Insider Buying: Orion180 Insurance Group (NASDAQ:OIG) Major Shareholder Acquires 1,000 Shares of Company Stock

Orion180 Insurance Group Inc. (NASDAQ:OIG) major shareholder Craig Darling purchased 1,000 shares of the business’s stock in a transaction that occurred on Monday, September 21st. The stock was bought at an average price of $11.62 per share, with a total value of $11,620.00. Following the completion of the purchase, the insider owned 5,704,200 shares of the company’s stock, valued at $66,282,804. This trade represents a 0.02% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Craig Darling also recently made the following trade(s):

• On Tuesday, October 6th, Craig Darling acquired 1,000 shares of Orion180 Insurance Group stock. The shares were purchased at an average price of $8.92 per share, for a total transaction of $8,920.00.
• On Wednesday, September 23rd, Craig Darling purchased 1,900 shares of Orion180 Insurance Group stock. The shares were purchased at an average price of $10.08 per share, for a total transaction of $19,152.00.
• On Tuesday, September 22nd, Craig Darling acquired 6,990 shares of Orion180 Insurance Group stock. The shares were purchased at an average price of $10.72 per share, with a total value of $74,932.80.
• On Friday, September 18th, Craig Darling purchased 100 shares of Orion180 Insurance Group stock. The shares were acquired at an average cost of $11.72 per share, with a total value of $1,172.00.

Orion180 Insurance Group Price Performance

NASDAQ:OIG traded up $0.20 on Monday, hitting $9.14. The company had a trading volume of 43,645 shares, compared to its average volume of 364,944. Orion180 Insurance Group Inc. has a 52 week low of $7.78 and a 52 week high of $12.06.

Analyst Ratings Changes

A number of brokerages recently issued reports on OIG. Deutsche Bank Aktiengesellschaft began coverage on Orion180 Insurance Group in a research note on Tuesday, October 13th. They issued a “buy” rating and a $12.90 price objective on the stock. Raymond James Financial started coverage on Orion180 Insurance Group in a research report on Tuesday, October 13th. They issued a “market perform” rating for the company. Wall Street Zen raised shares of Orion180 Insurance Group to a “hold” rating in a research note on Saturday, September 26th. Citigroup began coverage on shares of Orion180 Insurance Group in a research note on Tuesday, October 13th. They issued a “market outperform” rating for the company. Finally, Citizens Jmp began coverage on shares of Orion180 Insurance Group in a research note on Tuesday, October 13th. They issued a “market outperform” rating and a $20.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $14.98.

Orion180 Insurance Group Company Profile

Orion180 Insurance Group, Inc is an insurance holding company focused on personal property and casualty insurance. Through its affiliated insurance carriers and distribution businesses, the company provides coverage designed primarily for homeowners and other residential property owners.

The company uses a technology-driven platform to support insurance quoting, underwriting, policy administration, claims management, and customer service. Its product offerings have included homeowners insurance and related personal-lines coverage, with an emphasis on serving customers in markets exposed to severe weather and other property risks.

Orion180 was founded in 2016 and is headquartered in Melbourne, Florida.