Octave Specialty Group, Inc. (OSG) – What Are Analysts Thinking About This Stock?

Octave Specialty Group, Inc. (NYSE:OSG) has earned an average rating of “Hold” from the five ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $11.50.

Several equities research analysts recently weighed in on the stock. Keefe, Bruyette & Woods assumed coverage on shares of Octave Specialty Group in a research report on Friday, August 28th. They set an “outperform” rating and a $8.00 price target for the company. Zacks Research lowered shares of Octave Specialty Group from a “hold” rating to a “strong sell” rating in a report on Monday, October 5th. Finally, Weiss Ratings raised Octave Specialty Group from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday.

Institutional Trading of Octave Specialty Group

Several hedge funds have recently modified their holdings of the business. RIHO Partners LLC acquired a new stake in Octave Specialty Group in the 1st quarter valued at $2,542,000. Renaissance Technologies LLC lifted its stake in Octave Specialty Group by 805.2% in the first quarter. Renaissance Technologies LLC now owns 227,726 shares of the company’s stock valued at $1,059,000 after purchasing an additional 202,568 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in shares of Octave Specialty Group in the second quarter valued at approximately $842,000. Lone Peak Global Investors LLC purchased a new stake in Octave Specialty Group in the 2nd quarter worth approximately $672,000. Finally, Hsbc Holdings PLC purchased a new position in Octave Specialty Group in the fourth quarter worth $713,000. 80.92% of the stock is owned by institutional investors and hedge funds.

Octave Specialty Group Stock Performance

OSG stock opened at $4.75 on Friday. The firm has a market cap of $213.76 million, a PE ratio of -1.30 and a beta of 0.87. Octave Specialty Group has a 12-month low of $3.88 and a 12-month high of $10.38. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.19. The business has a 50 day moving average of $4.59 and a 200-day moving average of $5.14.

Octave Specialty Group (NYSE:OSG) last released its quarterly earnings data on Thursday, August 6th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.03). The company had revenue of $83.00 million for the quarter, compared to the consensus estimate of $22.79 million. Octave Specialty Group had a negative net margin of 51.10% and a positive return on equity of 0.44%. As a group, sell-side analysts expect that Octave Specialty Group will post 0.19 earnings per share for the current year.

Octave Specialty Group Company Profile

Octave Specialty Group Inc is a specialty insurance company that provides underwriting solutions for complex, specialized and difficult-to-place risks. The company operates through specialty insurance platforms designed to serve customers and distribution partners seeking coverage outside standard commercial insurance markets.

Its business activities include the development, underwriting and management of specialty insurance products across selected lines of business. Octave’s offerings are intended for niche risks that may require specialized expertise, tailored policy structures and disciplined risk selection.

The company serves the specialty insurance market through relationships with brokers, agents and other distribution partners.