Ategrity Q2 adjusted EPS, net income beat estimates; premiums up 23%
ASIC•Outlook and analyst coverage
Ategrity said it continues to see opportunities to drive further efficiencies through automation and expects its model to deliver attractive returns as it scales.
The company also sees increased market focus on coverage terms and conditions, especially in the middle-market segment.
Current average analyst rating on the shares is buy, with 4 "strong buy" or "buy" ratings, 1 "hold" and no "sell" or "strong sell" ratings.
Wall Street's median 12-month price target for Ategrity Specialty Insurance Company Holdings is $27.50, about 7.5% above its July 28 closing price of $25.59.
Quarterly results beat estimates
Ategrity's Q2 adjusted EPS and adjusted net income beat analyst expectations.
- Q2 adjusted EPS: $0.67 vs. consensus $0.53
- Q2 adjusted net income: $33.55 million vs. consensus $22.86 million
- Q2 EPS: $0.67
- Q2 gross written premiums:
