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

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

Analysts Set New Price Targets

A number of equities analysts have commented on OIG shares. Wall Street Zen raised Orion180 Insurance Group to a “hold” rating in a research note on Saturday, September 26th. UBS Group started coverage on Orion180 Insurance Group in a research note on Tuesday, October 13th. They issued a “buy” rating and a $14.00 target price for the company. Zacks Research raised Orion180 Insurance Group to a “hold” rating in a report on Wednesday, October 14th. Deutsche Bank Aktiengesellschaft began coverage on Orion180 Insurance Group in a report on Tuesday, October 13th. They issued a “buy” rating and a $12.90 price target for the company. Finally, Royal Bank Of Canada started coverage on shares of Orion180 Insurance Group in a research report on Tuesday, October 13th. They set an “outperform” rating and a $15.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $14.98.

Orion180 Insurance Group Stock Performance

Shares of OIG opened at $8.94 on Friday. Orion180 Insurance Group has a fifty-two week low of $7.78 and a fifty-two 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.