Teachers Retirement System of The State of Kentucky Decreases Position in Old Republic International Co. (NYSE:ORI)

Teachers Retirement System of The State of Kentucky lowered its position in Old Republic International Co. (NYSE:ORI) by 2.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 87,189 shares of the insurance provider’s stock after selling 2,210 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Old Republic International were worth $3,088,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in ORI. Allworth Financial LP increased its holdings in Old Republic International by 161.9% during the 3rd quarter. Allworth Financial LP now owns 728 shares of the insurance provider’s stock valued at $26,000 after acquiring an additional 450 shares in the last quarter. Innealta Capital LLC acquired a new stake in shares of Old Republic International in the second quarter valued at approximately $30,000. V Square Quantitative Management LLC acquired a new stake in shares of Old Republic International in the third quarter valued at approximately $31,000. FSA Wealth Management LLC purchased a new position in shares of Old Republic International during the 3rd quarter worth approximately $41,000. Finally, Huntington National Bank raised its position in shares of Old Republic International by 381.0% during the 3rd quarter. Huntington National Bank now owns 1,289 shares of the insurance provider’s stock worth $46,000 after purchasing an additional 1,021 shares during the last quarter. Institutional investors and hedge funds own 70.92% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Piper Sandler increased their target price on Old Republic International from $36.00 to $37.00 and gave the company an “overweight” rating in a report on Monday, October 21st.

Old Republic International Trading Up 1.6 %

Shares of ORI stock opened at $36.79 on Friday. Old Republic International Co. has a twelve month low of $27.19 and a twelve month high of $39.27. The company has a market capitalization of $9.33 billion, a price-to-earnings ratio of 12.69 and a beta of 0.86. The firm has a 50-day moving average price of $36.65 and a 200 day moving average price of $34.35. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.31.

Old Republic International Dividend Announcement

The company also recently disclosed a special dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, January 3rd will be paid a dividend of $2.00 per share. The ex-dividend date of this dividend is Friday, January 3rd. Old Republic International’s payout ratio is 36.55%.

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.