Orion180 Insurance Group (NASDAQ:OIG) Shares Down 4.7% – Time to Sell?

Shares of Orion180 Insurance Group Inc. (NASDAQ:OIG – Get Free Report) traded down 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.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Raymond James Financial started coverage on Orion180 Insurance Group in a report on Tuesday, October 13th. They issued a “market perform” rating on the stock. Royal Bank Of Canada began coverage on shares of Orion180 Insurance Group in a report on Tuesday, October 13th. They issued an “outperform” rating and a $15.00 target price on the stock. Wall Street Zen upgraded shares of Orion180 Insurance Group to a “hold” rating in a research note on Saturday, September 26th. Citigroup initiated coverage on shares of Orion180 Insurance Group in a research note on Tuesday, October 13th. They set a “market outperform” rating on the stock. Finally, UBS Group assumed coverage on shares of Orion180 Insurance Group in a report on Tuesday, October 13th. They issued a “buy” rating and a $14.00 target price for the company. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $14.98.

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Orion180 Insurance Group Stock Performance

About Orion180 Insurance Group

(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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