Orion180 Insurance Group (NASDAQ:OIG) Coverage Initiated by Analysts at The Goldman Sachs Group

Stock analysts at The Goldman Sachs Group assumed coverage on shares of Orion180 Insurance Group (NASDAQ:OIG) in a research report issued on Tuesday, Marketbeat.com reports. The brokerage set a “buy” rating and a $13.00 price target on the stock. The Goldman Sachs Group’s price objective would suggest a potential upside of 43.49% from the company’s current price.

Several other research firms also recently issued reports on OIG. Raymond James Financial initiated coverage on shares of Orion180 Insurance Group in a report on Tuesday. They set a “market perform” rating on the stock. Deutsche Bank Aktiengesellschaft started coverage on shares of Orion180 Insurance Group in a research note on Tuesday. They issued a “buy” rating and a $12.90 target price for the company. Citigroup initiated coverage on shares of Orion180 Insurance Group in a research report on Tuesday. They set a “market outperform” rating on the stock. Wall Street Zen upgraded shares of Orion180 Insurance Group to a “hold” rating in a research note on Saturday, September 26th. Finally, Royal Bank Of Canada began coverage on shares of Orion180 Insurance Group in a research note on Tuesday. They set an “outperform” rating and a $15.00 price target on the stock. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $14.98.

Orion180 Insurance Group Stock Performance

OIG opened at $9.06 on Tuesday. Orion180 Insurance Group has a 52 week low of $7.78 and a 52 week high of $12.06.

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.