Orion180 Insurance Group (NASDAQ:OIG) Stock: Insider Craig Darling Buys 1,900 Shares

Orion180 Insurance Group Inc. (NASDAQ:OIG) major shareholder Craig Darling purchased 1,900 shares of the business’s stock in a transaction dated Wednesday, September 23rd. The stock was bought at an average cost of $10.08 per share, with a total value of $19,152.00. Following the completion of the acquisition, the insider owned 5,713,090 shares of the company’s stock, valued at approximately $57,587,947.20. The trade was a 0.03% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Craig Darling also recently made the following trade(s):

• On Tuesday, October 6th, Craig Darling acquired 1,000 shares of Orion180 Insurance Group stock. The shares were bought at an average cost of $8.92 per share, for a total transaction of $8,920.00.
• On Tuesday, September 22nd, Craig Darling bought 6,990 shares of Orion180 Insurance Group stock. The stock was purchased at an average price of $10.72 per share, for a total transaction of $74,932.80.
• On Monday, September 21st, Craig Darling purchased 1,000 shares of Orion180 Insurance Group stock. The shares were purchased at an average cost of $11.62 per share, for a total transaction of $11,620.00.
• On Friday, September 18th, Craig Darling purchased 100 shares of Orion180 Insurance Group stock. The shares were purchased at an average price of $11.72 per share, with a total value of $1,172.00.

Orion180 Insurance Group Stock Performance

Shares of OIG opened at $9.26 on Wednesday. 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

OIG has been the topic of several analyst reports. Raymond James Financial initiated coverage on Orion180 Insurance Group in a report on Tuesday, October 13th. They set a “market perform” rating on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on Orion180 Insurance Group in a research report on Tuesday, October 13th. They set a “buy” rating and a $12.90 target price on the stock. Wall Street Zen raised Orion180 Insurance Group to a “hold” rating in a research note on Saturday, September 26th. Citigroup began coverage on shares of Orion180 Insurance Group in a report on Tuesday, October 13th. They issued a “market outperform” rating for the company. Finally, Royal Bank Of Canada initiated coverage on shares of Orion180 Insurance Group in a research report on Tuesday, October 13th. They set an “outperform” rating and a $15.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Orion180 Insurance Group presently has an average rating of “Moderate Buy” and an average price target of $14.98.

Orion180 Insurance Group News Summary

Here are the key news stories impacting Orion180 Insurance Group this week:

• Positive Sentiment: Major shareholder continues buying: Craig Darling acquired a combined 10,990 shares in several transactions at prices ranging from $8.92 to $11.72. Following the purchases, he owned approximately 5.7 million OIG shares. The buying may signal confidence in Orion180’s long-term prospects, though the additions represent only a small increase in his stake. Insider Craig Darling Purchases 1,000 Shares
• Positive Sentiment: Analyst sentiment remains constructive: Recent coverage includes Buy ratings from Deutsche Bank and Goldman Sachs, an Outperform rating from RBC, and Market Outperform ratings from Citigroup. The reported consensus target price of $14.98 is above recent trading levels, indicating potential upside if Orion180 executes on its growth strategy. Analyst ratings for Orion180
• Positive Sentiment: New headquarters opened: Orion180 inaugurated a 40,000-square-foot headquarters in Melbourne, Florida. The facility could support operational expansion and reinforce the company’s investment in its technology-driven homeowners and flood insurance platform, although the announcement does not provide new financial guidance. Orion180 Opens New Headquarters
• Neutral Sentiment: Short-interest data: Reported short interest was zero shares as of October 26, suggesting limited disclosed bearish positioning, but also leaving little potential for a short-squeeze catalyst.

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.