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Saturday, December 9, 2023

What Are The Chances Of Old Republic International Corp. (NYSE: ORI) Becoming A Clear Buy?

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 Corp. (ORI) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.31, or -1.12%, to $27.33. The Old Republic International Corp. has recorded 17,751 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that OLD REPUBLIC REPORTS RESULTS FOR THE THIRD QUARTER AND FIRST NINE MONTHS 2023.

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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 $27.64 and fluctuated between $27.89 as its day high and $27.59 as its day low. The current market capitalization of Old Republic International Corp. is $7.87B. A total of 1.03 million shares were traded on the day, compared to an average of 1.36M 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 1 BUY and 0 SELL insider trades, representing the acquisition of 132 and the disposition of 0 shares. Over the last 12 months, there were 10 BUYs and 7 SELLs from insiders. Insiders purchased 28,060 shares during that period but sold 44,316.

In the most recent transaction, ADACHI BARBARA bought 3,620 shares of ORI for 27.64 per share on Aug 02. After the transaction, the Director now owns 5,920 company shares. In a previous transaction on Aug 01, OBERST STEPHEN J sold 26,500 shares at 27.68 per share. ORI shares that Executive Vice President owns now total 68,574.

Among the insiders who bought shares, KENNEDY MICHAEL DENARD acquired of 295 shares on Jan 03 at a per-share price of $24.13. This resulted in the Director holding 10,272 shares of ORI after the transaction. In another insider transaction, KENNEDY MICHAEL DENARD bought 295 shares at $24.48 per share on Dec 01. Company shares held by the Director now total 9,977.


Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Old Republic International Corp. pays an annual dividend of $1.16, resulting in a dividend yield of 4.20%, and it has a price to earnings (P/E) ratio of 8.92. ORI’s most recent ex-dividend date was 9/1/2023 when it declared a $0.2450 quarterly dividend that was paid in cash on 9/15/2023. Previously, the company paid the dividend on 6/15/2023 with an ex-dividend date of 6/2/2023. The ORI stock dividend was $0.2440 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 $30.00 with high estimates of $30.00 and low estimates of $30.00. In terms of 52-week highs and lows, ORI has a high of $29.89 and a low of $22.96.

As of this writing, ORI has an earnings estimate of $0.62 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of $0.66 per share and a lower estimate of $0.58. The company reported an EPS of $0.61 in the last quarter, which was 15.10% higher than expectations of $0.53.

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. 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 $21.10, 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, 0 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 3.50.

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