Ategrity Specialty (NYSE:ASIC) Stock Has Consensus Price Target of $28.00

Shares of Ategrity Specialty (NYSE:ASIC) have been assigned a consensus recommendation of “Moderate Buy” from the six analysts that are currently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $28.00.

A number of research analysts have issued reports on the stock. 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. Barclays lowered their price objective on shares of Ategrity Specialty from $28.00 to $27.00 and set an “overweight” rating for the company in a research note on Thursday, October 22nd. Wells Fargo & Company dropped their price objective on shares of 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 downgraded Ategrity Specialty from a “buy” rating to a “hold” rating in a research report on Saturday, October 10th. Finally, Citigroup raised their target price on Ategrity Specialty from $28.50 to $29.00 and gave the stock a “neutral” rating in a research note on Thursday, October 22nd.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of ASIC. State of Wyoming purchased a new position in shares of Ategrity Specialty in the third quarter worth about $1,503,000. State of Alaska Department of Revenue boosted its position in Ategrity Specialty by 52.6% in the third quarter. State of Alaska Department of Revenue now owns 5,589 shares of the company’s stock valued at $142,000 after buying an additional 1,926 shares during the last quarter. ProCore Advisors LLC boosted its position 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 buying an additional 548 shares during the last quarter. Allworth Financial LP increased its holdings in Ategrity Specialty by 380,266.7% in the 2nd quarter. Allworth Financial LP now owns 45,644 shares of the company’s stock worth $1,097,000 after buying an additional 45,632 shares during the period. Finally, Cannell Capital LLC acquired a new position in Ategrity Specialty in the 2nd quarter worth approximately $11,791,187.

Ategrity Specialty Stock Performance

Shares of NYSE ASIC opened at $23.97 on Friday. Ategrity Specialty has a fifty-two week low of $16.73 and a fifty-two week high of $29.00. The company has a market cap of $1.15 billion, a PE ratio of 12.11 and a beta of -0.42. The business has a 50-day simple moving average of $26.13 and a two-hundred day simple moving average of $22.55.

Ategrity Specialty (NYSE:ASIC) last posted its quarterly earnings data on Wednesday, October 21st. The company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.21). The company had revenue of $125.59 million for the quarter. Ategrity Specialty had a net margin of 19.10% and a return on equity of 15.51%. On average, sell-side analysts predict that Ategrity Specialty will post 2.03 earnings per share for the current fiscal year.

Ategrity Specialty Company Profile