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ASASIC

Ategrity Specialty Holdings LLC

$ASIC·$1.2B·Insurance - Property & Casualty·Financial Services
$23.41-5.0%YTD+16.7%1Y+20.5%
Mentions · last 7 days
2026-07-23: 0 posts2026-07-24: 0 posts2026-07-25: 0 posts2026-07-26: 0 posts2026-07-27: 0 posts2026-07-28: 1 posts2026-07-29: 3 posts4
Price updated 15m ago·X counts updated 22h ago
ASASIC
$ASICAtegrity Specialty Holdings LLC
$23.41-4.99%4 posts
AI analysisFundamentalsVoices on X
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AI verdict & sentimentAI analysisGenerated by AI from underlying data

Today's AI verdict on what's driving $ASIC, plus how loud the X conversation is and which way it's leaning.

AI analysis

TickerTalks’ read on the fundamentals and what’s driving the move.

Proven numbersAcceleratingAI verdict · as of 2026-07-30

The move is getting stronger, with heavier trading behind it.

The newly-public E&S insurer growing gross written premiums 40%+ with EPS beating by 27% — real book value, real growth, near 52-week highs.

Ategrity Specialty is an excess-and-surplus (E&S) property and casualty insurer targeting small and mid-sized businesses. It's a recent IPO that's delivering exactly what E&S bulls want: high top-line growth from a hardening rate environment, disciplined underwriting, and the balance sheet flexibility of a new-listing insurance company.

  • Growth is genuinely industry-leading — Q2 2026 revenue grew 46% YoY and Q1 grew 55%, alongside record gross written premiums flagged in the July 10 pre-announcement; the E&S rate environment plus the small/mid-size business underwriting focus is exactly where the growth is in P&C right now.
  • EPS beats confirm underwriting discipline — Q2 EPS of $0.67 beat $0.53 by 27%, following Q1's +27.5% beat; combined-ratio math landing better than sell-side models is the healthiest kind of surprise for an insurer.
  • Valuation is demanding — 11x TTM P/E and 18x EV/EBITDA is expensive vs. established E&S peers (KNSL, MKL closer to 20x P/E with 15-20yr track records); FY26 consensus $2.06 EPS implies ~12x forward, reasonable if growth persists.
  • Q2 gross margin flipped to -45% — reflects catastrophe-loss timing, not fundamental deterioration; insurance accounting produces this noise, so trailing operating margin at 12% is the cleaner read.
  • Structural setup — 7.6M tiny float and 86% of 52-week range with new CFO Neil Adler filing Form 3 July 20; small-float insurance IPOs typically face a lockup-expiration overhang in 6-12 months.

No dated earnings event on the calendar. The next catalyst is any 8-K with hurricane-season loss commentary or a follow-on offering announcement; a clean CAT season and continued 40%+ premium growth extends the accelerating tape; a large catastrophe event or a lockup-expiration secondary is what turns this into a range-bound stretch.

What to watch: Any 8-K on hurricane-season CAT losses or a follow-on offering announcement — a clean CAT season and continued 40%+ premium growth extends the accelerating tape; a large catastrophe event or a lockup-expiration secondary is what turns this into a range-bound stretch.

Read the AI verdict + X sentiment for $ASIC

  • One-line verdict on what's driving the move — fundamentals, momentum, both, or an event
  • Next dated catalyst when there is one (earnings, deal closing, activist clock)
  • X crowd read with bullish/bearish call + post volume
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What it does

Plain-English summary of the business — what they sell and how they make money.

Ategrity Specialty Holdings LLC, along with its subsidiaries, offers insurance and reinsurance services specifically designed for small and medium-sized businesses across the United States. Its product line primarily focuses on property and casualty insurance. The company was founded in 2017 and maintains its headquarters in New York, New York. Ategrity Specialty Holdings LLC operates as a subsidiary of Zimmer Financial Services Group LLC.

Industry overviewAI analysisGenerated by AI from underlying data

Where Insurance - Property & Casualty sits in its cycle right now — and what that implies for $ASIC.

Insurance - Property & Casualty · Financial Services

No material change from last week — climate-driven cat events push combined ratios higher across P&C underwriters, keeping reinsurance costs sticky even as rate cycles moderate.

Top industry ETF

$KIESPDR S&P Insurance ETF
+9.4%YTD
+15.9%1Y

Fundamentals & catalyst

Profitability, valuation, and the next earnings event — at a glance, with rule-of-thumb signals.

Key ratios

P/E
11.0How much investors are paying per dollar of profit the company actually earned in the last 12 months. Lower means the stock looks cheaper relative to earnings.~15–25 is typical for the S&P 500; high-growth names trade 30+; hyper-growth or speculative can be 100+ or negative.
ROIC
6.5%What percentage return the business earns on every dollar of capital (equity + debt) deployed in operations. The cleanest measure of business quality.Above ~15% is high-quality; consistently above 25% suggests a real moat. Below the company's cost of capital is value-destroying.
Op margin
12.2%Operating profit (after sales, marketing, R&D, and overhead but before interest and taxes) as a percentage of revenue. The clearest view of how well the underlying business is run.Mature business above 20% is healthy; software businesses can run 30%+; commodity / retail businesses operate in single digits.
FCF yield
4.1%Free cash flow (operating cash flow minus capex) divided by the company's market cap. The cash-on-cash return you'd get owning the whole business at today's price.Above ~5% is attractive; below ~2% means you're paying up for growth. Capital-light businesses (software) run higher than capital-heavy ones (utilities).
P/S
2.3Same idea as P/E but per dollar of revenue. Useful for companies that aren't profitable yet, where P/E is meaningless.Under ~2 is cheap; software / SaaS often runs 8–15; well above 20 implies the market is pricing in very high future growth.
ROE
17.1%Net income as a percentage of shareholders' equity. Similar to ROIC but counts only the equity side.Above 20% is strong, but can be inflated by leverage — a heavily indebted company can show high ROE with weak underlying ROIC.
Gross margin
30.0%Revenue minus the direct cost of producing what was sold, as a percentage of revenue. The first read on whether the product is structurally profitable.Software / SaaS is typically 70%+; consumer goods 30–50%; commodity / hardware businesses can be under 20%.
D/E
0.0Total debt divided by shareholders' equity. Measures how much the business runs on borrowed money versus owner capital.Under 1 is conservative; 1–2 is typical for mature businesses; over 2 is leveraged and more sensitive to interest rates.

Past earnings

QuarterReportedActualEstimateSurprise
Q2 2026Jul 29, 2026$0.67$0.53+27.1%
Q1 2026Apr 29, 2026$0.51$0.40+27.5%
Q4 2025Feb 19, 2026$0.51$0.35+45.7%
Q3 2025Oct 22, 2025$0.46$0.33+39.4%

Quarterly trend

QuarterRevenueYoYGrossOpEPSFCF
Q2 FY26$148.5M+45.9%-45.2%-23.1%$0.70—
Q1 FY26$129.0M+55.2%52.0%26.5%$0.53$0
Q4 FY25$123.3M+62.9%77.3%26.9%$0.53$48.9M
Q3 FY25$116.1M+52.6%51.6%25.6%$0.47—

Forward consensus

3-year forecast · up to 1 analysts
FYRevenueRangeEPSRangeAnalysts
FY26$535.2M$516.1M – $554.3M$2.06$1.96 – $2.151
FY27$687.1M$662.6M – $711.6M$2.48$2.37 – $2.601
FY28$804.6M$775.9M – $833.2M$2.99$2.85 – $3.131

Setup & momentum

Volume, range, and moving-average position — the technical setup driving short-term moves.

Right now

Vol vs 30dToday's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.0.8×Today's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.
52w rangeWhere the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.86%Where the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.
vs 50d MALatest close vs the 50-day simple moving average. Positive = short-term trend is up.+11.0%Latest close vs the 50-day simple moving average. Positive = short-term trend is up.
vs 200d MALatest close vs the 200-day simple moving average. Positive = long-term trend is up.+22.5%Latest close vs the 200-day simple moving average. Positive = long-term trend is up.

Float & profile

FloatTiny float · 7.6M shFree-float shares — the slice of issued stock actually available to trade. Lower buckets squeeze harder on a catalyst.Traded today0.8% of floatToday's volume as a percent of the free float. Above 5% on a single day is unusually high turnover for the available share count.β-0.715-year weekly beta vs the S&P 500. Above 1.5 means the stock typically moves more than the index; below 0.8 moves less.

Insider activity

Recent open-market buys and sells by officers and directors — flagged when multiple insiders cluster.

Recent transactions

BuyMay 4Chris SchenkSee Remarks2.5K sh$50K
+ 4 other (3 exempts · 1 award) in window

See when $ASIC insiders are putting their own money in

  • Real-time open-market buys and sells from Form 4 filings
  • Cluster-buy detection when multiple insiders pile in at once
  • 30 / 60 / 180-day windows so you can spot building conviction
Free, forever. No credit card.

SEC filings

Material 8-K, 13D, S-3, and 424B5 events from the last 180 days — the filings that actually move the price.

Recent material filings

3New insider — initial holdingsJul 203
AI summary

Neil Adler filed a Form 3 with the SEC on July 20, 2026 disclosing his initial beneficial ownership as Chief Financial Officer of Ategrity Specialty Insurance Holdings, Inc. (ticker: ASIC). Table I of the Form 3 shows 1,300 shares of common stock directly owned by Adler as of the reporting date, with no indirect holdings or derivative securities disclosed in Table II. This is the required initial ownership report for a newly designated Section 16 reporting officer; any subsequent transactions by Adler will be reported on Form 4 within two business days. Ategrity Specialty is a specialty insurance carrier focused on excess and surplus lines business.

8-KOfficer or director changeJul 108-K — Item 2.02: Earnings release · Item 5.02: Officer or director change
AI summary

Ategrity Specialty Insurance Holdings disclosed preliminary second-quarter 2026 financial results on July 10, 2026 that exceeded the company's prior guidance, reporting record gross written premiums of more than $205 million — growth exceeding 22% year-over-year — and a combined ratio below 87%, outperforming expectations in both growth and underwriting profitability. The company also reported an adjusted EPS above $0.60, marking an acceleration in market share gains relative to E&S stamping office benchmarks. Separately, the filing under Item 5.02 discloses that CFO Patel's engagement with the company was not renewed, meaning the CFO position will be transitioning concurrent with this strong operating momentum. The combination of record underwriting results and a CFO departure may attract investor attention to succession and financial reporting continuity.

8-KShareholder voteJun 118-K — Item 5.07: Shareholder vote
AI summary

Ategrity Specialty Insurance Holdings, Inc. held its Annual Meeting of Stockholders on June 11, 2026, with 44,042,948 shares present or represented by proxy, representing 91.62% of the voting power of shares outstanding as of the April 16, 2026 record date — an exceptionally high participation rate. Shareholders voted to elect all seven director nominees to the board and ratified the appointment of Ernst & Young LLP (EY) as the company's independent registered public accounting firm for fiscal year 2026. The voting results for each proposal, including for and against vote counts, are disclosed in the 8-K in accordance with Item 5.07 reporting requirements. The 91.62% quorum and clean vote outcomes reflect strong institutional and retail shareholder alignment with the current board and management.

+ 8 other (3 earnings 8-Ks · 2 proxys · 1 10-Q · 1 10-K) in window

Recent news

Latest headlines from major outlets, sourced and timestamped — context for whatever just moved.

Ategrity Specialty Q2 Earnings Call Highlightsmarketbeat.com·23h agoAtegrity Specialty Insurance Company Holdings (ASIC) Q2 2026 Earnings Call Transcriptseekingalpha.com·23h agoAtegrity Specialty Insurance Company Holdings (ASIC) Surpasses Q2 Earnings Estimateszacks.com·1d agoAtegrity Specialty Insurance Company Holdings Reports Second Quarter 2026 Resultsbusinesswire.com·1d agoAtegrity Specialty Insurance Company Holdings (ASIC) Hit a 52 Week High, Can the Run Continue?zacks.com·1d ago

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