Symbols / OSG Stock $4.38 -1.13% Octave Specialty Group, Inc.

Financial Services • Insurance - Specialty • United States • NYQ
OSG (Stock) Chart
O: — H: — L: — C: — V: —
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Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Financial Services
Industry Insurance - Specialty
CEO Mr. Claude LeBlanc CPA
Exch · Country NYQ · United States
Market Cap 197.16M
Enterprise Value 520.55M
Income -116.58M
Sales 251.22M
FCF (ttm) 333.25M
Book/sh 15.90
Cash/sh 3.87
Employees 483
Insider 10d —
IPO May 01, 2013
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 0.00%
P/E —
Forward P/E 6.04
PEG —
P/S 0.78
P/B 0.28
P/C —
EV/EBITDA -35.28
EV/Sales 2.07
Quick Ratio 0.43
Current Ratio 1.00
Debt/Eq 11.73
LT Debt/Eq —
EPS (ttm) -2.47
EPS next Y 0.72
EPS Growth —
Revenue Growth -4.60%
EPS Gr Q/Q —
Rev Gr Q/Q —
Earnings (next) 2026-05-06
Earnings (prior) 2026-02-23
ROA -0.69%
ROE -8.40%
ROIC —
Gross Margin 60.19%
Oper. Margin -28.57%
Profit Margin -104.17%
Shs Outstand 45.01M
Shs Float 39.89M
Insider Own 7.84%
Instit Own 78.50%
Short Float 3.20%
Short Ratio 2.06
Short Interest 1.34M
52W High 10.38
vs 52W High -57.80%
52W Low 3.88
vs 52W Low 12.89%
Beta 0.88
Impl. Vol. 0.55%
Rel Volume 0.56
Avg Volume 561.90K
Volume 314.18K
Target (mean) $15.33
Tgt Median $15.00
Tgt Low $12.00
Tgt High $19.00
# Analysts 3
Recom None
Prev Close $4.43
Price $4.38
Change -1.13%
About

Octave Specialty Group, Inc., an insurance holding company, primarily engages in the specialty property and casualty insurance business in the United States and the United Kingdom. It operates in two segments, Specialty Property and Casualty Insurance; and Insurance Distribution. The Specialty Property and Casualty Insurance segment provides specialty property and casualty program insurance with a focus on commercial and personal liability risks. The Insurance Distribution segment offers property, niche specialty risk, accident and health, miscellaneous specialty, reinsurance, surety, marine and energy, specialty auto, excess and surplus lines commercial package, professional lines, and directors' and officers' insurance. The company was formerly known as Ambac Financial Group, Inc. and changed its name to Octave Specialty Group, Inc. in November 2025. The company was incorporated in 1991 and is headquartered in New York, New York.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$15.33
Mean price target
2. Current target
$4.38
Latest analyst target
3. DCF / Fair value
$133.26
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$4.38
Low
$12.00
High
$19.00
Mean
$15.33

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2025-11-12 main Truist Securities Buy → Buy $15
2025-07-15 init Truist Securities — → Buy $10
2014-05-06 down Imperial Capital Outperform → In-Line —
2014-04-01 up Imperial Capital Underperform → Outperform $7
2012-11-07 main Barclays — → Underweight $2
2012-10-23 down Credit Suisse Outperform → Neutral $1
2012-10-23 main Jefferies — → Hold $1
2012-10-22 main Jefferies — → Hold $1
2012-10-22 down Dahlman Rose Hold → Sell $1
2012-10-22 down Clarkson Capital Markets Outperform → Market Perform —
2012-10-22 main Deutsche Bank — → Hold —
2012-10-22 main Jefferies — → Hold $3
2012-09-13 init Global Hunter Securities — → Neutral —
2012-08-02 main Deutsche Bank — → Hold $6
2012-08-02 main Jefferies — → Hold $6
2012-07-24 main Jefferies — → Hold $7
News
RSS: Latest OSG news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-03-10 AHN CRISTINA E. Officer — 835 — —
2026-03-03 LEBLANC CLAUDE L. Chief Executive Officer — 24,548 — —
2026-03-03 TRICK DAVID Chief Financial Officer — 1,715 — —
2026-03-03 SMITH R. SHARON Chief Operating Officer — 1,541 — —
2026-01-02 LEBLANC CLAUDE L. Chief Executive Officer — 12,000 $7.59 $91,080
2025-11-12 SMITH R. SHARON Officer — 20 $10.25 $205
2025-10-01 LEBLANC CLAUDE L. Chief Executive Officer — 25,000 $8.54 $213,500
2025-09-30 LEBLANC CLAUDE L. Chief Executive Officer — 854,708 — —
2025-09-30 TRICK DAVID Chief Financial Officer — 207,876 — —
2025-09-30 TRICK DAVID Chief Financial Officer — 207,876 — —
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
248.64
+5.66%
235.32
+88.64%
124.75
+132.68%
53.61
Operating Revenue
248.64
+5.66%
235.32
+88.64%
124.75
+132.68%
53.61
Selling General And Administration
191.62
+48.35%
129.17
+92.83%
66.98
+19.03%
56.28
General And Administrative Expense
191.62
+48.35%
129.17
+92.83%
66.98
+19.03%
56.28
Salaries And Wages
—
—
—
—
Other Gand A
191.62
+48.35%
129.17
+92.83%
66.98
+19.03%
56.28
Other Operating Expenses
—
—
—
—
Total Expenses
352.24
+19.14%
295.66
+98.50%
148.95
+66.76%
89.32
Reconciled Depreciation
41.95
+110.32%
19.95
+281.40%
5.23
+37.89%
3.79
EBIT
-82.37
-63.23%
-50.47
-108.36%
-24.22
+32.17%
-35.71
Total Unusual Items
—
—
0.00
-100.00%
81.00
Total Unusual Items Excluding Goodwill
—
—
0.00
-100.00%
81.00
Special Income Charges
—
—
0.00
-100.00%
81.00
Other Special Charges
—
—
—
-81.00
Net Income
-261.69
+52.97%
-556.45
-15420.73%
3.63
-99.30%
521.25
Pretax Income
-101.01
-68.79%
-59.84
-147.08%
-24.22
+32.17%
-35.71
Net Non Operating Interest Income Expense
-18.64
-98.74%
-9.38
0.00
0.00
Interest Expense Non Operating
18.64
+98.74%
9.38
0.00
0.00
Net Interest Income
-18.64
-98.74%
-9.38
0.00
0.00
Interest Expense
18.64
+98.74%
9.38
0.00
0.00
Other Income Expense
—
13.31
-4.90%
14.00
+2326.34%
0.58
Tax Provision
-5.21
-463.96%
-0.92
+6.57%
-0.99
-114.07%
-0.46
Tax Rate For Calcs
0.00
+236.79%
0.00
-62.19%
0.00
+215.57%
0.00
Tax Effect Of Unusual Items
0.00
0.00
0.00
0.00
Net Income Including Noncontrolling Interests
-259.09
+53.41%
-556.09
-11331.83%
4.95
-99.05%
522.12
Net Income From Continuing Operation Net Minority Interest
-98.40
-65.99%
-59.28
-141.46%
-24.55
+32.02%
-36.12
Net Income From Continuing And Discontinued Operation
-261.69
+52.97%
-556.45
-15420.73%
3.63
-99.30%
521.25
Net Income Continuous Operations
-95.80
-62.60%
-58.92
-153.62%
-23.23
+34.08%
-35.24
Net Income Discontinuous Operations
-163.29
+67.16%
-497.17
-1864.07%
28.18
-94.94%
557.36
Minority Interests
-2.60
-620.50%
-0.36
+72.63%
-1.32
-51.44%
-0.87
Normalized Income
-98.40
-65.99%
-59.28
-141.46%
-24.55
+32.02%
-36.12
Net Income Common Stockholders
-261.69
+52.97%
-556.45
-15420.73%
3.63
-99.30%
522.38
Otherunder Preferred Stock Dividend
—
—
—
-1.13
Diluted EPS
—
-11.96
-6744.44%
0.18
-98.41%
11.31
Basic EPS
—
-11.96
-6744.44%
0.18
-98.43%
11.48
Basic Average Shares
—
46.97
+2.92%
45.64
-0.18%
45.72
Diluted Average Shares
—
46.97
+2.92%
45.64
-1.68%
46.41
Diluted NI Availto Com Stockholders
-261.69
+52.97%
-556.45
-15420.73%
3.63
-99.30%
522.38
Amortization
41.95
+110.32%
19.95
+281.40%
5.23
+79.05%
2.92
Depreciation And Amortization In Income Statement
41.95
+110.32%
19.95
+281.40%
5.23
+37.89%
3.79
Depreciation Income Statement
—
2.35
+117.53%
1.08
+23.62%
0.87
Loss Adjustment Expense
47.19
-35.02%
72.63
+97.83%
36.71
+304.72%
9.07
Net Policyholder Benefits And Claims
47.19
-35.02%
72.63
+97.83%
36.71
+304.72%
9.07
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
2,223.32
-72.41%
8,058.38
-4.39%
8,428.32
+5.71%
7,973.00
Cash Cash Equivalents And Short Term Investments
337.18
+1.59%
331.90
-6.50%
354.96
-82.36%
2,012.00
Cash And Cash Equivalents
68.44
+44.77%
47.27
+145.93%
19.22
+37.31%
14.00
Other Short Term Investments
268.74
-5.58%
284.62
-15.22%
335.73
-83.20%
1,998.00
Receivables
597.73
+42.73%
418.79
+90.09%
220.31
-66.37%
655.00
Accounts Receivable
511.18
+40.66%
363.41
+72.32%
210.89
-67.80%
655.00
Other Receivables
86.55
+56.29%
55.38
+487.93%
9.42
—
Prepaid Assets
146.37
-1.30%
148.30
+34.32%
110.41
-10.96%
124.00
Goodwill And Other Intangible Assets
1,015.34
+33.07%
763.01
+482.02%
131.10
-66.12%
387.00
Goodwill
540.35
+29.20%
418.23
+500.10%
69.69
+14.25%
61.00
Other Intangible Assets
475.00
+37.77%
344.77
+461.50%
61.40
-81.16%
326.00
Investments And Advances
268.74
-5.58%
284.62
-15.22%
335.73
-91.45%
3,928.00
Total Liabilities Net Minority Interest
1,137.15
-83.43%
6,862.86
-1.91%
6,996.63
+5.24%
6,648.00
Payables And Accrued Expenses
197.46
+55.49%
126.99
+246.99%
36.60
-92.15%
466.00
Payables
196.12
+57.61%
124.43
+240.00%
36.60
-6.16%
39.00
Accounts Payable
80.56
+52.00%
53.00
+78.66%
29.67
-23.93%
39.00
Other Payable
115.56
+61.77%
71.43
+930.45%
6.93
—
Current Accrued Expenses
1.34
-47.54%
2.56
0.00
-100.00%
427.00
Current Debt And Capital Lease Obligation
0.00
-100.00%
150.00
0.00
—
Current Debt
0.00
-100.00%
150.00
0.00
—
Long Term Debt And Capital Lease Obligation
117.56
—
3,475.00
-7.23%
3,746.00
Long Term Debt
117.56
—
3,475.00
-7.23%
3,746.00
Non Current Deferred Liabilities
65.22
-7.01%
70.14
+1068.92%
6.00
+20.00%
5.00
Non Current Deferred Revenue
—
—
6.00
+20.00%
5.00
Non Current Deferred Taxes Liabilities
65.22
-7.01%
70.14
—
—
Stockholders Equity
715.79
-10.34%
798.36
-41.37%
1,361.66
+8.76%
1,252.00
Common Stock Equity
715.79
-10.34%
798.36
-41.37%
1,361.66
+8.76%
1,252.00
Capital Stock
0.49
+0.00%
0.49
+4.71%
0.47
0.00
Common Stock
0.49
+0.00%
0.49
+4.71%
0.47
0.00
Preferred Stock
0.00
0.00
0.00
0.00
Share Issued
48.88
+0.00%
48.88
+4.75%
46.66
+0.00%
46.66
Ordinary Shares Number
45.01
-3.23%
46.51
+2.90%
45.20
+0.49%
44.97
Treasury Shares Number
3.87
+63.48%
2.37
+61.79%
1.46
-13.14%
1.69
Additional Paid In Capital
369.86
+11.74%
331.01
+13.45%
291.76
+6.48%
274.00
Retained Earnings
370.43
-45.82%
683.64
-45.14%
1,246.05
+0.08%
1,245.00
Gains Losses Not Affecting Retained Earnings
8.48
+104.50%
-188.44
-17.74%
-160.05
+36.74%
-253.00
Treasury Stock
33.47
+18.12%
28.34
+70.99%
16.57
+10.49%
15.00
Minority Interest
370.38
-6.74%
397.16
+467.07%
70.04
-4.06%
73.00
Other Equity Adjustments
8.48
+104.50%
-188.44
-17.74%
-160.05
+36.74%
-253.00
Total Equity Gross Minority Interest
1,086.17
-9.15%
1,195.52
-16.50%
1,431.69
+8.05%
1,325.00
Total Capitalization
833.35
+4.38%
798.36
-41.37%
1,361.66
-72.76%
4,998.00
Invested Capital
833.35
-12.13%
948.36
-30.35%
1,361.66
-72.76%
4,998.00
Total Debt
117.56
-21.63%
150.00
0.00
-100.00%
3,746.00
Net Debt
49.12
-52.18%
102.72
-97.03%
3,463.00
-7.21%
3,732.00
Net Tangible Assets
-299.55
-947.27%
35.35
-97.13%
1,230.56
+42.26%
865.00
Tangible Book Value
-299.55
-947.27%
35.35
-97.13%
1,230.56
+42.26%
865.00
Derivative Product Liabilities
—
—
1,197.00
+14.22%
1,048.00
Interest Payable
1.34
-47.54%
2.56
0.00
-100.00%
427.00
Line Of Credit
0.00
-100.00%
150.00
0.00
—
Other Equity Interest
—
—
1.00
+0.00%
1.00
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
-52.28
-6961.29%
0.76
-97.94%
36.95
-47.49%
70.37
Cash Flow From Continuing Operating Activities
-52.28
-6961.29%
0.76
-97.94%
36.95
-47.49%
70.37
Net Income From Continuing Operations
-95.80
-62.60%
-58.92
-153.62%
-23.23
+34.08%
-35.24
Depreciation
—
2.35
+17.25%
2.00
+129.36%
0.87
Amortization Cash Flow
41.95
+110.32%
19.95
+281.40%
5.23
+79.05%
2.92
Depreciation And Amortization
41.95
+110.32%
19.95
+281.40%
5.23
+37.89%
3.79
Amortization Of Intangibles
41.95
+110.32%
19.95
+281.40%
5.23
+79.05%
2.92
Other Non Cash Items
-4.56
-121.62%
21.08
+82.67%
11.54
-79.92%
57.45
Stock Based Compensation
—
—
12.27
+9.22%
11.23
Deferred Tax
—
—
—
—
Deferred Income Tax
—
—
—
—
Operating Gains Losses
—
0.50
-97.93%
24.00
+75.05%
13.71
Gain Loss On Investment Securities
—
0.50
-97.52%
20.00
+45.88%
13.71
Net Foreign Currency Exchange Gain Loss
—
—
4.00
+128.57%
-14.00
Change In Working Capital
-3.58
-138.50%
9.30
-70.13%
31.15
+19.01%
26.17
Change In Receivables
-49.58
-337.62%
-11.33
+62.52%
-30.23
-124.25%
-13.48
Changes In Account Receivables
-49.58
-337.62%
-11.33
+62.52%
-30.23
-124.25%
-13.48
Change In Prepaid Assets
27.56
+18.09%
23.34
+140.07%
9.72
-43.04%
17.07
Change In Payables And Accrued Expense
30.74
+1072.88%
-3.16
0.00
0.00
Change In Accrued Expense
—
2.56
+356.00%
-1.00
0.00
Change In Payable
30.74
+1072.88%
-3.16
-106.08%
52.00
+766.67%
6.00
Change In Account Payable
30.74
+1072.88%
-3.16
0.00
-100.00%
6.00
Change In Other Working Capital
—
—
—
-44.00
Investing Cash Flow
199.94
+220.17%
-166.37
-523.60%
-26.68
+35.19%
-41.16
Cash Flow From Continuing Investing Activities
199.94
+220.17%
-166.37
-523.60%
-26.68
+35.19%
-41.16
Net Investment Purchase And Sale
20.63
-69.23%
67.04
+550.75%
-14.87
+40.63%
-25.05
Purchase Of Investment
-44.40
+29.52%
-62.99
-77.52%
-35.48
+63.29%
-96.66
Sale Of Investment
65.02
-49.99%
130.03
+530.81%
20.61
-71.22%
71.61
Net Business Purchase And Sale
189.36
+182.45%
-229.66
-3202.99%
-6.95
+62.30%
-18.44
Purchase Of Business
-217.94
+10.60%
-243.78
-3406.05%
-6.95
+62.30%
-18.44
Net Other Investing Changes
-10.05
-168.08%
-3.75
+22.74%
-4.85
-308.42%
2.33
Financing Cash Flow
-126.30
-165.03%
194.22
+1867.88%
-10.99
+42.89%
-19.23
Cash Flow From Continuing Financing Activities
-126.30
-165.03%
194.22
+1867.88%
-10.99
+42.89%
-19.23
Net Issuance Payments Of Debt
-32.53
-122.13%
147.00
0.00
0.00
Issuance Of Debt
117.47
-20.09%
147.00
0.00
0.00
Repayment Of Debt
-150.00
0.00
0.00
+100.00%
-1,544.00
Long Term Debt Issuance
117.47
0.00
0.00
0.00
Long Term Debt Payments
—
—
-97.00
+93.72%
-1,544.00
Net Long Term Debt Issuance
117.47
—
-97.00
+93.72%
-1,544.00
Short Term Debt Issuance
0.00
-100.00%
147.00
0.00
0.00
Short Term Debt Payments
-150.00
0.00
0.00
—
Net Short Term Debt Issuance
-150.00
-202.04%
147.00
0.00
0.00
Net Common Stock Issuance
-29.94
-155.96%
-11.70
-159.38%
-4.51
+68.28%
-14.22
Common Stock Payments
-29.94
-155.96%
-11.70
-159.38%
-4.51
+68.28%
-14.22
Repurchase Of Capital Stock
-29.94
-155.96%
-11.70
-159.38%
-4.51
+68.28%
-14.22
Proceeds From Stock Option Exercised
17.00
0.00
0.00
—
Net Other Financing Charges
-80.83
-237.19%
58.92
+1009.77%
-6.48
-29.06%
-5.02
Changes In Cash
21.36
-25.36%
28.61
+4090.24%
-0.72
-107.19%
9.97
Effect Of Exchange Rate Changes
1.46
+361.65%
-0.56
0.00
0.00
Beginning Cash Position
47.27
+145.93%
19.22
-3.60%
19.94
+100.02%
9.97
End Cash Position
70.09
+48.26%
47.27
+145.93%
19.22
-3.60%
19.94
Free Cash Flow
-52.28
-6961.29%
0.76
-97.94%
36.95
-47.49%
70.37
Interest Paid Supplemental Data
—
3.82
-92.36%
50.00
0.00
Income Tax Paid Supplemental Data
—
0.53
-95.22%
11.00
+3070.03%
0.35
Amortization Of Securities
—
-0.30
+98.03%
-15.00
-122.49%
-6.74
Change In Interest Payable
—
2.56
+356.00%
-1.00
0.00
Issuance Of Capital Stock
—
—
—
—
Net Preferred Stock Issuance
—
—
0.00
+100.00%
-8.00
Preferred Stock Issuance
—
—
—
—
Preferred Stock Payments
—
—
0.00
+100.00%
-8.00
Sale Of Business
407.30
+2784.77%
14.12
0.00
0.00
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Trades
Date User Broker Pattern Type Position Size Entry Price Trade P&L Status
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