Orion180 Insurance Group (NASDAQ:OIG) Stock: Insider Craig Darling Acquires 1,900 Shares

Key Points

• Major shareholder Craig Darling purchased 1,900 OIG shares at an average price of $10.08, spending $19,152. Following the transaction, he directly owned 5.71 million shares valued at approximately $57.6 million.
• Darling has made several additional purchases recently, including 1,000 shares on October 6 and 6,990 shares on September 22, signaling continued insider buying.
• OIG shares rose 2.2% to $9.14, while analysts maintained a generally positive outlook: the stock has a consensus “Moderate Buy” rating and a $14.98 average price target.

Orion180 Insurance Group Inc. (NASDAQ:OIG - Get Free Report) major shareholder Craig Darling acquired 1,900 shares of the business's stock in a transaction on Wednesday, September 23rd. The shares were purchased at an average price of $10.08 per share, for a total transaction of $19,152.00. Following the transaction, the insider directly owned 5,713,090 shares of the company's stock, valued at approximately $57,587,947.20. The trade was a 0.03% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Large shareholders that own at least 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 bought 1,000 shares of Orion180 Insurance Group stock. The stock was purchased at an average price of $8.92 per share, with a total value of $8,920.00.
• On Tuesday, September 22nd, Craig Darling purchased 6,990 shares of Orion180 Insurance Group stock. The shares were purchased at an average cost of $10.72 per share, with a total value of $74,932.80.
• On Monday, September 21st, Craig Darling purchased 1,000 shares of Orion180 Insurance Group stock. The shares were purchased at an average cost of $11.62 per share, with a total value 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%

NASDAQ:OIG traded up $0.20 during mid-day trading on Monday, hitting $9.14. 43,645 shares of the stock traded hands, compared to its average volume of 364,944. Orion180 Insurance Group Inc. has a 52 week low of $7.78 and a 52 week high of $12.06.

Analyst Upgrades and Downgrades

Several research firms recently commented on OIG. 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 price target on the stock. Raymond James Financial initiated coverage on shares of Orion180 Insurance Group in a research note on Tuesday, October 13th. They issued a "market perform" rating on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on Orion180 Insurance Group in a report on Tuesday, October 13th. They set a "buy" rating and a $12.90 price objective on the stock. Texas Capital raised shares of Orion180 Insurance Group to a "strong-buy" rating in a report on Tuesday, October 20th. Finally, Zacks Research raised shares of Orion180 Insurance Group to a "hold" rating in a research report on Wednesday, October 14th. One investment 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 company's stock. Based on data from MarketBeat, Orion180 Insurance Group has a consensus rating of "Moderate Buy" and a consensus price target 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.

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