Orion180 Insurance Group Inc. (NASDAQ:OIG – Get Free Report)’s share price dropped 4.7% on Wednesday. The stock traded as low as $9.01 and last traded at $9.01. 23,519 shares traded hands during trading, a decline of 95% from the average daily volume of 466,453 shares. The stock had previously closed at $9.45.
Analyst Ratings Changes
A number of research analysts have recently weighed in on the company. Citizens Jmp began coverage on Orion180 Insurance Group in a report on Tuesday, October 13th. They issued a “market outperform” rating and a $20.00 price objective on the stock. Raymond James Financial initiated coverage on Orion180 Insurance Group in a report on Tuesday, October 13th. They set a “market perform” rating for the company. Royal Bank Of Canada initiated coverage on Orion180 Insurance Group in a research report on Tuesday, October 13th. They issued an “outperform” rating and a $15.00 target price on the stock. UBS Group assumed coverage on shares of Orion180 Insurance Group in a report on Tuesday, October 13th. They issued a “buy” rating and a $14.00 price target on the stock. Finally, Texas Capital raised shares of Orion180 Insurance Group to a “strong-buy” rating in a research report on Tuesday. 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 an average price target of $14.98.
Read Our Latest Research Report on Orion180 Insurance Group
Orion180 Insurance Group Stock Down 0.9%
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.
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