58,841 Shares of Ategrity Specialty $ASIC Acquired by State of Wyoming

State of Wyoming purchased a new position in Ategrity Specialty (NYSE:ASIC) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 58,841 shares of the company’s stock, valued at approximately $1,503,000. State of Wyoming owned 0.12% of Ategrity Specialty as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. State of Alaska Department of Revenue increased its position in shares of Ategrity Specialty by 52.6% during the third quarter. State of Alaska Department of Revenue now owns 5,589 shares of the company’s stock worth $142,000 after acquiring an additional 1,926 shares during the last quarter. ProCore Advisors LLC boosted its holdings in Ategrity Specialty by 3.3% in the third quarter. ProCore Advisors LLC now owns 16,954 shares of the company’s stock valued at $433,000 after purchasing an additional 548 shares during the last quarter. Allworth Financial LP boosted its holdings in Ategrity Specialty by 380,266.7% in the second quarter. Allworth Financial LP now owns 45,644 shares of the company’s stock valued at $1,097,000 after purchasing an additional 45,632 shares during the last quarter. Cannell Capital LLC acquired a new stake in Ategrity Specialty during the 2nd quarter valued at approximately $11,791,187. Finally, Bank of America Corp DE acquired a new stake in Ategrity Specialty during the 2nd quarter valued at approximately $1,111,000.

Ategrity Specialty Stock Performance

Shares of ASIC stock opened at $23.79 on Friday. Ategrity Specialty has a one year low of $16.73 and a one year high of $29.00. The company’s 50-day simple moving average is $26.40 and its 200-day simple moving average is $22.41. The stock has a market capitalization of $1.14 billion, a price-to-earnings ratio of 12.02 and a beta of -0.55.

Ategrity Specialty (NYSE:ASIC) last announced its quarterly earnings data on Wednesday, October 21st. The company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.21). Ategrity Specialty had a net margin of 19.10% and a return on equity of 15.51%. The firm had revenue of $125.59 million during the quarter. As a group, research analysts forecast that Ategrity Specialty will post 2.03 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Wells Fargo & Company dropped their price objective on Ategrity Specialty from $31.00 to $29.00 and set an “overweight” rating on the stock in a report on Thursday, October 22nd. Wall Street Zen cut Ategrity Specialty from a “buy” rating to a “hold” rating in a research note on Saturday, October 10th. Citigroup increased their target price on Ategrity Specialty from $28.50 to $29.00 and gave the company a “neutral” rating in a research note on Thursday, October 22nd. Barclays decreased their price target on shares of Ategrity Specialty from $28.00 to $27.00 and set an “overweight” rating for the company in a research report on Thursday, October 22nd. Finally, Weiss Ratings lowered shares of Ategrity Specialty from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, October 9th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Ategrity Specialty presently has a consensus rating of “Moderate Buy” and a consensus target price of $28.00.

Ategrity Specialty Company Profile

Ategrity Specialty is a specialty property and casualty insurance company focused on the excess and surplus (E&S) insurance market. The company provides coverage for risks that may be difficult to place in the standard insurance market because of their size, complexity, unusual characteristics or limited loss history.

Its business is centered on underwriting specialty commercial insurance products, including coverage for property and liability exposures. Ategrity Specialty works with insurance brokers and other distribution partners to develop tailored solutions for businesses with specialized insurance needs.

The company primarily serves the U.S.