Next Century Growth Investors LLC lessened its holdings in Ategrity Specialty (NYSE:ASIC – Free Report) by 37.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 143,657 shares of the company’s stock after selling 84,819 shares during the quarter. Next Century Growth Investors LLC owned about 0.30% of Ategrity Specialty worth $3,018,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Strs Ohio increased its holdings in Ategrity Specialty by 54.5% in the 4th quarter. Strs Ohio now owns 1,700 shares of the company’s stock worth $36,000 after buying an additional 600 shares during the period. New York State Common Retirement Fund acquired a new position in Ategrity Specialty in the 4th quarter worth approximately $27,000. Police & Firemen s Retirement System of New Jersey purchased a new stake in Ategrity Specialty in the 4th quarter worth approximately $41,000. State of Wyoming grew its stake in shares of Ategrity Specialty by 1,663.6% during the 4th quarter. State of Wyoming now owns 2,469 shares of the company’s stock worth $52,000 after purchasing an additional 2,329 shares during the period. Finally, Wells Fargo & Company MN grew its stake in shares of Ategrity Specialty by 14.2% during the 4th quarter. Wells Fargo & Company MN now owns 27,029 shares of the company’s stock worth $568,000 after purchasing an additional 3,363 shares during the period.
Analysts Set New Price Targets
ASIC has been the topic of a number of analyst reports. Wall Street Zen raised shares of Ategrity Specialty from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Citigroup cut shares of Ategrity Specialty from a “buy” rating to a “neutral” rating and set a $27.00 price objective on the stock. in a research note on Thursday, February 26th. Barclays raised their price objective on shares of Ategrity Specialty from $25.00 to $26.00 and gave the stock an “overweight” rating in a research note on Friday, February 20th. JPMorgan Chase & Co. raised their price objective on shares of Ategrity Specialty from $25.00 to $27.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 24th. Finally, Wells Fargo & Company dropped their price objective on shares of Ategrity Specialty from $27.00 to $26.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $26.50.
Ategrity Specialty Stock Up 0.3%
Shares of NYSE ASIC opened at $20.84 on Monday. The firm has a market cap of $1.00 billion and a PE ratio of 11.20. Ategrity Specialty has a 12 month low of $16.35 and a 12 month high of $23.89. The stock’s 50 day moving average price is $20.22.
Ategrity Specialty (NYSE:ASIC – Get Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.11. Ategrity Specialty had a net margin of 19.75% and a return on equity of 15.29%. The business had revenue of $128.96 million for the quarter. On average, equities analysts forecast that Ategrity Specialty will post 1.98 EPS for the current year.
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.
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