State Street Corp. Updates Old Republic Intl. Stake as of 12/31/23
Ticker: ORI · Form: SC 13G/A · Filed: Jan 22, 2024 · CIK: 74260
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**State Street Corp. just updated its stake in Old Republic International, showing its holdings as of year-end 2023.**
AI Summary
State Street Corporation, a major financial institution, filed an amended Schedule 13G/A on January 22, 2024, indicating its ownership of common stock in Old Republic International Corp. This filing updates their holdings as of December 31, 2023, under Rule 13d-1(b). This matters to investors because it shows a significant institutional investor's continued, though potentially adjusted, stake in Old Republic International Corp, which can influence market perception and stability.
Why It Matters
This filing confirms State Street Corporation's ongoing institutional ownership in Old Republic International Corp, providing transparency on a major holder's position.
Risk Assessment
Risk Level: low — This is a routine update from an institutional investor and does not indicate any immediate significant risk or opportunity.
Analyst Insight
Investors should note that State Street Corporation continues to hold a position in Old Republic International Corp, suggesting ongoing institutional confidence, but the filing itself doesn't provide details on changes in share count or percentage, so further investigation into the full filing's details would be needed to assess any material shifts.
Key Players & Entities
- State Street Corporation (company) — the reporting person and institutional investor
- Old Republic International Corp (company) — the subject company whose securities are being reported
- 04-2456637 (number) — State Street Corporation's IRS Identification Number
- December 31, 2023 (date) — the date of the event requiring the filing
- January 22, 2024 (date) — the filing date of the SC 13G/A
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as indicated by 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G UNDER THE SECURITIES EXCHANGE ACT OF 1934 EXIT FILING'.
Who is the reporting person in this filing?
The reporting person is STATE STREET CORPORATION, as stated under '1. NAME OF REPORTING PERSON: STATE STREET CORPORATION'.
What is the subject company whose securities are being reported?
The subject company is OLD REPUBLIC INTERNATIONAL CORP, as indicated by 'OLD REPUBLIC INTERNATIONAL CORP (NAME OF ISSUER)'.
What is the CUSIP number for the securities reported?
The CUSIP number for the common stock of Old Republic International Corp is 680223104, as listed under 'CUSIP NO:680223104'.
What was the date of the event that required this filing?
The date of the event which required this filing was December 31, 2023, as specified by '12/31/2023 (DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT)'.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 22, 2024 regarding OLD REPUBLIC INTERNATIONAL CORP (ORI).