Old Republic International Corporation (NYSE:ORI) currently has a daily average trading volume of 1.52M but it saw 1555839 shares traded on Wednesday. With a market cap of 7.31B USD, stock’s current market price of $24.81 came falling about -1.04 while comparing to the previous closing price of $25.07. In past 52 weeks, the stock remained buoying in the range of price level as high as $26.72 and as low as $20.03. In the recent trading on the day, stock has struck highest price mark of $25.00 while lowest mark touched by it was $24.675.
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Taking a look at 20-day trading activity of Old Republic International Corporation (ORI) gives us an average price of $25.35, while its current price level is -7.15% below from 52-week high level whereas it is 23.87% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $24.97 while that of 200 days or SMA-200 reads an average of $24.13. A closer look into the stock’s movement over the week reveals that its volatility is standing at 1.39% during that period while stretching the period over a month that increases to 1.76%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 41.55 which implies that the stock is in neutral territory.
Over the week, ORI’s stock price is moving -2.17% down while it is 0.77% when we observe its performance for the past one month. Year-to-date it is 2.73% up and over the past year, the stock is showing an upside performance of 13.12%.
The latest quarterly earnings report issued by the company was for quarter ended 3/30/2023, when its quarterly earnings per share (EPS) of $0.61 beat the consensus estimate of $0.53 for the same. The company is expected to be releasing its next quarterly report in 07/20/2023, for which analysts forecasted an EPS of $0.56 while estimate for next year EPS is $2.41. For ORI, analysts are forecasting an EPS-growth rate of -13.60% for current year and estimate for EPS growth in next year is 6.60%. In next quarter, company is expected to be making quarterly sales of $1.96 billion as analysts are expecting the sales for current fiscal year at $7.56 billion and seeing the company making $7.73 billion in sales next year. Moreover, analysts are in estimates of $1.93 billion for current-quarter revenue.
Currently, Old Republic International Corporation’s total number of outstanding shares is 291.95M with 7.32% of that held by the insiders while 75.52% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 13.10% and return on equity (ROE) at 9.40%. It has a price to earnings ratio (P/E ratio) of 12.59 while having a 9.63 of forward P/E ratio. Stock’s beta reads 0.81. Stock has a price to book (P/B) ratio of 1.14 while price to sale or P/S ratio amounts to 0.92. Its return on asset (ROA) is 2.30% on average.
A filing at the U.S. Securities and Exchange Commission revealed that SPDR S&P Dividend ETF came shrinking its share ownership by -0.08% in the Old Republic International Corporation (ORI) decreasing its stake to 4.06% with control over 9930.0 shares in the company. As per SEC documents, SPDR S&P Dividend ETF sought 12,058,787 of company’s common stock of worth $304.73 million as per recent closing price of the stock. SPDR S&P Dividend ETF is not the only institutional holder which restructured its stake in Old Republic International Corporation, as Victory Sycamore Established Valu picked 9,750,000 shares of worth $246.38 million to bring its holdings to a total of 0.82 million shares. In the most recent quarter, iShares Core S&P Mid Cap ETF came rising its stake by 0.36% in the company and now holds 8.61 million or 2.90% of the company’s stake having worth of about 217.52 million.
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