Strs Ohio Purchases 25,100 Shares of Ategrity Specialty $ASIC

Strs Ohio grew its position in shares of Ategrity Specialty (NYSE:ASIC) by 1,476.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,800 shares of the company’s stock after buying an additional 25,100 shares during the period. Strs Ohio owned 0.06% of Ategrity Specialty worth $530,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in ASIC. New York State Common Retirement Fund bought a new stake in Ategrity Specialty in the 4th quarter valued at about $27,000. Police & Firemen s Retirement System of New Jersey purchased a new stake in Ategrity Specialty during the fourth quarter valued at about $41,000. State of Wyoming boosted its position in Ategrity Specialty by 1,663.6% during the fourth 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. State of Alaska Department of Revenue purchased a new position in shares of Ategrity Specialty in the fourth quarter worth about $76,000. Finally, VARCOV Co. purchased a new position in shares of Ategrity Specialty in the fourth quarter worth about $257,000.

Analyst Upgrades and Downgrades

ASIC has been the topic of a number of recent research reports. Wells Fargo & Company upped their price target on shares of Ategrity Specialty from $26.00 to $30.00 and gave the company an “overweight” rating in a research note on Thursday. Zacks Research cut shares of Ategrity Specialty from a “strong-buy” rating to a “hold” rating in a report on Friday, June 19th. Weiss Ratings upgraded Ategrity Specialty from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, June 18th. Barclays lifted their price target on Ategrity Specialty from $26.00 to $28.00 and gave the company an “overweight” rating in a research report on Tuesday. Finally, Wall Street Zen upgraded Ategrity Specialty from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $28.00.

Ategrity Specialty Stock Performance

Shares of Ategrity Specialty stock opened at $24.22 on Friday. The stock has a 50-day moving average price of $21.26. Ategrity Specialty has a 12-month low of $16.35 and a 12-month high of $25.84. The stock has a market capitalization of $1.16 billion and a P/E ratio of 13.02.

Ategrity Specialty (NYSE:ASIC) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.40 by $0.11. The company had revenue of $128.96 million during the quarter. Ategrity Specialty had a net margin of 19.75% and a return on equity of 15.29%. As a group, equities research analysts expect 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.