Amalgamated Bank lessened its holdings in Old Republic International Co. (NYSE:ORI – Get Rating) by 3.1% during the first quarter, Holdings Channel.com reports. The firm owned 197,381 shares of the insurance provider's stock after selling 6,271 shares during the quarter. Amalgamated Bank's holdings in Old Republic International were worth $5,106,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of ORI. MCF Advisors LLC purchased a new stake in Old Republic International in the first quarter worth about $25,000. TCI Wealth Advisors Inc. grew its holdings in shares of Old Republic International by 159.4% during the first quarter. TCI Wealth Advisors Inc. now owns 1,074 shares of the insurance provider's stock valued at $28,000 after buying an additional 660 shares during the last quarter. Quent Capital LLC purchased a new stake in shares of Old Republic International during the fourth quarter valued at approximately $32,000. Hardy Reed LLC purchased a new stake in shares of Old Republic International during the first quarter valued at approximately $36,000. Finally, Point72 Hong Kong Ltd purchased a new stake in shares of Old Republic International during the fourth quarter valued at approximately $46,000. Hedge funds and other institutional investors own 72.27% of the company's stock.

Wall Street Analyst Weigh In

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

Old Republic International Trading Up 1.7 %

Old Republic International Increases Dividend

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

Old Republic International Profile

(Get Rating)

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

• Get a free copy of the StockNews.com research report on Old Republic International (ORI)
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