UBS Group Initiates Coverage on Orion180 Insurance Group (NASDAQ:OIG)

Investment analysts at UBS Group initiated coverage on shares of Orion180 Insurance Group (NASDAQ:OIG) in a note issued to investors on Tuesday, MarketBeat reports. The firm set a “buy” rating and a $14.00 price target on the stock. UBS Group’s price target indicates a potential upside of 57.66% from the company’s previous close.

A number of other equities research analysts have also weighed in on OIG. Citigroup assumed coverage on shares of Orion180 Insurance Group in a report on Tuesday. They issued a “market outperform” rating on the stock. Citizens Jmp assumed coverage on shares of Orion180 Insurance Group in a research note on Tuesday. They set a “market outperform” rating and a $20.00 price target on the stock. The Goldman Sachs Group assumed coverage on shares of Orion180 Insurance Group in a research note on Tuesday. They set a “buy” rating and a $13.00 price target on the stock. Royal Bank Of Canada assumed coverage on shares of Orion180 Insurance Group in a research note on Tuesday. They set an “outperform” rating and a $15.00 price target on the stock. Finally, Wall Street Zen upgraded shares of Orion180 Insurance Group to a “hold” rating in a research note on Saturday, September 26th. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $14.98.

Orion180 Insurance Group Stock Performance

Shares of OIG traded down $0.16 during midday trading on Tuesday, reaching $8.88. The stock had a trading volume of 2,650 shares, compared to its average volume of 544,144. Orion180 Insurance Group has a 1-year low of $7.78 and a 1-year 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.