Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 903 Shares of Old Republic International Co. (NYSE:ORI)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lowered its stake in Old Republic International Co. (NYSE:ORI) by 1.7% in the 4th quarter, according to its most recent 13F filing with the Securities & 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 reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Cerity Partners LLC increased its stake in Old Republic International by 11.4% in the third quarter. Cerity Partners LLC now owns 14,052 shares of the insurance provider’s stock valued at $498,000 after purchasing an additional 1,434 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Old Republic International in the 3rd quarter valued at about $1,025,000. DRW Securities LLC bought a new stake in Old Republic International in the 3rd quarter valued at about $348,000. Bank of Montreal Can raised its stake in Old Republic International by 36.1% during the 3rd quarter. Bank of Montreal Can now owns 63,083 shares of the insurance provider’s stock worth $2,232,000 after buying an additional 16,744 shares during the period. Finally, Brooklyn Investment Group bought a new position in Old Republic International in the third quarter worth approximately $48,000. Institutional investors and hedge funds own 70.92% of the company’s stock.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other news, CEO Craig R. Smiddy sold 5,296 shares of Old Republic International stock in a transaction dated Monday, March 3rd. The shares were 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 owns 138,222 shares in the company, valued at $5,335,369.20. This trade represents a 3.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Thomas Dare sold 27,457 shares of the company’s stock in a transaction that occurred on 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 sale, the vice president now owns 46,556 shares in the company, valued at $1,699,294. The trade was a 37.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 43,039 shares of company stock valued at $1,580,733. Insiders own 1.00% of the company’s stock.

Old Republic International Stock Performance

Shares of ORI opened at $38.49 on Wednesday. The firm has a market capitalization of $9.55 billion, a P/E ratio of 14.63 and a beta of 0.83. Old Republic International Co. has a 52 week low of $28.59 and a 52 week high of $39.27. The stock has a 50 day moving average price of $36.85 and a two-hundred day moving average price of $36.35. 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 (NYSE:ORI) last announced its quarterly earnings results on Thursday, January 23rd. The insurance provider reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.19. Old Republic International had a return on equity of 20.32% and a net margin of 10.36%. Equities analysts forecast 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. Investors of record on Monday, March 10th were issued a dividend of $0.29 per share. This is a positive change from Old Republic International’s previous quarterly dividend of $0.27. This represents a $1.16 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date of this dividend was Monday, March 10th. Old Republic International’s dividend payout ratio (DPR) is 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.