Key Points
- Major shareholder Craig Darling purchased 1,000 OIG shares at an average price of $11.62, bringing his direct holdings to 5,704,200 shares valued at approximately $66.3 million. He has made several additional purchases recently.
- Orion180 Insurance Group shares opened at $9.14 and have traded between $7.78 and $12.06 over the past year.
- Analyst coverage is generally positive, with a consensus rating of “Moderate Buy” and an average price target of $14.98; price targets include $12.90 from Deutsche Bank, $13.00 from Goldman Sachs, and $15.00 from RBC.
Orion180 Insurance Group Inc. (NASDAQ:OIG - Get Free Report) major shareholder Craig Darling acquired 1,000 shares of the company's stock in a transaction that occurred on Monday, September 21st. The stock was purchased at an average cost of $11.62 per share, with a total value of $11,620.00. Following the completion of the purchase, the insider directly owned 5,704,200 shares in the company, valued at $66,282,804. This represents a 0.02% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own more than 10% 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 acquired 1,000 shares of Orion180 Insurance Group stock. The shares were purchased at an average cost of $8.92 per share, with a total value of $8,920.00.
- On Wednesday, September 23rd, Craig Darling bought 1,900 shares of Orion180 Insurance Group stock. The shares were purchased at an average price of $10.08 per share, for a total transaction of $19,152.00.
- On Tuesday, September 22nd, Craig Darling bought 6,990 shares of Orion180 Insurance Group stock. The shares were purchased at an average price of $10.72 per share, for a total transaction of $74,932.80.
- On Friday, September 18th, Craig Darling bought 100 shares of Orion180 Insurance Group stock. The stock was purchased at an average cost of $11.72 per share, for a total transaction of $1,172.00.
Orion180 Insurance Group Trading Up 2.2%
Orion180 Insurance Group stock opened at $9.14 on Tuesday. Orion180 Insurance Group Inc. has a fifty-two week low of $7.78 and a fifty-two week high of $12.06.
Analyst Ratings Changes
Several equities research analysts recently commented on OIG shares. Deutsche Bank Aktiengesellschaft started coverage on shares of Orion180 Insurance Group in a research report on Tuesday, October 13th. They issued a "buy" rating and a $12.90 price objective on the stock. The Goldman Sachs Group began coverage on shares of Orion180 Insurance Group in a research report on Tuesday, October 13th. They set a "buy" rating and a $13.00 target price for the company. Raymond James Financial initiated coverage on shares of Orion180 Insurance Group in a report on Tuesday, October 13th. They issued a "market perform" rating on the stock. Royal Bank Of Canada assumed coverage on shares of Orion180 Insurance Group in a report on Tuesday, October 13th. They issued an "outperform" rating and a $15.00 price target on the stock. Finally, Citigroup assumed coverage on shares of Orion180 Insurance Group in a research report on Tuesday, October 13th. They issued a "market outperform" rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $14.98.
Check Out Our Latest Stock Report on OIG
About Orion180 Insurance Group
(
Get Free Report)
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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