Amalgamated Bank Trims Stock Holdings in Old Republic International Co. (NYSE:ORI)

Amalgamated Bank trimmed its holdings in Old Republic International Co. (NYSE:ORIGet Rating) by 3.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 197,381 shares of the insurance provider’s stock after selling 6,271 shares during the period. Amalgamated Bank owned approximately 0.06% of Old Republic International worth $5,106,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. National Asset Management Inc. grew its position in shares of Old Republic International by 18.7% during the 1st quarter. National Asset Management Inc. now owns 14,963 shares of the insurance provider’s stock valued at $388,000 after purchasing an additional 2,355 shares in the last quarter. Seven Eight Capital LP purchased a new position in shares of Old Republic International during the 1st quarter valued at $369,000. Quent Capital LLC purchased a new position in shares of Old Republic International during the 4th quarter valued at $32,000. Nisa Investment Advisors LLC grew its position in shares of Old Republic International by 10.0% during the 1st quarter. Nisa Investment Advisors LLC now owns 62,600 shares of the insurance provider’s stock valued at $1,619,000 after purchasing an additional 5,700 shares in the last quarter. Finally, Jupiter Asset Management Ltd. grew its position in shares of Old Republic International by 6.0% during the 1st quarter. Jupiter Asset Management Ltd. now owns 1,740,888 shares of the insurance provider’s stock valued at $45,037,000 after purchasing an additional 98,558 shares in the last quarter. 72.27% of the stock is currently owned by hedge funds and other institutional investors.

Old Republic International Stock Performance

NYSE ORI opened at $22.20 on Tuesday. Old Republic International Co. has a 52-week low of $20.93 and a 52-week high of $27.19. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.55 and a current ratio of 0.55. The company has a market capitalization of $6.84 billion, a P/E ratio of 6.89 and a beta of 0.81. The company has a fifty day moving average of $22.76 and a 200-day moving average of $23.36.

Old Republic International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st were issued a dividend of $1.23 per share. This is an increase from Old Republic International’s previous quarterly dividend of $0.23. This represents a $4.92 dividend on an annualized basis and a dividend yield of 22.16%. The ex-dividend date was Wednesday, August 31st. Old Republic International’s payout ratio is currently 28.57%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Old Republic International from a “hold” rating to a “buy” rating in a report on Monday, August 1st.

Old Republic International Profile

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Old Republic International Corporation, through its subsidiaries, engages in the insurance underwriting and related services business primarily in the United States and Canada. The company operates through three segments: General Insurance, Title Insurance, and the Republic Financial Indemnity Group Run-off Business.

Further Reading

Institutional Ownership by Quarter for Old Republic International (NYSE:ORI)

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