Ategrity Specialty (NYSE:ASIC) Given New $25.00 Price Target at Wells Fargo & Company

Ategrity Specialty (NYSE:ASIC) had its target price hoisted by stock analysts at Wells Fargo & Company from $23.00 to $25.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price would indicate a potential upside of 35.87% from the stock’s previous close.

Ategrity Specialty Price Performance

NYSE:ASIC traded down $0.08 during trading hours on Tuesday, reaching $18.40. The stock had a trading volume of 12,725 shares, compared to its average volume of 67,800. Ategrity Specialty has a 52 week low of $16.35 and a 52 week high of $25.30. The company has a market cap of $884.43 million and a price-to-earnings ratio of 21.15.

Ategrity Specialty Company 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.