New York State Teachers Retirement System Sells 53,513 Shares of Old Republic International Co. (NYSE:ORI)

New York State Teachers Retirement System lessened its stake in shares of Old Republic International Co. (NYSE:ORI - Free Report) by 15.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 282,276 shares of the insurance provider's stock after selling 53,513 shares during the quarter. New York State Teachers Retirement System owned about 0.11% of Old Republic International worth $10,216,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Hamlin Capital Management LLC raised its stake in Old Republic International by 8.0% during the 3rd quarter. Hamlin Capital Management LLC now owns 5,134,096 shares of the insurance provider's stock worth $181,850,000 after buying an additional 379,474 shares during the period. Raymond James & Associates raised its position in shares of Old Republic International by 2.4% during the third quarter. Raymond James & Associates now owns 1,072,899 shares of the insurance provider's stock worth $38,002,000 after purchasing an additional 25,610 shares during the period. Systematic Financial Management LP lifted its holdings in shares of Old Republic International by 9.6% in the 3rd quarter. Systematic Financial Management LP now owns 882,782 shares of the insurance provider's stock worth $31,268,000 after purchasing an additional 77,583 shares in the last quarter. JPMorgan Chase & Co. grew its position in Old Republic International by 5.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 851,492 shares of the insurance provider's stock valued at $30,160,000 after purchasing an additional 42,934 shares during the period. Finally, Point72 Asset Management L.P. increased its stake in Old Republic International by 162.4% during the 3rd quarter. Point72 Asset Management L.P. now owns 610,150 shares of the insurance provider's stock valued at $21,612,000 after purchasing an additional 377,605 shares in the last quarter. 70.92% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Old Republic International news, SVP Jeffrey Lange sold 1,098 shares of the stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $36.56, for a total value of $40,142.88. Following the completion of the sale, the senior vice president now owns 34,679 shares in the company, valued at approximately $1,267,864.24. This trade represents a 3.07 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Carolyn Monroe sold 9,188 shares of Old Republic International stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $36.35, for a total transaction of $333,983.80. Following the transaction, the senior vice president now directly owns 33,556 shares in the company, valued at approximately $1,219,760.60. This represents a 21.50 % decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

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

Old Republic International Stock Up 0.2 %

ORI stock traded up $0.09 during mid-day trading on Friday, reaching $36.51. 1,198,830 shares of the company traded hands, compared to its average volume of 1,102,607. The stock has a market cap of $9.26 billion, a price-to-earnings ratio of 13.88 and a beta of 0.88. Old Republic International Co. has a fifty-two week low of $28.20 and a fifty-two week high of $39.27. The firm's 50 day moving average price is $35.99 and its 200 day moving average price is $35.90. The company has a quick ratio of 0.28, a current ratio of 0.62 and a debt-to-equity ratio of 0.28.

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

Old Republic International Dividend Announcement

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

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.