A company insider recently bought 9,920 shares of Old Republic International Corporation [ORI]. Should You Buy?

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Old Republic International Corporation shares valued at $234,410 were purchased by CALDWELL LISA J on May 27. At $23.63 per share, CALDWELL LISA J acquired 9,920 shares. The insider’s holdings grew to 10,706 shares worth approximately $0.23 million following the completion of this transaction.

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Also, WALKER STEVEN R purchased 1,000 shares, netting a total of over 21,585 in proceeds. Following the buying of shares at $21.59 each, the insider now holds 13,500 shares.

Before that, WALKER STEVEN R had added 1,500 shares to its account. In a trade valued at $32,383, the Director bought Old Republic International Corporation shares for $21.59 each. Upon closing the transaction, the insider’s holdings increased to 1,500 shares, worth approximately $0.57 million.

As published in a research note from Raymond James on April 29, 2022, Old Republic International Corporation [ORI] has been rated down from a Strong buy to an Outperform and the price target has been revised to $28 from $30. This represents a 23.0% premium over Wednesday’s closing price. Analysts at JMP Securities downgraded the stock from ‘”a Mkt outperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in mid July. As of February 12, 2018, JMP Securities has increased its “Mkt perform” rating to a “Mkt outperform” for ORI. Earlier on October 30, 2017, Raymond James upgraded its rating. Their new recommendation was “a Strong buy” for ORI stock which previously was a “an Outperform”.

Analyzing ORI’s Price Performance

On Wednesday, Old Republic International Corporation [NYSE: ORI] plunged -1.87% to $21.56. The stock’s lowest price that day was $21.56, but it reached a high of $22.1775 in the same session. During the last five days, there has been a surge of approximately 1.36%. Over the course of the year, Old Republic International Corporation shares have dropped approximately -8.34%. Shares of the company reached a 52-week high of $27.19 on 02/16/22 and a 52-week low of $20.93 on 06/17/22. A 50-day SMA is recorded $22.74, while a 200-day SMA reached $23.96. Nevertheless, trading volume fell to 1.34 million shares from 1.54 million shares the previous day.

Support And Resistance Levels for Old Republic International Corporation (ORI)

According to the 24-hour chart, there is a support level at 21.35, which, if violated, would cause prices to drop to 21.15. In the upper region, resistance lies at 21.97. The next price resistance is at 22.38. RSI (Relative Strength Index) is 43.28 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.06, which suggests the price will decrease in the coming days. Percent R is at 72.49%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.

Is Old Republic International Corporation subject to short interest?

Stocks of Old Republic International Corporation saw a sharp rise in short interest on Jul 14, 2022 jumping by 90000.0 shares to 3.46 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 3.37 million shares. A jump of 2.6% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 1.8 of the overall float, the days-to-cover ratio (short ratio) jumped to 1.8.

Which companies own the most shares of Old Republic International Corporation (ORI)?

According to BlackRock Fund Advisors filings, the company currently owns 30,671,285 shares, which is about 9.93% of the total ORI shares outstanding. The investor’s shares have appreciated by 1,878,715 from its previous 13-F filing of 28792570.0 shares. With the completion of the buy transaction, The Vanguard Group, Inc.’s stake is now worth $601,894,064. SSgA Funds Management, Inc. acquire a 4.52% interest valued at $530.84 million while Victory Capital Management, Inc. purchased a 5,839,958 stake. A total of 65,030 shares of Old Republic International Corporation were bought by Fidelity Management & Research Co during the quarter, and 114,828 were bought by Dimensional Fund Advisors LP. In its current portfolio, Geode Capital Management LLC holds 5,163,703 shares valued at $112.78 million.

In terms of Old Republic International Corporation share price expectations, FactSet research, analysts set an average price target of $28.00 in the next 12 months, up nearly 27.45% from the previous closing price of $21.97. Analysts anticipate Old Republic International Corporation stock to reach $28.00 by 2022, with the lowest price target being $28.00. In spite of this, 3 analysts ranked Old Republic International Corporation stock as a Hold at the end of 2022. On January 28, 2011, Wunderlich assigned a price target of “a Buy” to the stock and reiterated coverage with a $16.


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