Old Republic International Co. (NYSE:ORI) Shares Sold by Amalgamated Bank

Amalgamated Bank lowered its position in Old Republic International Co. (NYSE:ORI) by 2.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 111,425 shares of the insurance provider’s stock after selling 2,609 shares during the quarter. Amalgamated Bank’s holdings in Old Republic International were worth $4,032,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in ORI. IFP Advisors Inc increased its position in Old Republic International by 8.5% in the 4th quarter. IFP Advisors Inc now owns 11,972 shares of the insurance provider’s stock valued at $433,000 after acquiring an additional 934 shares during the period. Colonial River Investments LLC grew its stake in shares of Old Republic International by 7.1% in the fourth quarter. Colonial River Investments LLC now owns 15,849 shares of the insurance provider’s stock worth $574,000 after purchasing an additional 1,048 shares in the last quarter. Y Intercept Hong Kong Ltd raised its stake in shares of Old Republic International by 147.7% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 56,386 shares of the insurance provider’s stock valued at $2,041,000 after purchasing an additional 33,622 shares in the last quarter. Navellier & Associates Inc. lifted its holdings in Old Republic International by 36.0% in the fourth quarter. Navellier & Associates Inc. now owns 20,313 shares of the insurance provider’s stock worth $735,000 after purchasing an additional 5,377 shares during the period. Finally, Boston Financial Mangement LLC grew its position in Old Republic International by 1.2% in the 4th quarter. Boston Financial Mangement LLC now owns 785,190 shares of the insurance provider’s stock valued at $28,416,000 after buying an additional 9,011 shares in the last quarter. Institutional investors own 70.92% of the company’s stock.

Insider Buying and Selling

In related news, SVP Carolyn Monroe sold 9,188 shares of the stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $36.35, for a total value of $333,983.80. Following the completion of the transaction, the senior vice president now owns 33,556 shares in the company, valued at $1,219,760.60. This trade represents a 21.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Jeffrey Lange sold 1,098 shares of Old Republic International stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $36.56, for a total value of $40,142.88. Following the completion of the transaction, the senior vice president now directly owns 34,679 shares in the company, valued at $1,267,864.24. This represents a 3.07 % decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Old Republic International from a “buy” rating to a “hold” rating in a research report on Tuesday.

Old Republic International Stock Performance

Shares of NYSE ORI opened at $38.49 on Friday. Old Republic International Co. has a 1 year low of $28.59 and a 1 year high of $39.27. The firm has a market cap of $9.76 billion, a P/E ratio of 14.63 and a beta of 0.88. The stock has a fifty day moving average price of $36.06 and a two-hundred day moving average price of $36.02. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.28 and a current ratio of 0.62.

Old Republic International (NYSE:ORI) last announced its earnings results on Thursday, January 23rd. The insurance provider reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.19. Old Republic International had a return on equity of 20.32% and a net margin of 10.36%. Research analysts forecast that Old Republic International Co. will post 3.17 EPS for the current fiscal year.

Old Republic International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Monday, March 10th will be paid a dividend of $0.29 per share. This is a positive change from Old Republic International’s previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a yield of 3.01%. Old Republic International’s dividend payout ratio is currently 40.30%.

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.