Old Republic International Corp (NYSE: ORI) is 28.33% higher on its value in year-to-date trading and has touched a low of $27.19 and a high of $37.81 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 $37.47 in the last trading session, with the day’s gains setting it 0.26%.
Currently trading at $37.73, the stock is 4.25% and 5.48% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.88 million and changing 0.69% at the moment leaves the stock 16.62% off its SMA200. ORI registered 33.09% gain for a year compared to 6-month gain of 18.65%. The firm has a 50-day simple moving average (SMA 50) of $35.7704 and a 200-day simple moving average (SMA200) of $32.35355.
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The stock witnessed a 5.48% loss in the last 1 month and extending the period to 3 months gives it a 8.39%, and is 0.67% 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 1.12% over the week and 1.57% over the month.
Old Republic International Corp (ORI) has around 9200 employees, a market worth around $9.57B and $8.17B in sales. Current P/E ratio is 10.77 and Fwd P/E is 11.84. Profit margin for the company is 11.48%. Distance from 52-week low is 38.74% and -0.22% from its 52-week high. The company has generated returns on investments over the last 12 months (11.12%).
The EPS is expected to grow by 6.90% this year
717.0 institutions hold shares in Old Republic International Corp (ORI), with institutional investors hold 77.49% of the company’s shares. The shares outstanding are 278.39M, and float is at 233.70M with Short Float at 0.93%. Institutions hold 71.28% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 29.85 million shares valued at $922.33 million. The investor’s holdings represent 10.9849 of the ORI Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 27.05 million shares valued at $835.85 million to account for 9.9549 of the shares outstanding. The other top investors are STATE STREET CORP which holds 12.44 million shares representing 4.5773 and valued at over $384.32 million, while VICTORY CAPITAL MANAGEMENT INC holds 4.2618 of the shares totaling 11.58 million with a market value of $357.83 million.
Old Republic International Corp (ORI) Insider Activity
The most recent transaction is an insider sale by MONROE CAROLYN, the company’s SVP – Title Insurance. SEC filings show that MONROE CAROLYN sold 4,503 shares of the company’s common stock on Jun 03 ’24 at a price of $31.28 per share for a total of $0.14 million. Following the sale, the insider now owns 33556.0 shares.
Old Republic International Corp disclosed in a document filed with the SEC on May 06 ’24 that DARE THOMAS (SrVP Secretary General Counsel) sold a total of 1,292 shares of the company’s common stock. The trade occurred on May 06 ’24 and was made at $30.95 per share for $39987.0. Following the transaction, the insider now directly holds 47764.0 shares of the ORI stock.
Still, SEC filings show that on May 01 ’24, MONROE CAROLYN (SVP – Title Insurance) disposed off 3,377 shares at an average price of $30.04 for $0.1 million. The insider now directly holds 33,556 shares of Old Republic International Corp (ORI).
