grew its stake in Old Republic International by 2.3% in the fourth quarter. Xponance Inc. now owns 27,748 shares of the insurance provider’s stock worth $1,004,000 after purchasing an additional 626 shares in the last quarter. Axxcess Wealth Management LLC raised its stake in Old Republic International by 6.5% during the fourth quarter. Axxcess Wealth Management LLC now owns 15,761 shares of the insurance provider’s stock valued at $570,000 after buying an additional 960 shares in the last quarter. Parallel Advisors LLC lifted its holdings in Old Republic International by 1.6% during the 4th quarter. Parallel Advisors LLC now owns 18,884 shares of the insurance provider’s stock worth $683,000 after buying an additional 290 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its position in shares of Old Republic International by 14.9% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 10,108 shares of the insurance provider’s stock worth $366,000 after acquiring an additional 1,310 shares in the last quarter. 70.92% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Old Republic International

In other news, VP Thomas Dare sold 27,457 shares of Old Republic International stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $36.50, for a total transaction of $1,002,180.50. Following the sale, the vice president now owns 46,556 shares of the company’s stock, valued at approximately $1,699,294. The trade was a 37.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Craig R. Smiddy sold 5,296 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $38.60, for a total value of $204,425.60. Following the completion of the transaction, the chief executive officer now directly owns 138,222 shares of the company’s stock, valued at $5,335,369.20. This trade represents a 3.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 43,039 shares of company stock worth $1,580,733. 1.00% of the stock is owned by insiders.

Old Republic International Trading Down 0.4 %

NYSE ORI opened at $37.61 on Monday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.28 and a current ratio of 0.62. Old Republic International Co. has a one year low of $28.59 and a one year high of $39.27. The company has a 50-day simple moving average of $36.68 and a 200-day simple moving average of $36.30. The firm has a market capitalization of $9.33 billion, a PE ratio of 14.30 and a beta of 0.83.

Old Republic International (NYSE:ORI) last issued its earnings results on Thursday, January 23rd. The insurance provider reported $0.90 EPS 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%. On average, equities analysts forecast that Old Republic International Co. will post 3.17 earnings per share for the current year.

Old Republic International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Monday, March 10th were given a $0.29 dividend. The ex-dividend date of this dividend was Monday, March 10th. This is a positive change from Old Republic International’s previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a yield of 3.08%. Old Republic International’s dividend payout ratio (DPR) is currently 44.11%.

Old Republic International Company 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.