Orion180 Insurance Group (NASDAQ:OIG) Stock Falls 4.7% – What’s Next?

Orion180 Insurance Group Inc. (NASDAQ:OIG – Get Free Report) dropped 4.7% during mid-day trading on Wednesday. The company traded as low as $9.01 and last traded at $9.01. Approximately 23,519 shares changed hands during mid-day trading, a decline of 95% from the average daily volume of 466,453 shares. The stock had previously closed at $9.45.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. The Goldman Sachs Group began coverage on shares of Orion180 Insurance Group in a report on Tuesday, October 13th. They issued a “buy” rating and a $13.00 target price for the company. Citigroup assumed coverage on Orion180 Insurance Group in a report on Tuesday, October 13th. They issued a “market outperform” rating for the company. Deutsche Bank Aktiengesellschaft began coverage on Orion180 Insurance Group in a research report on Tuesday, October 13th. They issued a “buy” rating and a $12.90 price target for the company. Wall Street Zen raised shares of Orion180 Insurance Group to a “hold” rating in a report on Saturday, September 26th. Finally, UBS Group began coverage on shares of Orion180 Insurance Group in a research note on Tuesday, October 13th. They set a “buy” rating and a $14.00 price target on the stock. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $14.98.

Get Our Latest Research Report on Orion180 Insurance Group

Orion180 Insurance Group Trading Down 4.9%

Orion180 Insurance Group Company Profile

(Get Free Report)

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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