Orion180 Insurance Group Inc. (NASDAQ:OIG) Stock Now Rated “Moderate Buy” by Sell-Side Brokerages

Orion180 Insurance Group Inc. (NASDAQ:OIG) has earned an average rating of “Moderate Buy” from the nine ratings firms that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $14.98.

OIG has been the topic of a number of recent research reports. UBS Group initiated coverage on shares of Orion180 Insurance Group in a report on Tuesday, October 13th. They issued a “buy” rating and a $14.00 target price on the stock. 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 objective for the company. Zacks Research raised shares of Orion180 Insurance Group to a “hold” rating in a report on Wednesday, October 14th. Deutsche Bank started coverage on shares of Orion180 Insurance Group in a report on Tuesday, October 13th. They issued a “buy” rating and a $12.90 price objective on the stock. Finally, Citizens Jmp initiated coverage on shares of Orion180 Insurance Group in a research note on Tuesday, October 13th. They set a “market outperform” rating and a $20.00 target price for the company.

Insider Activity

In related news, major shareholder Craig Darling acquired 6,990 shares of the business’s stock in a transaction that occurred on Tuesday, September 22nd. The shares were acquired 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 directly owned 5,711,190 shares in the company, valued at $61,223,956.80. This trade represents a 0.12% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders acquired a total of 10,990 shares of company stock valued at $115,797 over the last ninety days. Corporate insiders own 2.58% of the company’s stock.

Orion180 Insurance Group Stock Up 11.1%

Shares of NASDAQ OIG opened at $10.40 on Friday. Orion180 Insurance Group has a twelve month low of $7.78 and a twelve month high of $12.06.

Orion180 Insurance Group (NASDAQ:OIG) last released its quarterly earnings data on Tuesday, November 10th. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.05. The business had revenue of $53.90 million during the quarter, compared to analyst estimates of $43.71 million. As a group, research analysts anticipate that Orion180 Insurance Group will post 0.47 EPS for the current year.

About Orion180 Insurance Group

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.