After Hours
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. Recently, Yahoo Finance discussed the stock, revealing that OLD REPUBLIC INTERNATIONAL ANNOUNCES FOURTH QUARTER 2023 EARNINGS CALL.
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Stocks Info
The company is listed on the NYSE and operates within the Insurance – Diversified industry segment. At the end of the last regular session, the stock closed at $29.77 and fluctuated between $29.80 as its day high and $29.35 as its day low. The current market capitalization of Old Republic International Corp. is $8.35B. A total of 0.9 million shares were traded on the day, compared to an average of 1.23M shares.
Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. 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 9 BUYs and 7 SELLs from insiders. Insiders purchased 175,423 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.
Dividend
The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Old Republic International Corp. pays an annual dividend of $0.98, resulting in a dividend yield of 3.29%, and it has a price to earnings (P/E) ratio of 9.60. ORI’s most recent ex-dividend date was 12/4/2023 when it declared a $0.2450 quarterly dividend that was paid in cash on 12/15/2023. Previously, the company paid the dividend on 9/15/2023 with an ex-dividend date of 9/1/2023. The ORI stock dividend was $0.2450 per share in cash.
It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for ORI in the last 3 months, the mean price target is $31.00 with high estimates of $32.00 and low estimates of $30.00. In terms of 52-week highs and lows, ORI has a high of $29.99 and a low of $23.31.
As of this writing, ORI has an earnings estimate of $0.71 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of $0.74 per share and a lower estimate of $0.7. The company reported an EPS of $0.62 in the last quarter, which was 10.70% higher than expectations of $0.56.
Balance Sheet Annually/Quarterly
An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. 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
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. 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.
