State of New Jersey Common Pension Fund D Reduces Stock Holdings in Old Republic International Co. (NYSE:ORI)

State of New Jersey Common Pension Fund D lowered its stake in shares of Old Republic International Co. (NYSE:ORI) by 32.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 81,558 shares of the insurance provider’s stock after selling 39,047 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Old Republic International were worth $2,520,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in ORI. BNP Paribas Financial Markets lifted its position in shares of Old Republic International by 18.9% during the fourth quarter. BNP Paribas Financial Markets now owns 29,717 shares of the insurance provider’s stock worth $874,000 after acquiring an additional 4,716 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Old Republic International by 10,794.8% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 14,708 shares of the insurance provider’s stock worth $432,000 after acquiring an additional 14,573 shares in the last quarter. Norges Bank purchased a new stake in shares of Old Republic International during the fourth quarter worth $89,446,000. PNC Financial Services Group Inc. lifted its position in shares of Old Republic International by 2.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 222,709 shares of the insurance provider’s stock worth $6,548,000 after acquiring an additional 5,320 shares in the last quarter. Finally, Coldstream Capital Management Inc. lifted its position in shares of Old Republic International by 3.0% during the fourth quarter. Coldstream Capital Management Inc. now owns 18,710 shares of the insurance provider’s stock worth $550,000 after acquiring an additional 543 shares in the last quarter. Hedge funds and other institutional investors own 70.92% of the company’s stock.

Old Republic International Trading Up 0.3 %

NYSE:ORI opened at $35.51 on Thursday. The company has a market cap of $9.18 billion, a P/E ratio of 13.82 and a beta of 0.84. The stock’s fifty day moving average price is $34.13 and its two-hundred day moving average price is $31.69. Old Republic International Co. has a 1 year low of $26.08 and a 1 year high of $36.09. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.29 and a quick ratio of 0.29.

Old Republic International (NYSE:ORI) last posted its earnings results on Thursday, July 25th. The insurance provider reported $0.76 EPS for the quarter, topping the consensus estimate of $0.61 by $0.15. Old Republic International had a return on equity of 12.57% and a net margin of 8.59%. The business had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.92 billion. During the same period in the previous year, the business earned $0.62 earnings per share. As a group, analysts expect that Old Republic International Co. will post 2.83 EPS for the current year.

Old Republic International Announces Dividend

The business also recently disclosed an annual dividend, which was paid on Monday, September 16th. Investors of record on Friday, September 6th were given a $1.06 dividend. This represents a dividend yield of 3.05%. The ex-dividend date was Friday, September 6th. Old Republic International’s dividend payout ratio (DPR) is 41.25%.

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.