Forge Group, Inc. (FIGP)
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Forge Group, Inc. (FIGP) trades at $25.00. Forge Group, Inc. is a property and casualty insurance company focusing on commercial automobile insurance for public transportation vehicles. Market cap: $51.08M, Sector: Financial services.
Price live · AI analysis from Mar 18, 2026Analyst Coverage for FIGP: FIGP does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates FIGP against Financial Services peers across nine fundamental dimensions and assigns an underweight signal based on the underlying data.
FIGP: 1/1 perspectives are bearish.
How is this calculated? →Forge Group, Inc. (FIGP) Financial Services Profile
Forge Group, Inc., established in 1938, provides commercial auto insurance for public transportation and owns real estate. With a market capitalization of $51.08M and a P/E ratio of 23.0, Forge Group operates within the property and casualty insurance sector, serving a niche market of taxi and sedan services.
What Is the Investment Thesis for FIGP?
Forge Group, Inc. presents a focused investment profile within the property and casualty insurance sector. The company's niche specialization in commercial auto insurance for public transportation vehicles offers a degree of insulation from broader market volatility. With a P/E ratio of 23.0 and a profit margin of 8.4%, Forge Group demonstrates profitability. Growth catalysts include potential expansion within its niche market and optimization of its real estate holdings. However, investors may want to evaluate the risks associated with the OTC market, including liquidity and disclosure requirements. The company's small market capitalization of $51.08M and beta of -0.23 indicate lower volatility compared to the overall market.
Based on FMP financials and quantitative analysis
FIGP Key Highlights
- Market capitalization of $51.08M, reflecting its small size within the insurance industry.
- P/E ratio of 23.0, indicating its valuation relative to earnings.
- Profit margin of 8.4%, showing its profitability in the competitive insurance market.
- Gross margin of 100.0%, suggesting efficient management of insurance claims and expenses.
- Beta of -0.23, indicating a negative correlation with the market, potentially offering some downside protection.
Who Are FIGP's Competitors?
FIGP is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| ACMTA ACMAT Corporation | $18.29 | +0.00% | $14.10M | 55 |
| ALBY Community Capital Bancshares, Inc. | $32.33 | +0.00% | $41.14M | 51 |
| ANDC Andover Bancorp, Inc. | $20.10 | +0.00% | $40.04M | 49 |
| CZNL Citizens National Corporation | $84.98 | +0.00% | $83.02M | 55 |
| GBNY Generations Bancorp NY, Inc. | $15.20 | +0.53% | $34.63M | 43 |
| BZLYF Beazley plc | $17.30 | +0.00% | $10.23B | 70 |
| DIISY Direct Line Insurance Group plc | $18.00 | +15.16% | $5.85B | 66 |
| SKWD Skyward Specialty Insurance Group, Inc. | $59.63 | -2.91% | $2.42B | 64 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are FIGP's Key Strengths?
- Niche market focus on commercial transportation insurance.
- Long operating history and established presence.
- Diversified revenue streams with real estate holdings.
- High gross margin of 100.0%.
What Are FIGP's Weaknesses?
- Small market capitalization and limited resources.
- Dependence on a specific segment of the transportation industry.
- OTC market listing may limit investor access.
- Small number of employees (24).
What Could Drive FIGP Stock Higher?
- Potential expansion into new geographic markets within the next 2-3 years.
- Development and launch of new insurance products tailored to emerging transportation trends over the next 1-2 years.
- Optimization of real estate portfolio to generate additional revenue streams over the next 2-5 years.
- Implementation of technology solutions to streamline operations and improve customer service over the next 1-3 years.
What Are the Key Risks for FIGP?
- Financial-distress signal — its Altman Z-Score of 1.19 sits in the distress zone (elevated bankruptcy risk).
- Rich valuation — a P/E of 23.0 runs well above the Financial Services sector’s ~18x, leaving little room for a miss.
- Increased competition from larger insurance companies.
- Changes in regulations affecting the transportation industry.
- Economic downturn impacting demand for transportation services.
- Increased claims costs due to accidents or other events.
- Risks associated with OTC market listing, including limited liquidity and disclosure.
What Are the Growth Opportunities for FIGP?
- Expansion into New Geographic Markets: Forge Group could explore expanding its commercial auto insurance services to new geographic markets within the United States. Targeting cities with growing transportation-for-hire industries could significantly increase its customer base and revenue streams. This expansion could be achieved through strategic partnerships or acquisitions of smaller, regional insurance providers. The timeline for this expansion could be within the next 2-3 years, contingent on market research and regulatory approvals.
- Development of New Insurance Products: Forge Group can develop new insurance products tailored to emerging trends in the transportation industry, such as coverage for electric vehicles used for ride-sharing or specialized policies for autonomous vehicles. This diversification would allow the company to capture new market segments and reduce its reliance on traditional taxi and sedan services. The development and launch of these new products could be phased in over the next 1-2 years.
- Optimization of Real Estate Portfolio: Forge Group owns three commercial real estate properties in the District of Columbia. Optimizing the management and utilization of these properties could generate additional revenue streams. This could involve renovating the properties to attract higher-paying tenants or exploring opportunities for redevelopment. The timeline for optimizing the real estate portfolio could span 2-5 years, depending on the scope of the projects.
- Leveraging Technology for Enhanced Efficiency: Forge Group can invest in technology solutions to streamline its operations and improve customer service. This could include implementing a digital platform for policy management, claims processing, and customer communication. The adoption of data analytics could also help the company better assess risk and price its insurance policies more effectively. The implementation of these technological improvements could be rolled out over the next 1-3 years.
- Strategic Partnerships with Transportation Companies: Forge Group could form strategic partnerships with transportation companies, such as taxi fleets, ride-sharing platforms, or transportation network companies (TNCs). These partnerships could provide Forge Group with access to a larger customer base and allow it to offer bundled insurance and transportation services. The development of these partnerships could be pursued within the next 1-2 years.
What Opportunities Does FIGP Have?
- Expansion into new geographic markets.
- Development of new insurance products for emerging transportation technologies.
- Optimization of real estate portfolio for increased revenue.
- Leveraging technology to improve efficiency and customer service.
What Threats Does FIGP Face?
- Competition from larger insurance companies.
- Changes in regulations affecting the transportation industry.
- Economic downturn impacting demand for transportation services.
- Potential for increased claims costs due to accidents or other events.
What Are FIGP's Competitive Advantages?
- Specialized expertise in insuring commercial transportation vehicles.
- Long-standing presence in the market (founded in 1938).
- Ownership of commercial real estate properties provides a diversified revenue stream.
- Established relationships with transportation companies in its target market.
What Does FIGP Do?
Founded in 1938, Forge Group, Inc. has established itself as a niche player in the property and casualty insurance market. The company specializes in providing commercial automobile insurance policies, primarily catering to taxi cabs, sedans, and other public livery and light transportation vehicles for hire. This targeted approach allows Forge Group to focus on the specific needs and risk profiles of this sector. In addition to its insurance operations, Forge Group also owns and leases three commercial real estate properties located in the District of Columbia, diversifying its revenue streams. Headquartered in Chevy Chase, Maryland, Forge Group operates primarily within the United States. While the company maintains a relatively small team of 24 employees, its long-standing presence in the market reflects a stable and focused business model. Forge Group's strategy centers around serving a specific segment of the transportation industry, allowing it to develop specialized insurance products and services tailored to the unique demands of this market.
What Products and Services Does FIGP Offer?
- Provides commercial automobile property and casualty insurance policies.
- Focuses on insuring taxi cabs, sedans, and other public livery vehicles.
- Offers insurance coverage for light transportation vehicles for hire.
- Owns and leases three commercial real estate properties.
- Operates primarily in the United States.
- Specializes in a niche market within the transportation industry.
How Does FIGP Make Money?
- Generates revenue from premiums collected on commercial auto insurance policies.
- Earns income from leasing commercial real estate properties.
- Manages risk through underwriting and claims processing.
- Focuses on a specific niche market of public transportation vehicles.
What Industry Does FIGP Operate In?
Forge Group, Inc. operates within the property and casualty insurance industry, a sector characterized by intense competition and evolving regulatory landscapes. The industry is influenced by factors such as interest rates, economic growth, and claims trends. Forge Group's focus on commercial auto insurance for public transportation vehicles positions it within a niche segment of this broader market. The rise of ride-sharing services and the increasing adoption of electric vehicles present both challenges and opportunities for Forge Group. Competitors like ACMTA, ALBY, ANDC, CZNL, and GBNY also operate in the insurance sector.
Who Are FIGP's Key Customers?
- Taxi cab companies and drivers.
- Sedan service providers.
- Other public livery vehicle operators.
- Tenants of its commercial real estate properties.
Company Profile
Forge Group, Inc. operates in the Insurance - Property & Casualty industry within the Financial Services sector. It is headquartered in Chevy Chase, US. The company is led by CEO Patrick Joseph Bracewell. FIGP has traded publicly since 2022.
How Forge Group, Inc. Is Valued
Forge Group, Inc. carries a market capitalization of $51.08M, placing it in the micro-cap category.
ROE 5%Key Financial Metrics
Return on equity for Forge Group, Inc. stands at 4.8%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 2.1%, showing how much profit it generates from its asset base. FIGP trades at a trailing price-to-earnings ratio of 22.97, above the Financial Services sector average of ~18x. Its free cash flow yield is 0.0%, a gauge of the cash the business throws off relative to its market value. A current ratio of 0.00 means current liabilities exceed short-term assets, a liquidity point worth watching. Its earnings yield is 4.4%, the inverse of the P/E and a quick read on earnings relative to price.
F-Score 4/9Financial Health
Forge Group, Inc.'s Piotroski F-Score is 4/9, a 9-point checklist of profitability, leverage and efficiency — a middling fundamental profile. Its Altman Z-Score of 1.19 places it in the distress zone, a signal of elevated financial risk.
FIGP Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2024
Bull Case vs Bear Case
Bull Case
- Niche market focus on commercial transportation insurance.
- Long operating history and established presence.
- Diversified revenue streams with real estate holdings.
- High gross margin of 100.0%.
Bear Case
- Small market capitalization and limited resources.
- Dependence on a specific segment of the transportation industry.
- OTC market listing may limit investor access.
- Small number of employees (24).
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · July 2026
FIGP Latest News
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Market One: Forge Resources Advances Its Dual-Asset Coal and Gold-Copper Strategy
newsfilecorp.com · Jun 25, 2026
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Forge Nano Forms Landmark Strategic Partnership with Samsung SDI to Enable U.S. Production of Advanced Battery Cells
globenewswire.com · Jun 25, 2026
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Market One: Forge Resources Corp. Advances Its Alotta Gold-Copper Project in the Yukon
newsfilecorp.com · Jun 17, 2026
-
Forge Nano Secures Semiconductor Wafer Fab Equipment Order from Leading Photonics Technology Company for Commercial Integrated Photonics Manufacturing
globenewswire.com · Jun 11, 2026
FIGP Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for FIGP.
Price Targets
Wall Street price target analysis for FIGP.
FIGP MoonshotScore
What does this score mean?
The MoonshotScore rates FIGP's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Latest News
Market One: Forge Resources Advances Its Dual-Asset Coal and Gold-Copper Strategy
Forge Nano Forms Landmark Strategic Partnership with Samsung SDI to Enable U.S. Production of Advanced Battery Cells
Market One: Forge Resources Corp. Advances Its Alotta Gold-Copper Project in the Yukon
Forge Nano Secures Semiconductor Wafer Fab Equipment Order from Leading Photonics Technology Company for Commercial Integrated Photonics Manufacturing
Leadership: Patrick Joseph Bracewell
CEO
Patrick Joseph Bracewell serves as the CEO of Forge Group, Inc. He is responsible for overseeing the company's strategic direction and day-to-day operations. His background includes experience in the insurance and real estate industries. He manages a team of 24 employees. Further details on his career history and education are not available.
Track Record: Information regarding Patrick Joseph Bracewell's specific achievements and strategic decisions as CEO of Forge Group, Inc. is not available. The company's performance under his leadership can be assessed through its financial results and market position.
FIGP OTC Market Information
The OTC Other tier represents the lowest tier of the OTC market, indicating that Forge Group, Inc. may not meet the listing requirements of higher tiers like OTCQX or OTCQB. Companies in this tier often have limited financial disclosure and may not be subject to the same regulatory oversight as companies listed on major exchanges like the NYSE or NASDAQ. This tier is typically associated with higher risk and requires increased due diligence from investors. Companies in this tier may not be current in their reporting requirements.
- OTC Tier: OTC Other
- Disclosure Status: Unknown
- Limited financial disclosure and regulatory oversight.
- Low trading volume and liquidity.
- Potential for price manipulation and fraud.
- Higher risk of financial distress or bankruptcy.
- Lack of analyst coverage and institutional interest.
- Verify the company's legal status and registration.
- Review available financial statements and disclosures.
- Assess the company's business model and competitive landscape.
- Evaluate the management team and their track record.
- Understand the risks associated with the OTC market.
- Consult with a financial advisor before investing.
- Check for any regulatory actions or legal disputes.
- Long operating history (founded in 1938).
- Established presence in the commercial transportation insurance market.
- Ownership of commercial real estate properties.
- Positive profit margin of 8.4%.
FIGP Financial Services Stock FAQ
What does Forge Group, Inc. do?
Forge Group, Inc. operates as a property and casualty insurance company, specializing in commercial automobile insurance for taxi cabs, sedans, and other public livery and light transportation vehicles for hire. The company focuses on providing insurance policies tailored to the specific needs of the transportation-for-hire industry. Additionally, Forge Group owns and leases three commercial real estate properties located in the District of Columbia, diversifying its revenue streams beyond insurance premiums. This niche focus allows Forge Group to cater to a specific market segment within the broader insurance landscape.
What do analysts say about FIGP stock?
As of 2026-03-18, there is no readily available analyst coverage for Forge Group, Inc. (FIGP). The company's small market capitalization and OTC listing may limit analyst interest. Investors should conduct their own due diligence and consider the company's financial performance, market position, and growth opportunities. Key valuation metrics include a P/E ratio of 23.0 and a profit margin of 8.4%. Growth considerations include potential expansion into new markets and the development of new insurance products.
What are the main risks for FIGP?
Forge Group, Inc. faces several risks, including competition from larger insurance companies, changes in regulations affecting the transportation industry, and economic downturns impacting demand for transportation services. The company's reliance on a specific niche market (commercial transportation) makes it vulnerable to disruptions in that sector. As an OTC-listed company, FIGP also faces risks related to limited liquidity, disclosure requirements, and potential price volatility. Investors should carefully consider these risks before investing in FIGP.
What are the key factors to evaluate for FIGP?
Evaluate FIGP on fundamentals, analyst consensus, and risk factors. P/E: 23.0x vs the S&P 500's ~20-25x. Not financial advice.
How frequently does FIGP data refresh on this page?
FIGP prices update in real time during U.S. market hours. Fundamentals refresh after quarterly filings; analyst ratings and AI insights update daily; news is aggregated continuously.
What has driven FIGP's recent stock price performance?
Forge Group, Inc. (FIGP) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Niche market focus on commercial transportation insurance. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider FIGP overvalued or undervalued right now?
Forge Group, Inc. (FIGP) trades at 23.0x earnings. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
What research should beginners do before buying FIGP?
Before investing in Forge Group, Inc. (FIGP), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) what Wall Street analysts recommend and their price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Information on CEO track record is limited.
- Analyst coverage is not available.