Orion180 Insurance Group (NASDAQ:OIG) Major Shareholder Buys $11,620.00 in Stock

Orion180 Insurance Group Inc. (NASDAQ:OIG) major shareholder Craig Darling purchased 1,000 shares of the stock in a transaction that occurred on Monday, September 21st. The shares were purchased at an average cost of $11.62 per share, for a total transaction of $11,620.00. Following the completion of the acquisition, the insider directly owned 5,704,200 shares of the company’s stock, valued at $66,282,804. This represents a 0.02% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Major shareholders that own 10% or more of a company’s stock 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 purchased 1,000 shares of Orion180 Insurance Group stock. The shares were purchased at an average price of $8.92 per share, for a total transaction of $8,920.00.
• On Wednesday, September 23rd, Craig Darling acquired 1,900 shares of Orion180 Insurance Group stock. The stock was purchased at an average cost of $10.08 per share, with a total value of $19,152.00.
• On Tuesday, September 22nd, Craig Darling acquired 6,990 shares of Orion180 Insurance Group stock. The stock was purchased at an average cost of $10.72 per share, with a total value of $74,932.80.
• On Friday, September 18th, Craig Darling acquired 100 shares of Orion180 Insurance Group stock. The stock was purchased at an average price of $11.72 per share, with a total value of $1,172.00.

Orion180 Insurance Group Price Performance

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

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft began coverage on Orion180 Insurance Group in a research note on Tuesday, October 13th. They issued a “buy” rating and a $12.90 price target for the company. Texas Capital upgraded Orion180 Insurance Group to a “strong-buy” rating in a research report on Tuesday, October 20th. Citigroup initiated coverage on Orion180 Insurance Group in a report on Tuesday, October 13th. They issued a “market outperform” rating on the stock. Raymond James Financial assumed coverage on Orion180 Insurance Group in a research report on Tuesday, October 13th. They issued a “market perform” rating for the company. Finally, The Goldman Sachs Group started coverage on Orion180 Insurance Group in a research report on Tuesday, October 13th. They issued a “buy” rating and a $13.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $14.98.

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.