Ategrity Specialty (NYSE:ASIC) Price Target Raised to $29.00 at JPMorgan Chase & Co.

Ategrity Specialty (NYSE:ASICGet Free Report) had its price target raised by JPMorgan Chase & Co. from $27.00 to $29.00 in a report released on Monday,Benzinga reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 24.95% from the stock’s current price.

ASIC has been the topic of a number of other reports. Wall Street Zen raised Ategrity Specialty from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Barclays increased their target price on shares of Ategrity Specialty from $26.00 to $28.00 and gave the company an “overweight” rating in a research report on Tuesday, July 7th. Weiss Ratings raised shares of Ategrity Specialty from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, June 18th. Zacks Research downgraded shares of Ategrity Specialty from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 19th. Finally, Wells Fargo & Company upped 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, July 9th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $28.50.

Check Out Our Latest Report on Ategrity Specialty

Ategrity Specialty Stock Performance

Shares of NYSE ASIC traded up $0.42 during midday trading on Monday, hitting $23.21. 5,984 shares of the company’s stock were exchanged, compared to its average volume of 93,405. The business’s 50 day moving average is $21.68. The stock has a market cap of $1.11 billion and a price-to-earnings ratio of 12.47. Ategrity Specialty has a twelve month low of $16.35 and a twelve month high of $25.84.

Ategrity Specialty (NYSE:ASICGet Free Report) last posted its earnings results on Wednesday, April 29th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.40 by $0.11. The firm had revenue of $128.96 million for the quarter. Ategrity Specialty had a return on equity of 15.29% and a net margin of 19.75%. As a group, equities research analysts predict that Ategrity Specialty will post 1.98 earnings per share for the current fiscal year.

Institutional Trading of Ategrity Specialty

Several institutional investors have recently modified their holdings of ASIC. New York State Common Retirement Fund acquired a new position in Ategrity Specialty during the fourth quarter worth about $27,000. Strs Ohio lifted its holdings in Ategrity Specialty by 54.5% in the 4th quarter. Strs Ohio now owns 1,700 shares of the company’s stock valued at $36,000 after acquiring an additional 600 shares during the last quarter. Police & Firemen s Retirement System of New Jersey bought a new position in shares of Ategrity Specialty during the 4th quarter valued at about $41,000. State of Wyoming grew its stake in shares of Ategrity Specialty by 1,663.6% in 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 last quarter. Finally, State of Alaska Department of Revenue acquired a new position in shares of Ategrity Specialty in the 4th quarter worth approximately $76,000.

About Ategrity Specialty

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Ategrity Specialty (NYSE:ASIC)

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