Old Republic International Co. (NYSE:ORI) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama trimmed its stake in Old Republic International Co. (NYSE:ORI - Free Report) by 3.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 616,588 shares of the insurance provider's stock after selling 23,135 shares during the quarter. Retirement Systems of Alabama owned approximately 0.24% of Old Republic International worth $21,840,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its holdings in shares of Old Republic International by 7.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 7,542,836 shares of the insurance provider's stock valued at $233,073,000 after acquiring an additional 532,251 shares in the last quarter. Hamlin Capital Management LLC grew its holdings in shares of Old Republic International by 8.0% in the third quarter. Hamlin Capital Management LLC now owns 5,134,096 shares of the insurance provider's stock worth $181,850,000 after purchasing an additional 379,474 shares during the last quarter. Point72 Asset Management L.P. boosted its holdings in shares of Old Republic International by 162.4% during the third quarter. Point72 Asset Management L.P. now owns 610,150 shares of the insurance provider's stock worth $21,612,000 after purchasing an additional 377,605 shares during the period. Lighthouse Investment Partners LLC purchased a new stake in Old Republic International in the second quarter worth $10,641,000. Finally, LSV Asset Management lifted its position in shares of Old Republic International by 14.4% in the 2nd quarter. LSV Asset Management now owns 1,838,307 shares of the insurance provider's stock worth $56,804,000 after purchasing an additional 231,600 shares during the period. Hedge funds and other institutional investors own 70.92% of the company's stock.

Old Republic International Trading Up 1.6 %

Shares of Old Republic International stock traded up $0.58 on Friday, reaching $36.79. The company had a trading volume of 1,219,966 shares, compared to its average volume of 1,390,231. The firm has a market cap of $9.33 billion, a price-to-earnings ratio of 12.69 and a beta of 0.86. The firm's 50-day moving average price is $36.65 and its two-hundred day moving average price is $34.37. Old Republic International Co. has a 1 year low of $27.19 and a 1 year high of $39.27. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.28 and a quick ratio of 0.28.

Old Republic International Announces Dividend

The firm also recently declared a special dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, January 3rd will be issued a $2.00 dividend. The ex-dividend date is Friday, January 3rd. Old Republic International's dividend payout ratio is presently 36.55%.

Analysts Set New Price Targets

Separately, Piper Sandler lifted their price objective on Old Republic International from $36.00 to $37.00 and gave the company an "overweight" rating in a research note on Monday, October 21st.

Old Republic International 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.