On Jun 21, BROOKFIELD ASSET MANAGEMENT IN, Director by Deputization sold 1,900,000 shares of Brookfield Asset Management Inc. (NYSE:BAM), with the average selling price of the stock being $23.75 per share. The total amount realized from this sold $45,125,000. A document was filed with the Securities and Exchange Commission to notify the public about the sold of the shares.
In addition to that, Director by Deputization – BROOKFIELD ASSET MANAGEMENT IN sold an extra 1,900,000 shares of this stock in a transaction that took place a day before, on Jun 21, with a share sold at an average of $23.75 and a total of $45,125,000 was realized from this transaction. After the transaction, the Director by Deputization – BROOKFIELD ASSET MANAGEMENT IN was left with 228,500 shares of the company’s stock, which is currently worth around $5426875.0.
The recent price movement of BAM means that it is now down by -2.79% from its 52-week high and 44.75% up against its 52-week low prices. Over the past one week, the price volatility of BAM stands at 1.24% while the volatility over the past one month is 1.53%. The beta score for this stock is 1.05. A beta score below 1 means that the stock has a low volatility while above 1 signifies that a stock is highly volatile at that particular moment, a data that traders use to keep tabs on their investments.
The company on 08/08/2019 published its latest quarterly earnings, with the report showing that the company recorded 0.11 earnings per share (EPS) during that period. This report was above the expectations of analysts of 0.01 by 0.1. The revenue by the firm was 15B for the quarter.
The shares of Brookfield Asset Management Inc. (BAM) gained by 0.95%, leading to a gain of $0.5 per share, and saw BAM end the trading session at $52.95 on Tuesday 10/15/19. BAM started the trading session at $52.59, before reaching a daily high of $53.22. It wasn’t able to sustain that growth though and soon jumped to hit a daily low of $52.59.
The trading volume on Tuesday stood at 1356201, which was below the stock’s 3-month average volume of 1.85 million shares, out of a total 868.53M shares. As the price of the stock climbed, the market valuation of the company gained to 55.22 billion.
The shares of Old Republic International Corporation (NYSE:ORI) went up by 0.72% by the end of the recent trading session. This movement saw its price surge to close at $23.65, which was higher than the previous closing price of $23.48. Over the past one week, the price of ORI has jumped by 2.92%, while it has recorded a gain of 3.46% over the past one month. Its three-month performance saw ORI gain 7.67% while its six-month performance saw it surge by 15.85%. The situation is different though over the past one year, as the stock price went up by 21.98%, while its year-to-date (YTD) price performance jumped by 20.02%. The stock price has gone up by +9.44% compared to its 90-day low, while it is down -0.69% compared to its 90-day high price.
Let’s take a look at its short, medium and long-term indicators. Composite Indicators shows that Trendspotter rated the stock as a Buy. In the short-term, the stock has a 20-day average volume of 1,502,650 shares, with the short-term indicators averagely rating the stock as a 100% Buy. A look at its medium-term indicators reveals that it has a 50-Day average volume of 1,520,278 shares and the indicators have an average rating of 100% Buy. The last indicators, the long-term see ORI stock with a 100-Day average volume of 1,425,284 shares, giving it an average rating of 100% Buy. A look at the general picture of all short, medium and long-term indicators leaves ORI with an average rating of 100% Buy.
Several brokerage firms sent out their reports ORI stock not long ago. In its report sent out on July 12, 2019, JMP Securities lowered its ratings on ORI from a Mkt Outperform to a Mkt Perform. In an earlier report on February 12, 2018, JMP Securities Upgrade the stock from a Mkt Perform to a Mkt Outperform. Raymond James meanwhile in its report on October 30, 2017 Upgrade its rating of the stock from a “Strong Buy” to “Strong Buy”.
In related news to the company’s stock, around 77.20% shares are being held by institutional investors. In a recent SEC filing, the company revealed that 461 institutions currently hold the ORI stock. In the last quarter, a 230,998,978 ORI shares were in the possession of institutions. On the other hand, the company recorded 41 new institutions who bought it their stock, while 46 institutions sold their entire ORI reserve. Of the current institutions investing in the stock, 178 increased their investment while 203 decreased their investment in the stock.