Is Old Republic International Corp. (NYSE: ORI) No Longer A Good Investment?

After Hours

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. Most recently, Yahoo Finance reported about the stock as it publicized that OLD REPUBLIC REPORTS RESULTS FOR THE FOURTH QUARTER AND FULL YEAR 2023.

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Stocks Info

ORI belongs to the Financial sector of the NYSE while operating in the Insurance – Diversified industry. At the end of the last regular session, the stock closed at $28.99 and fluctuated between $29.08 as its day high and $28.75 as its day low. The current market capitalization of Old Republic International Corp. is $8.13B. A total of 1.21 million shares were traded on the day, compared to an average of 1.46M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. 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 1,925 shares of ORI for 28.60 per share on Feb 16. After the transaction, the Director now owns 7,845 company shares. In a previous transaction on Feb 02, MONROE CAROLYN sold 6,528 shares at 27.71 per share. ORI shares that SVP – Title Insurance owns now total 0.

Among the insiders who bought shares, ADACHI BARBARA acquired of 3,620 shares on Aug 02 at a per-share price of $27.64. This resulted in the Director holding 5,920 shares of ORI after the transaction. In another insider transaction, OBERST STEPHEN J sold 26,500 shares at $27.68 per share on Aug 01. Company shares held by the Executive Vice President now total 68,574.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Old Republic International Corp. pays an annual dividend of $0.98, resulting in a dividend yield of 3.38%, and it has a price to earnings (P/E) ratio of 13.82. 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.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. 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 $30.60 and a low of $23.31.

As of this writing, ORI has an earnings estimate of $0.65 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of $0.66 per share and a lower estimate of $0.65. The company reported an EPS of $0.72 in the last quarter, which was 16.10% higher than expectations of $0.62.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using 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 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. 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 4.50.

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