Orion180 Insurance Group (NASDAQ:OIG) Major Shareholder Buys $19,152.00 in Stock

Orion180 Insurance Group Inc. (NASDAQ:OIG) major shareholder Craig Darling acquired 1,900 shares of the stock in a transaction that occurred on Wednesday, September 23rd. The stock was acquired at an average price of $10.08 per share, with a total value of $19,152.00. Following the completion of the transaction, the insider directly owned 5,713,090 shares of the company’s stock, valued at $57,587,947.20. This trade represents a 0.03% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Craig Darling also recently made the following trade(s):

• On Tuesday, October 6th, Craig Darling bought 1,000 shares of Orion180 Insurance Group stock. The shares were acquired at an average cost of $8.92 per share, with a total value of $8,920.00.
• On Tuesday, September 22nd, Craig Darling bought 6,990 shares of Orion180 Insurance Group stock. The stock was acquired at an average price of $10.72 per share, for a total transaction of $74,932.80.
• On Monday, September 21st, Craig Darling bought 1,000 shares of Orion180 Insurance Group stock. The stock was acquired at an average price of $11.62 per share, for a total transaction of $11,620.00.
• On Friday, September 18th, Craig Darling purchased 100 shares of Orion180 Insurance Group stock. The stock was acquired at an average cost of $11.72 per share, for a total transaction of $1,172.00.

Orion180 Insurance Group Trading Up 2.9%

Shares of Orion180 Insurance Group stock opened at $9.53 on Thursday. Orion180 Insurance Group Inc. has a 52 week low of $7.78 and a 52 week high of $12.06.

Wall Street Analyst Weigh In

OIG has been the topic of a number of recent analyst reports. The Goldman Sachs Group started coverage on shares of Orion180 Insurance Group in a research report on Tuesday, October 13th. They issued a “buy” rating and a $13.00 target price on the stock. Texas Capital raised shares of Orion180 Insurance Group to a “strong-buy” rating in a research note on Tuesday, October 20th. Citigroup began coverage on shares of Orion180 Insurance Group in a research report on Tuesday, October 13th. They set a “market outperform” rating for the company. Citizens Jmp initiated coverage on shares of Orion180 Insurance Group in a research note on Tuesday, October 13th. They issued a “market outperform” rating and a $20.00 price target on the stock. Finally, UBS Group initiated coverage on shares of Orion180 Insurance Group in a research note on Tuesday, October 13th. They issued a “buy” rating and a $14.00 price target on the stock. One 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, Orion180 Insurance Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $14.98.

Orion180 Insurance Group Company Profile

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.