Orion180 Insurance Group Inc.’s (NASDAQ:OIG) Quiet Period Set To Expire on October 28th

Orion180 Insurance Group’s (NASDAQ:OIG) quiet period is set to end on Wednesday, October 28th. Orion180 Insurance Group had issued 20,000,000 shares in its IPO on September 18th. The total size of the offering was $240,000,000 based on an initial share price of $12.00. During the company’s quiet period, underwriters and any insiders that worked on the IPO are prevented from issuing any research reports for the company because of SEC regulations. Following the expiration of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Analyst Ratings Changes

A number of brokerages have commented on OIG. Raymond James Financial assumed coverage on Orion180 Insurance Group in a research report on Tuesday, October 13th. They issued a “market perform” rating for the company. UBS Group began coverage on Orion180 Insurance Group in a research report on Tuesday, October 13th. They set a “buy” rating and a $14.00 price objective on the stock. The Goldman Sachs Group initiated coverage on Orion180 Insurance Group in a research report on Tuesday, October 13th. They set a “buy” rating and a $13.00 price objective on the stock. Royal Bank Of Canada assumed coverage on Orion180 Insurance Group in a research note on Tuesday, October 13th. They issued an “outperform” rating and a $15.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Orion180 Insurance Group in a research report on Tuesday, October 13th. They issued a “buy” rating and a $12.90 target price for the company. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $14.98.

Orion180 Insurance Group Price Performance

NASDAQ:OIG opened at $8.93 on Friday. Orion180 Insurance Group has a 52 week low of $7.78 and a 52 week high of $12.06.

About Orion180 Insurance Group

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.