Old Republic International Corporation (NYSE: ORI) is -0.59% lower on its value in year-to-date trading and has touched a low of $11.28 and a high of $22.42 in the current 52-week trading range. The ORI stock was last observed hovering at around $18.78 in the last trading session, with the day’s loss setting it -0.18% off its average median price target of $21.00 for the next 12 months. It is also 11.43% off the consensus price target high of $21.00 offered by 3 analysts, but current levels are 11.43% higher than the price target low of $21.00 for the same period.
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Currently trading at $18.60, the stock is 1.18% and 5.23% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.69 million and changing -0.96% at the moment leaves the stock 18.35% off its SMA200. ORI registered -12.76% loss for a year compared to 6-month gain of 18.32%. The firm has a 50-day simple moving average (SMA 50) of $18.84 and a 200-day simple moving average (SMA200) of $16.88.
The stock witnessed a 4.50% loss in the last 1 month and extending the period to 3 months gives it a 24.64%, and is -3.38% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.10% over the week and 2.38% over the month.
Old Republic International Corporation (ORI) has around 9000 employees, a market worth around $5.69B and $6.85B in sales. Current P/E ratio is 17.53 and Fwd P/E is 10.63. Profit margin for the company is 4.60%. Distance from 52-week low is 64.93% and -17.04% from its 52-week high. The company has generated returns on investments over the last 12 months (7.10%).
Old Republic International Corporation (ORI) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Old Republic International Corporation (ORI) is a “Overweight”. 3 analysts offering their recommendations for the stock have an average rating of 2.30, where 2 rate it as a Hold and 0 think it is a “Overweight”. 1 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Old Republic International Corporation is expected to release its quarterly report on 04/29/2021 and quarterly earnings per share for the current quarter are estimated at $0.43 with sales reaching $1.75B over the same period.The EPS is expected to grow by 184.90% this year, but quarterly earnings will post 3.80% year-over-year. Quarterly sales are estimated to shrink -0.40% in year-over-year returns.
Old Republic International Corporation (ORI) Top Institutional Holders
533 institutions hold shares in Old Republic International Corporation (ORI), with 17.86M shares held by insiders accounting for 6.00% while institutional investors hold 80.62% of the company’s shares. The shares outstanding are 297.73M, and float is at 285.83M with Short Float at 1.11%. Institutions hold 75.79% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 28.34 million shares valued at $417.74 million. The investor’s holdings represent 9.32% of the ORI Shares outstanding. As of Sep 29, 2020, the second largest holder is Vanguard Group, Inc. (The) with 25.85 million shares valued at $381.04 million to account for 8.50% of the shares outstanding. The other top investors are State Street Corporation which holds 24.58 million shares representing 8.08% and valued at over $362.3 million, while FMR, LLC holds 4.12% of the shares totaling 12.53 million with a market value of $184.75 million.
Old Republic International Corporation (ORI) Insider Activity
A total of 17 insider transactions have happened at Old Republic International Corporation (ORI) in the last six months, with sales accounting for 1 and purchases happening 16 times. The most recent transaction is an insider purchase by KOVALESKI CHARLES J, the company’s Director. SEC filings show that KOVALESKI CHARLES J bought 250 shares of the company’s common stock on Dec 09 at a price of $18.71 per share for a total of $4678.0. Following the purchase, the insider now owns 9989.0 shares.
Old Republic International Corporation disclosed in a document filed with the SEC on Nov 20 that KENNEDY MICHAEL DENARD (Director) bought a total of 1,494 shares of the company’s common stock. The trade occurred on Nov 20 and was made at $18.05 per share for $26967.0. Following the transaction, the insider now directly holds 1494.0 shares of the ORI stock.
Still, SEC filings show that on Oct 27, Bateman Steven J (Director) acquired 2,000 shares at an average price of $16.05 for $32100.0. The insider now directly holds 23,476 shares of Old Republic International Corporation (ORI).
Old Republic International Corporation (ORI): Who are the competitors?
The company’s main competitors (and peers) include RLI Corp. (RLI) that is trading 16.19% up over the past 12 months. Hallmark Financial Services Inc. (HALL) is -80.98% down on the 1-year trading charts. Short interest in the company’s stock has risen 1.84% from the last report on Nov 29, 2020 to stand at a total of 3.2 million short shares sold with a short interest ratio of 2.01.