After Hours
There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Old Republic International Corporation (ORI) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.16, or 0.65%, to $24.85. The Old Republic International Corporation has recorded 28,008 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed OLD REPUBLIC DECLARES FIRST QUARTER REGULAR CASH DIVIDEND OF 24.5 CENTS PER SHARE.
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Stocks Info
As a NYSE listed company, ORI falls under the Financial sector while operating within the Insurance – Diversified industry segment. At the end of the last regular session, the stock closed at $24.69 and fluctuated between $25.35 as its day high and $24.67 as its day low. The current market capitalization of Old Republic International Corporation is $7.39B. A total of 1.13 million shares were traded on the day, compared to an average of 1.48M shares.
Insider Activity
Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, ORI has seen 3 BUY and 0 SELL insider trades, representing the acquisition of 585 and the disposition of 0 shares. Over the last 12 months, there were 29 BUYs and 3 SELLs from insiders. Insiders purchased 189,237 shares during that period but sold 98,489.
In the most recent transaction, KENNEDY MICHAEL DENARD bought 295 shares of ORI for 24.13 per share on Jan 03. After the transaction, the Director now owns 10,272 company shares. In a previous transaction on Dec 01, KENNEDY MICHAEL DENARD bought 295 shares at 24.48 per share. ORI shares that Director owns now total 9,977.
Among the insiders who bought shares, KENNEDY MICHAEL DENARD acquired of 295 shares on Nov 01 at a per-share price of $23.33. This resulted in the Director holding 9,682 shares of ORI after the transaction. In another insider transaction, OBERST STEPHEN J sold 11,000 shares at $23.32 per share on Nov 01. Company shares held by the Executive Vice President now total 36,771.
Dividend
Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Old Republic International Corporation pays an annual dividend of $0.98, resulting in a dividend yield of 3.97%, and it has a price to earnings (P/E) ratio of 10.76. ORI’s most recent ex-dividend date was 3/3/2023 when it declared a $0.2450 quarterly dividend that was paid in cash on 3/15/2023. Previously, the company paid the dividend on 12/15/2022 with an ex-dividend date of 12/2/2022. The ORI stock dividend was $0.23 per share in cash.
In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for ORI in the last 3 months, the mean price target is $29.00 with high estimates of $29.00 and low estimates of $29.00. In terms of 52-week highs and lows, ORI has a high of $26.72 and a low of $20.03.
As of this writing, ORI has an earnings estimate of $0.53 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of $0.58 per share and a lower estimate of $0.5. The company reported an EPS of $0.68 in the last quarter, which was 15.30% higher than expectations of $0.59.
Balance Sheet Annually/Quarterly
The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects.
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.
