Orion180 Insurance Group Inc. (NASDAQ:OIG – Get Free Report)’s stock price traded up 4.7% during trading on Friday. The stock traded as high as $9.58 and last traded at $9.58. 96,202 shares traded hands during mid-day trading, a decline of 81% from the average daily volume of 512,757 shares. The stock had previously closed at $9.15.
Analyst Upgrades and Downgrades
Several equities research analysts have weighed in on OIG shares. Citizens Jmp started coverage on Orion180 Insurance Group in a research report on Tuesday, October 13th. They set a “market outperform” rating and a $20.00 price target on the stock. Citigroup assumed coverage on Orion180 Insurance Group in a research note on Tuesday. They set a “market outperform” rating for the company. UBS Group started coverage on Orion180 Insurance Group in a report on Tuesday. They issued a “buy” rating and a $14.00 price objective for the company. Zacks Research upgraded Orion180 Insurance Group to a “hold” rating in a research note on Wednesday. Finally, Raymond James Financial initiated coverage on Orion180 Insurance Group in a research note on Tuesday. They issued a “market perform” rating on the stock. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Orion180 Insurance Group has an average rating of “Moderate Buy” and a consensus target price of $14.98.
Check Out Our Latest Research Report on Orion180 Insurance Group
Orion180 Insurance Group Stock Up 4.7%
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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