Octave Specialty Group (OSG) Receives a Rating Update from a Top Analyst
In a report released today, Mark Hughes from Truist Financial maintained a Buy rating on Octave Specialty Group, with a price target of $15.00.
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Hughes covers the Financial sector, focusing on stocks such as Arthur J Gallagher & Co, Octave Specialty Group, and Palomar Holdings. According to TipRanks, Hughes has an average return of 16.8% and a 71.54% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Octave Specialty Group with a $15.00 average price target.
Based on Octave Specialty Group’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $66.61 million and a GAAP net loss of $112.62 million. In comparison, last year the company earned a revenue of $70.01 million and had a GAAP net loss of $27.5 million
Based on the recent corporate insider activity of 42 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of OSG in relation to earlier this year. Last month, R Sharon Smith, the Exec VP & Group COO of OSG bought 20.00 shares for a total of $205.00.
