Ategrity Specialty initiated with an Overweight at JPMorgan

JPMorgan analyst Pablo Singzon initiated coverage of Ategrity Specialty (ASIC) with an Overweight rating and $26 price target The firm says the company is differentiated from other specialty insurers because of its above-average sales trajectory, small commercial niche, and technology-driven platform. JPMorgan expects Ategrity’s sales growth to outpace other specialty insurers.