Growth Story Still Intact For Old Republic International Corp. (ORI)

Old Republic International Corp. (ORI) concluded trading on Thursday at a closing price of $30.02, with 3.55 million shares of worth about $106.71 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 11.52% during that period and on April 25, 2024 the price saw a loss of about -0.92%. Currently the company’s common shares owned by public are about 278.39M shares, out of which, 257.86M shares are available for trading.

Stock saw a price change of 3.09% in past 5 days and over the past one month there was a price change of 0.17%. Year-to-date (YTD), ORI shares are showing a performance of 2.11% which increased to 21.93% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $24.03 but also hit the highest price of $31.22 during that period. The average intraday trading volume for Old Republic International Corp. shares is 1.86 million. The stock is currently trading -0.09% below its 20-day simple moving average (SMA20), while that difference is up 1.79% for SMA50 and it goes to 6.09% higher than SMA200.

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Old Republic International Corp. (NYSE: ORI) currently have 278.39M outstanding shares and institutions hold larger chunk of about 72.18% of that.

The stock has a current market capitalization of $8.35B and its 3Y-monthly beta is at 0.81. PE ratio of stock for trailing 12 months is 11.70, while it has posted earnings per share of $2.57 in the same period. Its PEG reads 1.17 while making debt-to-equity ratio of 0.31. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ORI, volatility over the week remained 2.62% while standing at 1.84% over the month.

Stock’s fiscal year EPS is expected to rise by 4.08% while it is estimated to increase by 7.33% in next year. EPS is likely to shrink at an annualized rate of 10.00% for next 5-years, compared to annual growth of 11.06% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Piper Sandler on February 12, 2024 offering an Overweight rating for the stock and assigned a target price of $32 to it. Coverage by Piper Sandler stated Old Republic International Corp. (ORI) stock as a Neutral in their note to investors on May 17, 2023, suggesting a price target of $27 for the stock. Stock get a Mkt outperform rating from JMP Securities on February 12, 2018.

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