Strs Ohio Acquires 25,100 Shares of Ategrity Specialty $ASIC

Strs Ohio raised its holdings in shares of Ategrity Specialty (NYSE:ASIC) by 1,476.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,800 shares of the company’s stock after buying an additional 25,100 shares during the quarter. Strs Ohio’s holdings in Ategrity Specialty were worth $530,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in ASIC. Walleye Capital LLC boosted its position in shares of Ategrity Specialty by 290.0% during the 4th quarter. Walleye Capital LLC now owns 94,214 shares of the company’s stock valued at $1,979,000 after acquiring an additional 70,056 shares during the last quarter. Alyeska Investment Group L.P. increased its position in shares of Ategrity Specialty by 19.8% in the fourth quarter. Alyeska Investment Group L.P. now owns 71,903 shares of the company’s stock worth $1,511,000 after purchasing an additional 11,903 shares during the last quarter. State Street Corp increased its position in shares of Ategrity Specialty by 110.2% in the fourth quarter. State Street Corp now owns 92,891 shares of the company’s stock worth $1,952,000 after purchasing an additional 48,690 shares during the last quarter. Wells Fargo & Company MN raised its stake in Ategrity Specialty by 14.2% in the fourth quarter. Wells Fargo & Company MN now owns 27,029 shares of the company’s stock valued at $568,000 after purchasing an additional 3,363 shares in the last quarter. Finally, Jane Street Group LLC bought a new stake in Ategrity Specialty during the fourth quarter valued at approximately $798,000.

Ategrity Specialty Trading Up 0.9%

Shares of NYSE ASIC opened at $24.22 on Friday. The firm’s 50-day moving average price is $21.26. The stock has a market cap of $1.16 billion and a PE ratio of 13.02. Ategrity Specialty has a 1-year low of $16.35 and a 1-year high of $25.84.

Ategrity Specialty (NYSE:ASIC) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.11. The business had revenue of $128.96 million for the quarter. Ategrity Specialty had a net margin of 19.75% and a return on equity of 15.29%. As a group, sell-side analysts anticipate that Ategrity Specialty will post 1.98 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have commented on ASIC shares. Wells Fargo & Company boosted their price target on shares of Ategrity Specialty from $26.00 to $30.00 and gave the stock an “overweight” rating in a research note on Thursday. Zacks Research cut shares of Ategrity Specialty from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 19th. Barclays lifted their price objective on shares of Ategrity Specialty from $26.00 to $28.00 and gave the stock an “overweight” rating in a report on Tuesday. Weiss Ratings upgraded shares of Ategrity Specialty from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, June 18th. Finally, Wall Street Zen raised Ategrity Specialty from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $28.00.

Ategrity Specialty Company Profile

We are a profitable and growing specialty insurance company dedicated to providing excess and surplus (“E&S”) products to small to medium-sized businesses (“SMBs”) across the United States. We have built a proprietary underwriting platform that combines sophisticated data analytics with automated and streamlined processes to efficiently serve our clients and deliver long-term value to our stockholders. The SMB market is characterized by large volumes of small-sized policies, and we believe our competitive edge lies in our ability to offer consistent, high-speed, and low-touch interactions that our distribution partners value.