Orion180 Insurance Group Inc. (NASDAQ:OIG) Stock Has Average Price Target of $14.98 According to Brokerages

Shares of Orion180 Insurance Group Inc. (NASDAQ:OIG) have been given a consensus recommendation of “Moderate Buy” by the nine analysts that are currently covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $14.98.

Several research firms have weighed in on OIG. Zacks Research upgraded shares of Orion180 Insurance Group to a “hold” rating in a report on Wednesday, October 14th. Texas Capital upgraded shares of Orion180 Insurance Group to a “strong-buy” rating in a research note on Tuesday, October 20th. Raymond James Financial initiated coverage on shares of Orion180 Insurance Group in a report on Tuesday, October 13th. They issued a “market perform” rating for the company. Citigroup initiated coverage on Orion180 Insurance Group in a research note on Tuesday, October 13th. They set a “market outperform” rating on the stock. Finally, The Goldman Sachs Group started coverage on Orion180 Insurance Group in a research note on Tuesday, October 13th. They set a “buy” rating and a $13.00 price target on the stock.

Insider Buying and Selling at Orion180 Insurance Group

In other Orion180 Insurance Group news, major shareholder Craig Darling purchased 6,990 shares of the firm’s stock in a transaction on Tuesday, September 22nd. The stock was bought at an average cost of $10.72 per share, for a total transaction of $74,932.80. Following the completion of the purchase, the insider owned 5,711,190 shares in the company, valued at $61,223,956.80. This represents a 0.12% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have acquired 10,990 shares of company stock valued at $115,797 over the last ninety days. Company insiders own 2.58% of the company’s stock.

Orion180 Insurance Group Stock Performance

NASDAQ OIG opened at $8.97 on Friday. Orion180 Insurance Group has a 1-year low of $7.78 and a 1-year high of $12.06.

Orion180 Insurance Group Company Profile

Orion180 Insurance Group, Inc is a technology-driven property and casualty insurance company focused primarily on personal lines coverage. Through its insurance subsidiaries, the company provides products designed to protect residential properties and personal belongings, including homeowners, renters and related property insurance offerings.

The company uses proprietary technology and data analytics to support policy underwriting, pricing, distribution and claims management. Orion180 distributes its products through independent insurance agents and other channels, with an emphasis on simplifying the insurance purchasing and servicing experience for customers and agents.

Founded in 2016, Orion180 serves customers in selected U.S.