As of Wednesday close, Old Republic International Corporation’s (NYSE:ORI) stock was down -$0.03, moving down -0.11 percent to $27.38. The average number of shares traded per day over the past five days has been 1,073,980 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.31 fall in that time frame. In the last twenty days, the average volume was 2,323,370, while in the previous 50 days, it was 2,032,316.
Since last month, ORI stock rose 5.43%. Shares of the company fell to $25.32 on 07/17/23, the lowest level in the past month. A 52-week high of $29.89 was reached on 08/04/23 after having rallying from a 52-week low of $20.27. Since the beginning of this year, ORI’s stock price has risen by 13.37% or $3.23, and marked a new high 13 times. However, the stock has declined by -8.40% since its 52-week high.
ORI stock investors should be aware that Old Republic International Corporation (ORI) stock had its last reported insider trading activity 15 days ago on Aug 02. ADACHI BARBARA, the Director of the company, purchased of 3,620 shares for $27.64 on Aug 02. It resulted in a $100,057 investment by the insider. OBERST STEPHEN J sold 26,500 shares at an average price of $27.68 on Aug 01. The insider now owns 68,574 shares following the transaction. On Jan 03, Director KENNEDY MICHAEL DENARD bought 295 shares at $24.13 apiece. The transaction was valued at $7,118.
Valuation Metrics
Right now, Old Republic International Corporation (ORI) has a P/E ratio of about 10.36. The stock’s beta is 0.80. Besides these, the trailing price-to-sales (P/S) ratio of 1.02, the price-to-book (PB) ratio of 1.28, and the price-to-cash flow ratio of 7.63 may also be considered.
The latest dividend of $0.2440 per share was paid out, which is -0.41% less than last year’s $0.2450. On Friday May 12 2023, a $0.0010 dividend decrease was announced.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.26, and the total debt-to-equity ratio was 0.26. In the year ended June 29, operating margins totaled 13.80%.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 13.10%. Return on equity (ROE) for the past 12 months was 12.80%.
ORI’s revenue fell -22.7% to $1.76 billion during the quarter, while net income inched up to $1.8 billion. While analysts expected Old Republic International Corporation to report $0.56 quarterly earnings, the actual figure was $0.62 per share, beating the consensus estimate by 10.70%. The value of shareholders’ equity is $284.64 million.
Technical Picture
This quick technical analysis looks at Old Republic International Corporation’s (ORI) price momentum. With a historical volatility rate of 5.56%, the RSI 9-day stood at 50.76% on 16 August.
With respect to its five-day moving average, the current Old Republic International Corporation price is down by -1.12% percent or -$0.31. At present, ORI shares trade +4.94% above its 20-day simple moving average and +15.43% percent above its 100-day simple moving average. However, the stock is currently trading approximately +11.66% above its SMA50 and +18.68% above its SMA200.
Stochastic coefficient K was 23.59% and Stochastic coefficient D was 30.18%, while ATR was 0.43. Given the Stochastic reading of 11.59% for the 14-day period, the RSI (14) reading has been calculated as 57.89%. As of today, the MACD Oscillator reading stands at -0.21, while the 14-day reading stands at -0.24.
Analyst Ratings
Piper Sandler launched its rating on Old Republic International Corporation (NYSE: ORI) to a Neutral in a note to investors on May 17, 2023. Old Republic International Corporation (ORI) has been rated Hold by analysts. According to 0 brokerage firms, ORI is a sell, and 3 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Old Republic International Corporation stock as buy, with 0 recommending it as overweight.
With a median target price of $30.00, the current consensus forecast for the stock is $29.00 – $31.00. Based on these forecasts, analysts predict Old Republic International Corporation (ORI) will achieve an average price target of $30.00.
