Teacher Retirement System of Texas Has $6.39 Million Stock Position in Old Republic International Co. (NYSE:ORI)

Teacher Retirement System of Texas lifted its holdings in shares of Old Republic International Co. (NYSE:ORI - Free Report) by 18.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 176,627 shares of the insurance provider's stock after buying an additional 27,733 shares during the quarter. Teacher Retirement System of Texas owned about 0.07% of Old Republic International worth $6,392,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Natixis Advisors LLC grew its holdings in Old Republic International by 15.2% during the 3rd quarter. Natixis Advisors LLC now owns 61,528 shares of the insurance provider's stock worth $2,179,000 after acquiring an additional 8,136 shares during the period. Caprock Group LLC grew its stake in shares of Old Republic International by 5.8% during the third quarter. Caprock Group LLC now owns 10,123 shares of the insurance provider's stock worth $359,000 after purchasing an additional 553 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Old Republic International in the third quarter valued at about $2,705,000. Raymond James Trust N.A. lifted its stake in Old Republic International by 1.8% in the third quarter. Raymond James Trust N.A. now owns 24,816 shares of the insurance provider's stock valued at $879,000 after buying an additional 429 shares during the period. Finally, Cerity Partners LLC boosted its holdings in Old Republic International by 11.4% during the third quarter. Cerity Partners LLC now owns 14,052 shares of the insurance provider's stock worth $498,000 after buying an additional 1,434 shares during the last quarter. 70.92% of the stock is owned by institutional investors.

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Old Republic International Trading Up 1.1 %

Shares of NYSE ORI traded up $0.43 during midday trading on Thursday, reaching $39.08. 1,125,750 shares of the stock were exchanged, compared to its average volume of 1,227,987. Old Republic International Co. has a 12 month low of $28.59 and a 12 month high of $39.27. The company has a market capitalization of $9.70 billion, a price-to-earnings ratio of 14.86 and a beta of 0.83. 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 business has a 50-day simple moving average of $36.92 and a two-hundred day simple moving average of $36.37.

Old Republic International (NYSE:ORI - Get Free Report) last posted its earnings results on Thursday, January 23rd. The insurance provider reported $0.90 earnings per share 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%. As a group, equities research analysts expect that Old Republic International Co. will post 3.17 EPS 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 issued a dividend of $0.29 per share. 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 2.97%. The ex-dividend date of this dividend was Monday, March 10th. Old Republic International's dividend payout ratio (DPR) is 44.11%.

Insider Buying and Selling at Old Republic International

In other news, VP Thomas Dare sold 27,457 shares of the firm'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 completion of the transaction, the vice president now directly owns 46,556 shares of the company's stock, valued at $1,699,294. This trade represents a 37.10 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Jeffrey Lange sold 1,098 shares of Old Republic International stock in a transaction that occurred on Friday, January 31st. The shares were 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 in the company, 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. Over the last quarter, insiders have sold 43,039 shares of company stock valued at $1,580,733. 1.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

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

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.