Teachers Retirement System of The State of Kentucky Lowers Stock Holdings in Old Republic International Co. (NYSE:ORI)

Teachers Retirement System of The State of Kentucky trimmed its stake in Old Republic International Co. (NYSE:ORI) by 4.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 89,399 shares of the insurance provider’s stock after selling 4,200 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Old Republic International were worth $2,629,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. BKM Wealth Management LLC purchased a new stake in shares of Old Republic International in the 4th quarter worth approximately $29,000. Naples Money Management LLC bought a new position in shares of Old Republic International during the 4th quarter worth approximately $34,000. GAMMA Investing LLC acquired a new position in Old Republic International during the 4th quarter valued at approximately $34,000. Global Retirement Partners LLC increased its stake in Old Republic International by 526.1% during the 4th quarter. Global Retirement Partners LLC now owns 1,321 shares of the insurance provider’s stock valued at $39,000 after purchasing an additional 1,110 shares in the last quarter. Finally, Quarry LP acquired a new position in Old Republic International during the 4th quarter valued at approximately $39,000. 70.92% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Therace Risch purchased 6,086 shares of the company’s stock in a transaction on Tuesday, April 30th. The stock was acquired at an average cost of $29.77 per share, for a total transaction of $181,180.22. Following the completion of the transaction, the director now directly owns 6,086 shares in the company, valued at $181,180.22. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, SVP Carolyn Monroe sold 3,377 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $30.04, for a total value of $101,445.08. Following the completion of the transaction, the senior vice president now owns 33,556 shares of the company’s stock, valued at $1,008,022.24. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Therace Risch acquired 6,086 shares of the stock in a transaction dated Tuesday, April 30th. The stock was acquired at an average cost of $29.77 per share, with a total value of $181,180.22. Following the purchase, the director now owns 6,086 shares of the company’s stock, valued at approximately $181,180.22. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 9,172 shares of company stock worth $282,286. Insiders own 0.78% of the company’s stock.

Old Republic International Stock Performance

NYSE:ORI opened at $30.27 on Thursday. The company’s 50-day moving average price is $30.62 and its 200-day moving average price is $29.72. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.31. The company has a market cap of $8.23 billion, a P/E ratio of 11.78 and a beta of 0.83. Old Republic International Co. has a twelve month low of $24.17 and a twelve month high of $32.26.

Old Republic International (NYSE:ORI) last posted its quarterly earnings results on Thursday, April 25th. The insurance provider reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.01. The firm had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.84 billion. Old Republic International had a net margin of 9.52% and a return on equity of 12.15%. On average, sell-side analysts forecast that Old Republic International Co. will post 2.73 earnings per share for the current fiscal year.

Old Republic International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Tuesday, June 4th were given a dividend of $0.265 per share. This represents a $1.06 annualized dividend and a yield of 3.50%. The ex-dividend date was Tuesday, June 4th. Old Republic International’s payout ratio is currently 41.25%.

Wall Street Analysts Forecast Growth

ORI has been the topic of a number of research reports. Piper Sandler increased their price objective on shares of Old Republic International from $32.00 to $38.00 and gave the stock an “overweight” rating in a research note on Monday, April 1st. StockNews.com raised shares of Old Republic International from a “hold” rating to a “buy” rating in a report on Friday, April 26th.

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.