Ategrity Specialty (NYSE:ASIC) Price Target Lowered to $26.00 at Wells Fargo & Company

Ategrity Specialty (NYSE:ASIC) had its price target decreased by Wells Fargo & Company from $27.00 to $26.00 in a research report report published on Thursday morning,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the stock.

Several other brokerages have also recently commented on ASIC. Citigroup cut shares of Ategrity Specialty from a “buy” rating to a “neutral” rating and set a $27.00 target price for the company. in a report on Thursday, February 26th. JPMorgan Chase & Co. raised their target price on shares of Ategrity Specialty from $25.00 to $27.00 and gave the stock an “overweight” rating in a report on Tuesday, February 24th. Barclays raised their target price on shares of Ategrity Specialty from $25.00 to $26.00 and gave the stock an “overweight” rating in a report on Friday, February 20th. Finally, Weiss Ratings upgraded shares of Ategrity Specialty from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, March 9th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Ategrity Specialty currently has an average rating of “Moderate Buy” and a consensus target price of $26.50.

Ategrity Specialty Stock Performance

Shares of ASIC opened at $18.98 on Thursday. Ategrity Specialty has a one year low of $16.35 and a one year high of $25.30. The stock has a 50-day moving average price of $20.56. The firm has a market capitalization of $912.18 million and a PE ratio of 10.20.

Ategrity Specialty (NYSE:ASIC) last announced its earnings results on Wednesday, April 29th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.40 by $0.11. Ategrity Specialty had a net margin of 19.75% and a return on equity of 15.58%. The company had revenue of $128.96 million during the quarter. On average, sell-side analysts forecast that Ategrity Specialty will post 1.81 EPS for the current year.

Institutional Trading of Ategrity Specialty

A number of hedge funds have recently made changes to their positions in the stock. Kornitzer Capital Management Inc. KS lifted its position in shares of Ategrity Specialty by 8.5% in the first quarter. Kornitzer Capital Management Inc. KS now owns 54,482 shares of the company’s stock worth $1,077,000 after purchasing an additional 4,269 shares in the last quarter. Strs Ohio lifted its position in shares of Ategrity Specialty by 1,476.5% in the first quarter. Strs Ohio now owns 26,800 shares of the company’s stock worth $530,000 after purchasing an additional 25,100 shares in the last quarter. VARCOV Co. purchased a new stake in shares of Ategrity Specialty in the fourth quarter worth approximately $257,000. Millennium Management LLC lifted its position in shares of Ategrity Specialty by 312.6% in the fourth quarter. Millennium Management LLC now owns 207,167 shares of the company’s stock worth $4,353,000 after purchasing an additional 156,952 shares in the last quarter. Finally, Balyasny Asset Management L.P. lifted its position in shares of Ategrity Specialty by 298.1% in the fourth quarter. Balyasny Asset Management L.P. now owns 170,734 shares of the company’s stock worth $3,587,000 after purchasing an additional 127,849 shares in the last quarter.

Key Ategrity Specialty News

Here are the key news stories impacting Ategrity Specialty this week:

• Positive Sentiment: Q1 results beat expectations — reported $0.51 EPS vs. $0.40 consensus, net income of $25.5M and revenue of $128.96M, with improved margins and ROE, demonstrating stronger profitability this quarter. Ategrity Specialty Reports First Quarter 2026 Results
• Positive Sentiment: Management gave constructive forward commentary: expects Q2 combined ratio in the mid?80s (the 87s) and is targeting direct written premium growth roughly 20 points above the excess & surplus (E&S) market — a sign of continued underwriting discipline and growth focus. Ategrity expects Q2 combined ratio guidance
• Neutral Sentiment: Wells Fargo kept an “overweight” rating but trimmed its price target from $27 to $26, which still implies substantial upside from current levels — a mixed read but supportive of a buy stance. Wells Fargo price target adjustment
• Neutral Sentiment: Full earnings and call transcripts are available for deeper detail on cadence, reserves and segment trends for investors doing diligence (transcripts from The Fool and Seeking Alpha). Ategrity Q1 2026 Earnings Transcript (Fool)
• Neutral Sentiment: Additional call highlights and a Seeking Alpha transcript provide management commentary and Q&A that may influence near?term trading as investors parse reserve assumptions and growth cadence. Ategrity Q1 2026 Earnings Call Transcript (Seeking Alpha)

About Ategrity Specialty

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.