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Wednesday, February 8, 2023

Make Sure You Stick With Old Republic International Corporation (ORI). It’s Bull Time Again

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Old Republic International Corporation (ORI) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $24.14. The Old Republic International Corporation has recorded 74,764 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed OLD REPUBLIC INTERNATIONAL ANNOUNCES FOURTH QUARTER 2022 CONFERENCE CALL.

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Stocks Info

Old Republic International Corporation is listed on the NYSE in the Financial sector while operating in the Insurance – Diversified industry. At the end of the last regular session, the stock closed at $24.14 and fluctuated between $24.50 as its day high and $23.97 as its day low. The current market capitalization of Old Republic International Corporation is $7.30B. A total of 1.23 million shares were traded on the day, compared to an average of 1.55M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, ORI has seen 3 BUY and 3 SELL insider trades, representing the acquisition of 31,619 and the disposition of 98,489 shares. Over the last 12 months, there were 15 BUYs and 3 SELLs from insiders. Insiders purchased 185,465 shares during that period but sold 98,489.

In the most recent transaction, OBERST STEPHEN J sold 11,000 shares of ORI for 23.32 per share on Nov 01. After the transaction, the Executive Vice President now owns 36,771 company shares. In a previous transaction on May 27, CALDWELL LISA J bought 9,920 shares at 23.63 per share. ORI shares that Director owns now total 10,706.

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, WALKER STEVEN R bought 1,500 shares at $21.59 per share on May 02. Company shares held by the Director now total 26,500.

Dividend

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Old Republic International Corporation pays an annual dividend of $0.92, resulting in a dividend yield of 3.81%, and it has a price to earnings (P/E) ratio of 9.22. ORI’s most recent ex-dividend date was 12/2/2022 when it declared a $0.23 quarterly dividend that was paid in cash on 12/15/2022. Previously, the company paid the dividend on 9/15/2022 with an ex-dividend date of 8/31/2022. The ORI stock dividend was $1.23 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for ORI in the last 3 months, the mean price target is $27.00 with high estimates of $27.00 and low estimates of $27.00. 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 $0.56 per share for the current quarter. EPS was calculated based on a consensus of 2 estimates, with a high estimate of $0.65 per share and a lower estimate of $0.48. The company reported an EPS of $0.69 in the last quarter, which was 7.80% higher than expectations of $0.64.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. 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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