Amalgamated Bank Has $5.56 Million Stock Position in Old Republic International Co. (NYSE:ORI)

Amalgamated Bank cut its holdings in Old Republic International Co. (NYSE:ORI) by 2.7% during the 4th quarter, HoldingsChannel reports. The fund owned 189,026 shares of the insurance provider’s stock after selling 5,331 shares during the quarter. Amalgamated Bank’s holdings in Old Republic International were worth $5,557,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Allworth Financial LP raised its stake in Old Republic International by 1,069.4% in the third quarter. Allworth Financial LP now owns 994 shares of the insurance provider’s stock valued at $27,000 after purchasing an additional 909 shares in the last quarter. BKM Wealth Management LLC bought a new stake in Old Republic International during the fourth quarter worth $29,000. Naples Money Management LLC acquired a new stake in shares of Old Republic International in the 4th quarter valued at $34,000. GAMMA Investing LLC acquired a new position in shares of Old Republic International during the 4th quarter worth $34,000. Finally, Global Retirement Partners LLC lifted its position in shares of Old Republic International by 526.1% during the 4th quarter. Global Retirement Partners LLC now owns 1,321 shares of the insurance provider’s stock worth $39,000 after buying an additional 1,110 shares during the last quarter. 70.92% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Old Republic International

In related news, Director Therace Risch purchased 6,086 shares of Old Republic International stock in a transaction on Tuesday, April 30th. The shares were purchased at an average price of $29.77 per share, for a total transaction of $181,180.22. Following the transaction, the director now owns 6,086 shares of the company’s stock, valued at approximately $181,180.22. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, SVP Carolyn Monroe sold 3,377 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $30.04, for a total value of $101,445.08. Following the transaction, the senior vice president now owns 33,556 shares in the company, valued at approximately $1,008,022.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Therace Risch acquired 6,086 shares of the firm’s stock in a transaction dated Tuesday, April 30th. The shares were purchased at an average price of $29.77 per share, with a total value of $181,180.22. Following the completion of the transaction, the director now owns 6,086 shares of the company’s stock, valued at $181,180.22. The disclosure for this purchase can be found here. 0.78% of the stock is currently owned by company insiders.

Old Republic International Stock Performance

Old Republic International stock opened at $30.87 on Tuesday. The business has a 50 day moving average of $29.79 and a 200-day moving average of $29.06. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.28 and a quick ratio of 0.25. Old Republic International Co. has a 1 year low of $24.17 and a 1 year high of $31.22. The company has a market capitalization of $8.50 billion, a P/E ratio of 12.01 and a beta of 0.81.

Old Republic International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Monday, March 11th were paid a $0.265 dividend. This is a boost from Old Republic International’s previous quarterly dividend of $0.25. The ex-dividend date was Friday, March 8th. This represents a $1.06 annualized dividend and a dividend yield of 3.43%. Old Republic International’s payout ratio is currently 41.25%.

Analyst Ratings Changes

Several brokerages have commented on ORI. Piper Sandler boosted their target price on Old Republic International from $32.00 to $38.00 and gave the stock an “overweight” rating in a research note on Monday, April 1st. StockNews.com upgraded shares of Old Republic International from a “hold” rating to a “buy” rating in a research report on Friday, April 26th.

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.