Orion180 Insurance Group (NASDAQ:OIG) Stock Rating Upgraded by Texas Capital

Key Points

• Texas Capital upgraded Orion180 Insurance Group to “strong buy.” Other analysts remain broadly positive, with six “buy” ratings, two “hold” ratings, and an average consensus rating of “moderate buy.”
• Analyst price targets range from $12.90 to $15.00, with an average target of $14.98, above the stock’s reported opening price of $8.93.
• OIG shares were down 0.9% in trading and have ranged between $7.78 and $12.06 over the past 12 months. The company provides technology-enabled homeowners and personal property-and-casualty insurance.

Orion180 Insurance Group (NASDAQ:OIG - Get Free Report) was upgraded by equities research analysts at Texas Capital to a "strong-buy" rating in a report released on Tuesday, Zacks reports.

A number of other research analysts have also commented on OIG. 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 price objective for the company. Royal Bank Of Canada initiated coverage on Orion180 Insurance Group in a report on Tuesday, October 13th. They set an "outperform" rating and a $15.00 price objective for the company. UBS Group started coverage on shares of Orion180 Insurance Group in a research note on Tuesday, October 13th. They set a "buy" rating and a $14.00 price objective on the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of Orion180 Insurance Group in a research report on Tuesday, October 13th. They set a "buy" rating and a $12.90 price objective for the company. Finally, Citigroup assumed coverage on Orion180 Insurance Group in a report on Tuesday, October 13th. They issued a "market outperform" rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $14.98.

Orion180 Insurance Group Trading Down 0.9%

OIG opened at $8.93 on Tuesday. Orion180 Insurance Group has a twelve month low of $7.78 and a twelve month 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.