The stock of Old Republic International Corp. (ORI) has gone up by 2.74% for the week, with a 5.35% rise in the past month and a 4.52% rise in the past quarter. The volatility ratio for the week is 1.05%, and the volatility levels for the past 30 days are 1.24% for ORI. The simple moving average for the last 20 days is 3.85% for ORI’s stock, with a simple moving average of 10.30% for the last 200 days.
Is It Worth Investing in Old Republic International Corp. (NYSE: ORI) Right Now?
Old Republic International Corp. (NYSE: ORI) has a price-to-earnings ratio of 14.67x that is above its average ratio. Additionally, the 36-month beta value for ORI is 0.82. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 1 rating it as “overweight,” 2 rating it as “hold,” and 0 rating it as “sell.”
The public float for ORI is 256.65M and currently, short sellers hold a 0.93% ratio of that float. The average trading volume of ORI on April 03, 2024 was 1.68M shares.
ORI) stock’s latest price update
Old Republic International Corp. (NYSE: ORI)’s stock price has gone decline by -0.23 in comparison to its previous close of 30.80, however, the company has experienced a 2.74% increase in its stock price over the last five trading days. Seeking Alpha reported 2024-02-09 that Old Republic International is a reliable dividend-paying stock with a long track record of dividend increases. The company reported steady earnings and net income growth, although there was a slight decline in EPS and net premiums. Old Republic is shareholder-friendly, occasionally paying special dividends and conducting share buybacks, and has outperformed the S&P over the long term.
Analysts’ Opinion of ORI
Many brokerage firms have already submitted their reports for ORI stocks, with Piper Sandler repeating the rating for ORI by listing it as a “Overweight.” The predicted price for ORI in the upcoming period, according to Piper Sandler is $32 based on the research report published on February 12, 2024 of the current year 2024.
Piper Sandler, on the other hand, stated in their research note that they expect to see ORI reach a price target of $27. The rating they have provided for ORI stocks is “Neutral” according to the report published on May 17th, 2023.
Raymond James gave a rating of “Outperform” to ORI, setting the target price at $28 in the report published on April 29th of the previous year.
ORI Trading at 6.06% from the 50-Day Moving Average
After a stumble in the market that brought ORI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -0.55% of loss for the given period.
Volatility was left at 1.24%, however, over the last 30 days, the volatility rate increased by 1.05%, as shares surge +5.17% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.57% upper at present.
During the last 5 trading sessions, ORI rose by +2.74%, which changed the moving average for the period of 200-days by +25.38% in comparison to the 20-day moving average, which settled at $29.67. In addition, Old Republic International Corp. saw 4.52% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ORI starting from ADACHI BARBARA, who purchase 1,925 shares at the price of $28.60 back on Feb 16 ’24. After this action, ADACHI BARBARA now owns 7,845 shares of Old Republic International Corp., valued at $55,055 using the latest closing price.
MONROE CAROLYN, the SVP – Title Insurance of Old Republic International Corp., sale 6,528 shares at $27.71 during a trade that took place back on Feb 02 ’24, which means that MONROE CAROLYN is holding 0 shares at $180,920 based on the most recent closing price.
Stock Fundamentals for ORI
Current profitability levels for the company are sitting at:
- 0.09 for the present operating margin
- 0.99 for the gross margin
The net margin for Old Republic International Corp. stands at 0.08. The total capital return value is set at 0.06. Equity return is now at value 9.52, with 2.94 for asset returns.
Based on Old Republic International Corp. (ORI), the company’s capital structure generated 0.24 points at debt to capital in total, while cash flow to debt ratio is standing at 0.44. The debt to equity ratio resting at 0.31. The interest coverage ratio of the stock is 9.44.
Currently, EBITDA for the company is 598.6 million with net debt to EBITDA at 2.09. When we switch over and look at the enterprise to sales, we see a ratio of 1.36. The receivables turnover for the company is 0.99for trailing twelve months and the total asset turnover is 0.35. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.56.
Conclusion
In conclusion, Old Republic International Corp. (ORI) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
