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Positives for Old Republic International Corp. (ORI) as stock gains in recent trading

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Old Republic International Corp. (NYSE: ORI) is 4.49% higher on its value in year-to-date trading and has touched a low of $24.03 and a high of $30.60 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ORI stock was last observed hovering at around $30.55 in the last trading session, with the day’s gains setting it 0.17%.

Currently trading at $30.72, the stock is 4.42% and 6.19% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.87 million and changing 0.56% at the moment leaves the stock 10.50% off its SMA200. ORI registered 25.90% gain for a year compared to 6-month gain of 12.73%. The firm has a 50-day simple moving average (SMA 50) of $1.37.

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The stock witnessed a 5.82% loss in the last 1 month and extending the period to 3 months gives it a 5.21%, and is 2.64% up 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 1.13% over the week and 1.30% over the month.

Old Republic International Corp. (ORI) has around 9200 employees, a market worth around $8.55B and $7.26B in sales. Current P/E ratio is 14.66 and Fwd P/E is 10.55. Profit margin for the company is 8.25%. Distance from 52-week low is 27.84% and 0.38% from its 52-week high. The company has generated returns on investments over the last 12 months (7.48%).

Old Republic International Corp. quarterly earnings per share for the current quarter are estimated at $0.65 with sales reaching $1.84B over the same period.The EPS is expected to grow by 3.13% this year, but quarterly earnings will post 4.80% year-over-year. Quarterly sales are estimated to grow 3.70% in year-over-year returns.

Old Republic International Corp. (ORI) Top Institutional Holders

675 institutions hold shares in Old Republic International Corp. (ORI), with institutional investors hold 80.03% of the company’s shares. The shares outstanding are 278.39M, and float is at 256.65M with Short Float at 0.93%. Institutions hold 74.12% of the Float.

The top institutional shareholder in the company is Blackrock Inc. with over 33.09 million shares valued at $832.95 million. The investor’s holdings represent 11.63% of the ORI Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 26.92 million shares valued at $677.67 million to account for 9.46% of the shares outstanding. The other top investors are State Street Corporation which holds 22.68 million shares representing 7.97% and valued at over $570.74 million, while Victory Capital Management Inc. holds 5.22% of the shares totaling 14.85 million with a market value of $373.81 million.

Old Republic International Corp. (ORI) Insider Activity

The most recent transaction is an insider purchase by ADACHI BARBARA,the company’sDirector. SEC filings show that ADACHI BARBARA bought 1,925 shares of the company’s common stock on Feb 16 ’24 at a price of $28.60 per share for a total of $55055.0. Following the purchase, the insider now owns 7845.0 shares.

Old Republic International Corp. disclosed in a document filed with the SEC on Feb 02 ’24 that MONROE CAROLYN (SVP – Title Insurance) sold a total of 6,528 shares of the company’s common stock. The trade occurred on Feb 02 ’24 and was made at $27.71 per share for $0.18 million. Following the transaction, the insider now directly holds 0.0 shares of the ORI stock.

Still, SEC filings show that on Aug 02 ’23, ADACHI BARBARA (Director) acquired 3,620 shares at an average price of $27.64 for $0.1 million. The insider now directly holds 5,920 shares of Old Republic International Corp. (ORI).

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