Old Republic International Corporation (NYSE:ORI) saw a downside of -0.29% to close Monday at $27.89 after subtracting -$0.08 on the day. The 5-day average trading volume is 2,063,760 shares of the company’s common stock. It has gained $29.89 in the past week and touched a new high 4 times within the past 5 days. An average of 2,543,445 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,086,074.
ORI’s 1-month performance is 11.52% or $2.88 on its low of $24.89 reached on 07/10/23. The company’s shares have touched a 52-week low of $20.27 and high of $29.89, with the stock’s rally to the 52-week high happening on 08/04/23. YTD, ORI has achieved 15.49% or $3.74 and has reached a new high 13 times. However, the current price is down -6.69% from the 52-week high price.
Insider Transactions
ORI stock investors last saw insider trading activity on Aug 02.OBERST STEPHEN J (Executive Vice President) most recently sold 26,500 shares at $27.68 per share on Aug 01. This transaction cost the insider $733,400. Executive Vice President, OBERST STEPHEN J, sold 11,000 shares at a price of $23.32 on Nov 01.
Valuation Metrics
ORI stock has a beta of 0.80. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.08 while the price-to-book (PB) in the most recent quarter is 1.29, with the price to cash flow ratio at 13.92.
As well, the company’s long term debt to equity for the quarter ending June 29 was 0.25, while the total debt to equity was 0.25.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income shrunk -213.86% to $199.8 million, while revenue of -$91.7 million was 145.9% off the previous quarter. Analysts expected ORI to announce $0.56 per share in earnings in its latest quarter, but it posted $0.62, representing a 10.70% surprise. Shareholders hold equity totaling $292.77 million.
Let’s look briefly at Old Republic International Corporation (ORI) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 07 August was 73.33% to suggest the stock is trending Overbought, with historical volatility in this time period at 17.74%.
The stock’s 5-day moving average is $27.90, reflecting a +1.16% or $0.32 change from its current price. ORI is currently trading +10.98% above its 20-day SMA, +12.91% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +12.41% and SMA200 by+19.80%.
Stochastic %K and %D was 67.61% and 82.37% and the average true range (ATR) pointed at 0.59. The RSI (14) points at 72.46%, while the 14-day stochastic is at 50.06% with the period’s ATR at 0.53. The stock’s 9-day MACD Oscillator is pointing at 0.37 and 0.78 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Old Republic International Corporation (NYSE: ORI), Piper Sandler launched coverage with a Neutral rating. Analysts offering their rating for ORI stock have a consensus rating for the stock as Hold. Currently, 0 brokerage advisors rate ORI as a “sell,”, while 3 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 0 have offered a “buy” rating.
What is ORI’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $29.00 and a high of $31.00, with their median price target at $30.00. Looking at these predictions, the average price target given by analysts is for Old Republic International Corporation (ORI) stock is $30.00.
