Ategrity Specialty $ASIC Shares Sold by Next Century Growth Investors LLC

Next Century Growth Investors LLC lowered its stake in Ategrity Specialty (NYSE:ASIC) by 37.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 143,657 shares of the company’s stock after selling 84,819 shares during the quarter. Next Century Growth Investors LLC’s holdings in Ategrity Specialty were worth $3,018,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in ASIC. New York State Common Retirement Fund acquired a new stake in Ategrity Specialty in the 4th quarter valued at $27,000. Strs Ohio grew its stake 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 period. Police & Firemen s Retirement System of New Jersey acquired a new stake in Ategrity Specialty in the 4th quarter valued at $41,000. State of Wyoming grew its stake in Ategrity Specialty by 1,663.6% in the 4th quarter. State of Wyoming now owns 2,469 shares of the company’s stock valued at $52,000 after acquiring an additional 2,329 shares during the period. Finally, State of Alaska Department of Revenue acquired a new stake in Ategrity Specialty in the 4th quarter valued at $76,000.

Ategrity Specialty Stock Up 0.3%

Shares of ASIC stock opened at $20.84 on Monday. The company has a fifty day moving average price of $20.22. The stock has a market cap of $1.00 billion and a price-to-earnings ratio of 11.20. Ategrity Specialty has a fifty-two week low of $16.35 and a fifty-two week high of $23.89.

Ategrity Specialty (NYSE:ASIC) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.11. The company 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 year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on ASIC shares. Barclays lifted their price target on shares of Ategrity Specialty from $25.00 to $26.00 and gave the company an “overweight” rating in a research note on Friday, February 20th. Weiss Ratings lowered Ategrity Specialty from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, June 3rd. Zacks Research upgraded Ategrity Specialty from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 21st. JPMorgan Chase & Co. raised their price objective on Ategrity Specialty from $25.00 to $27.00 and gave the company an “overweight” rating in a report on Tuesday, February 24th. Finally, Wall Street Zen upgraded Ategrity Specialty from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. One investment 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 stock. Based on data from MarketBeat, Ategrity Specialty has an average rating of “Moderate Buy” and an average price target of $26.50.

Ategrity Specialty Profile

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.