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Friday, December 2, 2022

Momentum Is Strong For Old Republic International Corporation (NYSE: ORI)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Old Republic International Corporation (ORI) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by +$1.17, or +5.47%, to $22.57. Volume reached 152,931 shares, with price reaching a high of $22.5 and a low of $22.5. Earlier, Yahoo Finance discussed this stock as it revealed Old Republic Title Announces Acquisition of Veritas Title Partners, L.P..


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Stocks Info

This NYSE-listed company operates within the Insurance – Diversified industry segment, falling under the Financial sector. At the end of the last regular session, the stock closed at $22.50 and fluctuated between $22.50 as its day high and $21.58 as its day low. The current market capitalization of Old Republic International Corporation is $7.00B. A total of 2.28 million shares were traded on the day, compared to an average of 1.72M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, ORI has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 24 BUYs and 9 SELLs from insiders. Insiders purchased 515,682 shares during that period but sold 359,655.

In the most recent transaction, CALDWELL LISA J bought 9,920 shares of ORI for 23.63 per share on May 27. After the transaction, the Director now owns 10,706 company shares. In a previous transaction on May 02, WALKER STEVEN R bought 1,500 shares at 21.59 per share. ORI shares that Director owns now total 26,500.

Among the insiders who bought shares, WALKER STEVEN R acquired of 1,000 shares on May 02 at a per-share price of $21.59. This resulted in the Director holding 13,500 shares of ORI after the transaction. In another insider transaction, ADACHI BARBARA bought 2,300 shares at $25.84 per share on Mar 18. Company shares held by the Director now total 2,300.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Old Republic International Corporation pays an annual dividend of $0.92, resulting in a dividend yield of 4.09%, and it has a price to earnings (P/E) ratio of 7.00. ORI’s most recent ex-dividend date was 08/31/2022 when it declared a $1.00 quarterly dividend that was paid in cash on 09/15/2022. Previously, the company paid the dividend on 09/15/2022 with an ex-dividend date of 08/31/2022. The dividend was $0.23 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for ORI in the last 3 months, the mean price target is $28.00 with high estimates of $28.00 and low estimates of $28.00. In terms of 52-week highs and lows, ORI has a high of $26.02 and a low of $20.03.

As of this writing, ORI has an earnings estimate of $0.6 per share for the current quarter. EPS was calculated based on a consensus of 1 estimates, with a high estimate of $0.6 per share and a lower estimate of $0.6. The company reported an EPS of $0.69 in the last quarter, which was 15% higher than expectations of $0.6.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. ORI’s latest balance sheet shows that the firm has $11.40B in Cash & Short Term Investments as of fiscal 2021. Its Book Value Per Share was $21.04, while its Total Shareholder’s Equity was $6.89B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 3 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ORI is Buy with a score of 4.00. A total of 0 analysts rated the stock as Buy while 1 rated it as Overweight while 2 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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