Orion180 Insurance Group (NASDAQ:OIG) Major Shareholder Acquires 1,000 Shares of Company Stock

Key Points

• Major shareholder Craig Darling purchased 1,000 OIG shares at an average price of $11.62, investing $11,620 and increasing his holdings to 5,704,200 shares valued at approximately $66.3 million.
• Darling has made several additional purchases recently, including 6,990 shares on September 22 and 1,000 shares on October 6, signaling continued insider buying.
• OIG shares rose 2.2% to $9.14, while analysts maintained a generally positive outlook: the stock has a “Moderate Buy” consensus rating and a $14.98 average price target.

Orion180 Insurance Group Inc. (NASDAQ:OIG - Get Free Report) major shareholder Craig Darling purchased 1,000 shares of the stock in a transaction on Monday, September 21st. The shares were bought at an average price of $11.62 per share, for a total transaction of $11,620.00. Following the acquisition, the insider owned 5,704,200 shares of the company's stock, valued at approximately $66,282,804. The trade was a 0.02% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Large shareholders that own more than 10% of a company's shares are required to disclose their transactions 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 stock was bought at an average price of $8.92 per share, for a total transaction of $8,920.00.
• On Wednesday, September 23rd, Craig Darling bought 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 bought 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%

OIG traded up $0.20 during trading on Monday, hitting $9.14. The company's stock had a trading volume of 43,645 shares, compared to its average volume of 364,944. Orion180 Insurance Group Inc. has a 12 month low of $7.78 and a 12 month high of $12.06.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on OIG shares. 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 target price for the company. Citigroup initiated coverage on Orion180 Insurance Group in a research note on Tuesday, October 13th. They set a "market outperform" rating for the company. Texas Capital upgraded shares of Orion180 Insurance Group to a "strong-buy" rating in a report on Tuesday, October 20th. Citizens Jmp began coverage on Orion180 Insurance Group in a research report on Tuesday, October 13th. They set a "market outperform" rating and a $20.00 price objective for the company. Finally, Zacks Research upgraded Orion180 Insurance Group to a "hold" rating in a research note on Wednesday, October 14th. One 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 company's stock. According to MarketBeat.com, 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.

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