Orion180 Insurance Group Inc.'s (NASDAQ:OIG) Quiet Period Set To Expire on October 28th

Key Points

• Orion180 Insurance Group’s quiet period expires October 28, potentially allowing IPO underwriters to begin publishing research coverage after the SEC-mandated restriction ends.
• The company raised $240 million through its September 18 IPO, selling 20 million shares at $12 each.
• Analyst sentiment is broadly positive, with six Buy ratings and two Holds, an overall “Moderate Buy” consensus, and an average price target of $14.98; shares recently opened at $9.45.

Orion180 Insurance Group's (NASDAQ:OIG - Get Free Report) quiet period will expire on Wednesday, October 28th. Orion180 Insurance Group had issued 20,000,000 shares in its initial public offering on September 18th. The total size of the offering was $240,000,000 based on an initial share price of $12.00. During the company's quiet period, insiders and any underwriters involved in the IPO are restricted from issuing any research reports for the company because of SEC regulations. Following the end of the company's quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft started coverage on shares of Orion180 Insurance Group in a research note on Tuesday, October 13th. They issued a "buy" rating and a $12.90 price objective for the company. UBS Group assumed coverage on shares of Orion180 Insurance Group in a report on Tuesday, October 13th. They issued a "buy" rating and a $14.00 price objective for the company. Royal Bank Of Canada began coverage on shares of Orion180 Insurance Group in a research note on Tuesday, October 13th. They set an "outperform" rating and a $15.00 target price on the stock. Citigroup initiated coverage on shares of Orion180 Insurance Group in a research note on Tuesday, October 13th. They set a "market outperform" rating on the stock. Finally, Raymond James Financial initiated coverage on shares of Orion180 Insurance Group in a report on Tuesday, October 13th. They set a "market perform" rating on the stock. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, Orion180 Insurance Group currently has an average rating of "Moderate Buy" and a consensus target price of $14.98.

Orion180 Insurance Group Stock Performance

Shares of NASDAQ OIG opened at $9.45 on Wednesday. Orion180 Insurance Group has a 12-month low of $7.78 and a 12-month high of $12.06.

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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