New Mexico Educational Retirement Board Lowers Stock Holdings in Old Republic International Co. (NYSE:ORI)

New Mexico Educational Retirement Board trimmed its holdings in shares of Old Republic International Co. (NYSE:ORI - Free Report) by 14.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 48,258 shares of the insurance provider's stock after selling 8,142 shares during the quarter. New Mexico Educational Retirement Board's holdings in Old Republic International were worth $1,746,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of ORI. V Square Quantitative Management LLC grew its holdings in Old Republic International by 63.8% during the fourth quarter. V Square Quantitative Management LLC now owns 1,443 shares of the insurance provider's stock valued at $52,000 after purchasing an additional 562 shares during the period. Core Alternative Capital bought a new position in Old Republic International during the fourth quarter valued at $36,000. Newbridge Financial Services Group Inc. bought a new position in Old Republic International during the fourth quarter valued at $203,000. Entropy Technologies LP bought a new position in Old Republic International during the fourth quarter valued at $2,702,000. Finally, Lecap Asset Management Ltd. bought a new position in Old Republic International during the fourth quarter valued at $284,000. 70.92% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Old Republic International

In related news, SVP Jeffrey Lange sold 1,098 shares of Old Republic International 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 sale, the senior vice president now owns 34,679 shares of the company's stock, valued at approximately $1,267,864.24. This trade represents a 3.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Carolyn Monroe sold 9,188 shares of Old Republic International stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $36.35, for a total value of $333,983.80. Following the sale, the senior vice president now directly owns 33,556 shares of the company's stock, valued at $1,219,760.60. This represents a 21.50 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.78% of the company's stock.

Old Republic International Stock Performance

Shares of Old Republic International stock traded up $0.05 during trading hours on Wednesday, reaching $36.59. The company had a trading volume of 921,711 shares, compared to its average volume of 1,104,047. Old Republic International Co. has a one year low of $28.20 and a one year high of $39.27. The business has a fifty day simple moving average of $35.98 and a 200 day simple moving average of $35.89. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.62 and a quick ratio of 0.28. The firm has a market cap of $9.28 billion, a PE ratio of 13.91 and a beta of 0.88.

Old Republic International (NYSE:ORI - Get Free Report) last posted its quarterly earnings results on Thursday, January 23rd. The insurance provider reported $0.90 EPS for the quarter, topping 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, analysts anticipate that Old Republic International Co. will post 3.17 earnings per share for the current fiscal year.

Old Republic International Dividend Announcement

The business also recently declared a special dividend, which was paid on Wednesday, January 15th. Stockholders of record on Friday, January 3rd were issued a $2.00 dividend. The ex-dividend date was Friday, January 3rd. Old Republic International's payout ratio is currently 40.30%.

Analysts Set New Price Targets

Separately, StockNews.com lowered Old Republic International from a "strong-buy" rating to a "buy" rating in a report on Saturday, February 1st.

About Old Republic International

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.