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

Orion180 Insurance Group Inc. (NASDAQ:OIG) major shareholder Craig Darling acquired 6,990 shares of the company’s stock in a transaction on Tuesday, September 22nd. The stock was purchased at an average cost of $10.72 per share, for a total transaction of $74,932.80. Following the completion of the purchase, the insider directly owned 5,711,190 shares in the company, valued at $61,223,956.80. This trade represents a 0.12% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own more than 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 bought at an average cost of $8.92 per share, for a total transaction of $8,920.00.
• On Wednesday, September 23rd, Craig Darling acquired 1,900 shares of Orion180 Insurance Group stock. The shares were acquired at an average price of $10.08 per share, with a total value of $19,152.00.
• On Monday, September 21st, Craig Darling bought 1,000 shares of Orion180 Insurance Group stock. The stock was bought at an average price of $11.62 per share, with a total value of $11,620.00.
• On Friday, September 18th, Craig Darling bought 100 shares of Orion180 Insurance Group stock. The shares were acquired at an average cost of $11.72 per share, with a total value of $1,172.00.

Orion180 Insurance Group Price Performance

Orion180 Insurance Group stock traded up $0.20 during mid-day trading on Monday, hitting $9.14. 43,645 shares of the company’s stock were exchanged, 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.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on OIG shares. Texas Capital raised shares of Orion180 Insurance Group to a “strong-buy” rating in a report on Tuesday, October 20th. UBS Group initiated coverage on shares of Orion180 Insurance Group in a report on Tuesday, October 13th. They set a “buy” rating and a $14.00 price target on the stock. Zacks Research upgraded Orion180 Insurance Group to a “hold” rating in a research note on Wednesday, October 14th. Citizens Jmp started coverage on Orion180 Insurance Group in a research note on Tuesday, October 13th. They issued a “market outperform” rating and a $20.00 price objective for the company. Finally, Citigroup initiated coverage on Orion180 Insurance Group in a report on Tuesday, October 13th. They issued a “market outperform” rating for the company. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average 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.