The stock of Old Republic International Corporation (NYSE:ORI) increased by $0.13 on Tuesday to finish at $27.65, up 0.47 percent. The last five days have seen an average of 1,966,280 shares of common stock traded. 13 times new highs were reached in the current year, with a gain of $3.50. The average number of shares traded over the last 20 days was 1,442,375, while the average volume over the last 50 days totaled 1,815,880.
ORI stock appreciated 1.62% since last month. On 09/06/23, the company’s shares reached a one-month low of $26.80. The stock touched a high of $29.89 on 08/04/23, after rallying from a low of $20.27 in 52 weeks. The price of ORI stock has risen by 14.49% or $3.50 this year, reaching a new high 13 times. Still, the stock price is down -7.49% from the 52-week high.
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Insider Transactions
ORI stock investors should be aware that Old Republic International Corporation (ORI) stock had its last reported insider trading activity 49 days ago on Aug 02. On Aug 02, Director ADACHI BARBARA acquired 3,620 shares at $27.64 each. This transaction resulted in the insider spending $100,057. On Aug 01, OBERST STEPHEN J sold 26,500 shares at a price of US$27.68. After the transaction, the insider now owns 68,574 shares. Director KENNEDY MICHAEL DENARD had earlier bought 295 shares on Jan 03 for $24.13 a share. The transaction was completed for $7,118.
Valuation Metrics
Old Republic International Corporation (ORI) has a trailing price-to-earnings (P/E) ratio of 10.47. Beta for the stock is 0.80. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.04, the price-to-book (PB) ratio of 1.29, and the price-to-cash flow ratio of 7.82.
Company paid $0.2450 per share in dividends, an increase of 0.41% from $0.2440 last year. A $0.0010 dividend increase was reported on Friday August 25 2023.
Financial Health
The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.26, and the total debt to equity ratio is 0.26. Old Republic International Corporation’s operating margin stood at 13.80% for the same period.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. ORI’s return on assets (ROA) during the last 12 months has been 3.10%. There was a 13.10% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 12.80%.
Earnings Surprise
According to Old Republic International Corporation’s quarterly financial report for the quarter that ended June 29. Net income for the quarter came in at $1.8 billion, while revenues fell by -0.67% to $1.76 billion. It was predicted that Old Republic International Corporation’s quarterly earnings would be $0.62, but it ended up being $0.56, beating the consensus by 10.70%. At the end of Old Republic International Corporation’s most recent quarter ended June 29, its total debt was $1.59 billion. Equity owned by shareholders amounts to $284.64 million.
Technical Picture
Here’s a quick look at Old Republic International Corporation’s (ORI) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 60.75%, suggesting the stock is Neutral, with a 8.82% historical volatility rate.
The stochastic %K and %D were 70.19% and 70.94% respectively, while the average true range (ATR) was 0.32. Based on the 14-day stochastic reading of 81.73%, the RSI (14) reading is 58.88%. On the 9-day MACD Oscillator, the stock is at 0.10, and the 14-day reading is at 0.19.
Analyst Ratings
In its analyst report released on May 17, 2023, Piper Sandler began covering Old Republic International Corporation (NYSE: ORI). The stock was rated as a Neutral by the brokerage firm. Analysts have assigned Old Republic International Corporation (ORI) an Hold rating. ORI is a stock that is recommended for selling by 0 brokerage firms, while 3 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 0 others recommend it as a buy.
What is ORI’s price target for the next 12 months?
The current consensus forecast for the stock is between $29.00 and $31.00, with a median target price of $30.00. In analyzing these forecasts, the average price target given by analysts for Old Republic International Corporation (ORI) is $30.00.
