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

Amalgamated Bank lessened its holdings in Old Republic International Co. (NYSE:ORI) by 11.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 158,283 shares of the insurance provider’s stock after selling 20,557 shares during the period. Amalgamated Bank owned about 0.06% of Old Republic International worth $4,891,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in ORI. Renaissance Technologies LLC raised its position in Old Republic International by 725.3% in the second quarter. Renaissance Technologies LLC now owns 84,185 shares of the insurance provider’s stock valued at $2,601,000 after purchasing an additional 73,985 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Old Republic International by 7.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 7,542,836 shares of the insurance provider’s stock valued at $233,073,000 after buying an additional 532,251 shares during the period. Brown Brothers Harriman & Co. lifted its position in Old Republic International by 8.9% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 5,235 shares of the insurance provider’s stock worth $162,000 after acquiring an additional 430 shares in the last quarter. Meeder Advisory Services Inc. purchased a new position in Old Republic International in the 2nd quarter worth approximately $268,000. Finally, HHM Wealth Advisors LLC acquired a new stake in Old Republic International in the second quarter valued at approximately $65,000. Institutional investors and hedge funds own 70.92% of the company’s stock.

Old Republic International Trading Down 0.7 %

NYSE ORI opened at $35.32 on Friday. The stock has a market cap of $9.60 billion, a P/E ratio of 13.74 and a beta of 0.84. The company’s fifty day simple moving average is $34.30 and its 200-day simple moving average is $31.78. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.33. Old Republic International Co. has a 52 week low of $26.08 and a 52 week high of $36.09.

Old Republic International (NYSE:ORI) last issued its quarterly earnings data on Thursday, July 25th. The insurance provider reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.15. The firm had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.92 billion. Old Republic International had a net margin of 8.59% and a return on equity of 12.57%. During the same quarter in the previous year, the business posted $0.62 EPS. Equities research analysts predict that Old Republic International Co. will post 2.83 EPS for the current fiscal year.

Old Republic International Dividend Announcement

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

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.