Orion180 Insurance Group (NASDAQ:OIG) Stock Picked Up by Analysts at Royal Bank Of Canada

Stock analysts at Royal Bank Of Canada initiated coverage on shares of Orion180 Insurance Group (NASDAQ:OIG) in a report issued on Tuesday, Marketbeat Ratings reports. The brokerage set a “moderate buy” rating and a $15.00 price target on the stock. Royal Bank Of Canada’s price target would indicate a potential upside of 67.22% from the company’s current price.

Several other brokerages have also weighed in on OIG. Citigroup initiated coverage on Orion180 Insurance Group in a research note on Tuesday. They issued a “market outperform” rating for the company. Citizens Jmp initiated coverage on Orion180 Insurance Group in a research note on Tuesday. They issued a “market outperform” rating and a $20.00 price target for the company. Wall Street Zen upgraded Orion180 Insurance Group to a “hold” rating in a research note on Saturday, September 26th. UBS Group initiated coverage on Orion180 Insurance Group in a research note on Tuesday. They issued a “buy” rating and a $14.00 price target for the company. Finally, The Goldman Sachs Group initiated coverage on Orion180 Insurance Group in a research note on Tuesday. They issued a “buy” rating and a $13.00 price target for the company. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $14.98.

Orion180 Insurance Group Trading Down 1.0%

Shares of NASDAQ OIG traded down $0.09 during trading on Tuesday, reaching $8.97. 3,740 shares of the company traded hands, compared to its average volume of 515,544. Orion180 Insurance Group has a 12-month low of $7.78 and a 12-month 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.