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

Amalgamated Bank cut its position in shares of Old Republic International Co. (NYSE:ORI - Free Report) by 28.0% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 114,034 shares of the insurance provider's stock after selling 44,249 shares during the quarter. Amalgamated Bank's holdings in Old Republic International were worth $4,039,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ORI. Allworth Financial LP raised its holdings in Old Republic International by 161.9% during the third quarter. Allworth Financial LP now owns 728 shares of the insurance provider's stock worth $26,000 after purchasing an additional 450 shares during the last quarter. Versant Capital Management Inc raised its holdings in shares of Old Republic International by 555.6% in the second quarter. Versant Capital Management Inc now owns 885 shares of the insurance provider's stock worth $27,000 after acquiring an additional 750 shares during the last quarter. Mather Group LLC. raised its holdings in shares of Old Republic International by 201.0% in the second quarter. Mather Group LLC. now owns 894 shares of the insurance provider's stock worth $27,000 after acquiring an additional 597 shares during the last quarter. Innealta Capital LLC acquired a new position in shares of Old Republic International in the second quarter worth $30,000. Finally, V Square Quantitative Management LLC acquired a new position in shares of Old Republic International in the third quarter worth $31,000. 70.92% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Old Republic International Price Performance

Shares of NYSE ORI traded up $0.50 during trading on Friday, reaching $36.83. The company had a trading volume of 1,200,720 shares, compared to its average volume of 1,037,556. The stock has a market capitalization of $9.34 billion, a PE ratio of 12.70 and a beta of 0.84. The stock has a 50-day moving average price of $35.42 and a two-hundred day moving average price of $33.15. Old Republic International Co. has a twelve month low of $27.19 and a twelve month high of $37.16. The company has a current ratio of 0.28, a quick ratio of 0.29 and a debt-to-equity ratio of 0.31.

Old Republic International Dividend Announcement

The firm also recently announced an annual dividend, which was paid on Monday, September 16th. Investors of record on Friday, September 6th were paid a $1.06 dividend. The ex-dividend date was Friday, September 6th. This represents a yield of 3.05%. Old Republic International's payout ratio is currently 36.55%.

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.