Orion180 Insurance Group (NASDAQ:OIG) Major Shareholder Craig Darling Acquires 6,990 Shares of Company Stock

Key Points

• Major shareholder Craig Darling bought 6,990 OIG shares at an average price of $10.72, investing $74,932.80 and increasing his ownership by 0.12% to 5.71 million shares.
• Darling made several additional purchases in September and October, while OIG shares recently traded at $9.14, up 2.2% for the session and within a $7.78–$12.06 1-year range.
• Analyst sentiment is generally positive, with a consensus “Moderate Buy” rating and a $14.98 price target; targets cited include $12.90 from Deutsche Bank and $20.00 from Citizens JMP.

Orion180 Insurance Group Inc. (NASDAQ:OIG - Get Free Report) major shareholder Craig Darling bought 6,990 shares of the business's stock in a transaction on Tuesday, September 22nd. The stock was bought at an average price of $10.72 per share, for a total transaction of $74,932.80. Following the purchase, the insider directly owned 5,711,190 shares of the company's stock, valued at $61,223,956.80. The trade was a 0.12% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Major shareholders that own at least 10% of a company's shares 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 bought 1,000 shares of Orion180 Insurance Group stock. The shares were bought at an average cost of $8.92 per share, with a total value of $8,920.00.
• On Wednesday, September 23rd, Craig Darling purchased 1,900 shares of Orion180 Insurance Group stock. The stock was bought at an average cost of $10.08 per share, for a total transaction of $19,152.00.
• On Monday, September 21st, Craig Darling bought 1,000 shares of Orion180 Insurance Group stock. The stock was purchased at an average cost of $11.62 per share, for a total transaction of $11,620.00.
• On Friday, September 18th, Craig Darling purchased 100 shares of Orion180 Insurance Group stock. The shares were purchased at an average price of $11.72 per share, for a total transaction of $1,172.00.

Orion180 Insurance Group Trading Up 2.2%

Shares of OIG stock traded up $0.20 during midday trading on Monday, reaching $9.14. 43,645 shares of the company traded hands, compared to its average volume of 364,944. Orion180 Insurance Group Inc. has a 1-year low of $7.78 and a 1-year high of $12.06.

Analysts Set New Price Targets

OIG has been the subject of several research reports. Deutsche Bank Aktiengesellschaft began coverage on Orion180 Insurance Group in a research note on Tuesday, October 13th. They set a "buy" rating and a $12.90 price objective for the company. Citigroup initiated coverage on shares of Orion180 Insurance Group in a report on Tuesday, October 13th. They set a "market outperform" rating for the company. Zacks Research raised Orion180 Insurance Group to a "hold" rating in a research report on Wednesday, October 14th. Texas Capital upgraded shares of Orion180 Insurance Group to a "strong-buy" rating in a research report on Tuesday, October 20th. Finally, Citizens Jmp started coverage on shares of Orion180 Insurance Group in a research note on Tuesday, October 13th. They issued a "market outperform" rating and a $20.00 price target on the stock. One 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 company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price 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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