Orion180 Insurance Group Inc.’s (NASDAQ:OIG) Quiet Period To Expire Tomorrow

Orion180 Insurance Group’s (NASDAQ:OIG) quiet period will end on Wednesday, October 28th. Orion180 Insurance Group had issued 20,000,000 shares in its 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 Orion180 Insurance Group’s quiet period, underwriters and any insiders involved in the IPO are prevented from issuing any research reports or earnings estimates for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Analysts Set New Price Targets

Several brokerages have issued reports on OIG. Royal Bank Of Canada started coverage on shares of Orion180 Insurance Group in a report on Tuesday, October 13th. They issued an “outperform” rating and a $15.00 target price for the company. Raymond James Financial assumed coverage on shares of Orion180 Insurance Group in a report on Tuesday, October 13th. They set a “market perform” rating on the stock. Texas Capital raised shares of Orion180 Insurance Group to a “strong-buy” rating in a research report on Tuesday, October 20th. UBS Group started coverage on shares of Orion180 Insurance Group in a research report on Tuesday, October 13th. They set a “buy” rating and a $14.00 price target for the company. Finally, Wall Street Zen upgraded shares of Orion180 Insurance Group to a “hold” rating in a report on Saturday, September 26th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Orion180 Insurance Group presently has a consensus rating of “Moderate Buy” and an average target price of $14.98.

Orion180 Insurance Group Stock Performance

Orion180 Insurance Group stock opened at $9.14 on Tuesday. Orion180 Insurance Group has a one year low of $7.78 and a one year high of $12.06.

Insider Transactions at Orion180 Insurance Group

In related news, major shareholder Craig Darling bought 6,990 shares of the stock in a transaction on Tuesday, September 22nd. The shares were acquired at an average price of $10.72 per share, for a total transaction of $74,932.80. Following the purchase, the insider owned 5,711,190 shares of the company’s stock, valued at approximately $61,223,956.80. The trade was a 0.12% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In the last quarter, insiders have bought 10,990 shares of company stock worth $115,797.

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.