Ategrity Specialty Insurance (ASIC)
Market Price (5/23/2026): $20.67 | Market Cap: $993.5 MilSector: Financials | Industry: Property & Casualty Insurance
Ategrity Specialty Insurance (ASIC)
Market Price (5/23/2026): $20.67Market Cap: $993.5 MilSector: FinancialsIndustry: Property & Casualty Insurance
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 9.2%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 5.1%, FCF Yield is 17% Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -28% Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 34% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 36%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 36% Megatrend and thematic driversMegatrends include Cybersecurity, Advanced Aviation & Space, and Renewable Energy Transition. Themes include Cyber Insurance, Show more. | Stock price has recently run up significantly12M Rtn12 month market price return is 2064900% High stock price volatilityVol 12M is 2467900% Key risksASIC key risks include [1] underwriting volatility from its historical property catastrophe business and [2] execution risk in its strategic pivot to a more stable business mix. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 9.2%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 5.1%, FCF Yield is 17% |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -28% |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 34% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 36%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 36% |
| Megatrend and thematic driversMegatrends include Cybersecurity, Advanced Aviation & Space, and Renewable Energy Transition. Themes include Cyber Insurance, Show more. |
| Stock price has recently run up significantly12M Rtn12 month market price return is 2064900% |
| High stock price volatilityVol 12M is 2467900% |
| Key risksASIC key risks include [1] underwriting volatility from its historical property catastrophe business and [2] execution risk in its strategic pivot to a more stable business mix. |
Qualitative Assessment
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Ategrity Specialty Insurance (ASIC) stock has gained about 15% since 1/31/2026 because of the following key factors:
1. Ategrity Specialty Insurance (ASIC) reported exceptionally strong first-quarter 2026 financial results, significantly surpassing analyst expectations.
The company announced on April 29, 2026, that net income attributable to stockholders surged 201.0% year-over-year to $25.5 million, or $0.51 per diluted share, handily beating analyst estimates of $0.42 per share by $0.09. Gross written premiums also saw substantial growth, increasing by 23.1% to $142.9 million. Furthermore, Ategrity demonstrated improved underwriting profitability with a combined ratio of 87.4%, a notable decrease from 90.9% in the first quarter of 2025.
2. Analysts issued positive ratings and increased price targets for ASIC, reflecting confidence in the company's performance and outlook.
In late February 2026, JPMorgan raised its price target for ASIC to $27 from $25, citing the company's "above-average premium growth trajectory and technology-enabled underwriting platform." Similarly, Citi increased its price target to $27 from $26, based on confidence in "earnings momentum and growth visibility." This positive sentiment continued into April 2026, with Barclays reiterating an "Overweight" rating and a $26 price target for Ategrity Specialty Insurance shares. The average price target of $26.60 from analysts suggests a potential upside of approximately 36.76% from the stock's closing price on May 15, 2026.
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1. Ategrity Specialty Insurance (ASIC) reported exceptionally strong first-quarter 2026 financial results, significantly surpassing analyst expectations.
The company announced on April 29, 2026, that net income attributable to stockholders surged 201.0% year-over-year to $25.5 million, or $0.51 per diluted share, handily beating analyst estimates of $0.42 per share by $0.09. Gross written premiums also saw substantial growth, increasing by 23.1% to $142.9 million. Furthermore, Ategrity demonstrated improved underwriting profitability with a combined ratio of 87.4%, a notable decrease from 90.9% in the first quarter of 2025.
2. Analysts issued positive ratings and increased price targets for ASIC, reflecting confidence in the company's performance and outlook.
In late February 2026, JPMorgan raised its price target for ASIC to $27 from $25, citing the company's "above-average premium growth trajectory and technology-enabled underwriting platform." Similarly, Citi increased its price target to $27 from $26, based on confidence in "earnings momentum and growth visibility." This positive sentiment continued into April 2026, with Barclays reiterating an "Overweight" rating and a $26 price target for Ategrity Specialty Insurance shares. The average price target of $26.60 from analysts suggests a potential upside of approximately 36.76% from the stock's closing price on May 15, 2026.
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Stock Movement Drivers
Fundamental Drivers
The 15.9% change in ASIC stock from 1/31/2026 to 5/22/2026 was primarily driven by a 0.0% change in the company's P/E Multiple.| (LTM values as of) | 1312026 | 5222026 | Change |
|---|---|---|---|
| Stock Price ($) | 17.81 | 20.65 | 15.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | � | 470 | 0.0% |
| Net Income Margin (%) | � | 19.4% | 0.0% |
| P/E Multiple | � | 10.9 | 0.0% |
| Shares Outstanding (Mil) | 47 | 48 | -2.3% |
| Cumulative Contribution | 0.0% |
Market Drivers
1/31/2026 to 5/22/2026| Return | Correlation | |
|---|---|---|
| ASIC | 15.9% | |
| Market (SPY) | 8.1% | 16.4% |
| Sector (XLF) | -2.3% | 20.6% |
Fundamental Drivers
The 6.3% change in ASIC stock from 10/31/2025 to 5/22/2026 was primarily driven by a 0.0% change in the company's P/E Multiple.| (LTM values as of) | 10312025 | 5222026 | Change |
|---|---|---|---|
| Stock Price ($) | 19.43 | 20.65 | 6.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | � | 470 | 0.0% |
| Net Income Margin (%) | � | 19.4% | 0.0% |
| P/E Multiple | � | 10.9 | 0.0% |
| Shares Outstanding (Mil) | 47 | 48 | -2.3% |
| Cumulative Contribution | 0.0% |
Market Drivers
10/31/2025 to 5/22/2026| Return | Correlation | |
|---|---|---|
| ASIC | 6.3% | |
| Market (SPY) | 9.9% | 13.8% |
| Sector (XLF) | 0.0% | 22.8% |
Fundamental Drivers
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Market Drivers
4/30/2025 to 5/22/2026| Return | Correlation | |
|---|---|---|
| ASIC | 2064900.0% | |
| Market (SPY) | 36.0% | 7.2% |
| Sector (XLF) | 8.2% | 19.1% |
Fundamental Drivers
nullnull
Market Drivers
4/30/2023 to 5/22/2026| Return | Correlation | |
|---|---|---|
| ASIC | 2064900.0% | |
| Market (SPY) | 86.3% | 7.2% |
| Sector (XLF) | 64.4% | 19.1% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| ASIC Return | 0% | 0% | 0% | 0% | 2100900% | -2% | 2054900% |
| Peers Return | 28% | 13% | 10% | 38% | -1% | -15% | 86% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 9% | 98% |
Monthly Win Rates [3] | |||||||
| ASIC Win Rate | 0% | 0% | 0% | 0% | 25% | 40% | |
| Peers Win Rate | 67% | 54% | 48% | 62% | 52% | 40% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 60% | |
Max Drawdowns [4] | |||||||
| ASIC Max Drawdown | 0% | 0% | 0% | 0% | -34% | -21% | |
| Peers Max Drawdown | -17% | -24% | -22% | -19% | -28% | -25% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: KNSL, WRB, RYAN, MKL, BOW.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 5/22/2026 (YTD)
How Low Can It Go
| Event | ASIC | S&P 500 |
|---|---|---|
| 2008-2009 Global Financial Crisis | ||
| % Loss | -99.9% | -53.4% |
| % Gain to Breakeven | 69900.0% | 114.4% |
| Time to Breakeven | 6148 days | 1085 days |
In The Past
Ategrity Specialty Insurance's stock fell 0.0% during the 2013 Taper Tantrum. Such a loss loss requires a 0.0% gain to breakeven.
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| Event | ASIC | S&P 500 |
|---|---|---|
| 2008-2009 Global Financial Crisis | ||
| % Loss | -99.9% | -53.4% |
| % Gain to Breakeven | 69900.0% | 114.4% |
| Time to Breakeven | 6148 days | 1085 days |
In The Past
Ategrity Specialty Insurance's stock fell 0.0% during the 2013 Taper Tantrum. Such a loss loss requires a 0.0% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Ategrity Specialty Insurance (ASIC)
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. This advantage stems from our technology-driven method of standardizing, simplifying, and automating our transaction process, which we call productionized underwriting. We target industry verticals where we have deep expertise and develop data-driven insights to gain a competitive advantage. We leverage our expertise and our efficient underwriting platform to deliver tailored insurance products and customized services that meet the needs of our distribution partners. We believe the universe of distributors in the SMB segment of the E&S market is rapidly shifting toward agents and brokers who were raised in the digital age. These digital-native and tech-savvy distribution partners expect real-time, frictionless insurance transactions that mirror the seamless experiences they encounter in their daily lives. In an industry where insurance applications are often submitted via email with slow response times, we have designed a technology-driven underwriting process that addresses our distribution partners’ demands for rapid, high-quality interactions. Our strong value proposition has contributed to a growing network of 512 distribution partners as of March 31, 2025, which provides us with increased transaction opportunities and diversified sources of business. Our fully integrated claims management function is designed to enable us to resolve claims efficiently and effectively. We take an active approach to risk management through real-time performance analytics, rigorous risk aggregation monitoring, and robust reinsurance protection aimed at minimizing volatility and generating consistent underwriting results. We have grown our business substantially while generating attractive underwriting results. For the three months ended March 31, 2025, we wrote $116.1 million in gross written premiums, an increase of $34.5 million, or 42.3% compared to the three months ended March 31, 2024. Our combined ratio for the three months ended March 31, 2025, was 90.9%, a decrease of 3.3% from the three months ended March 31, 2024. Our members’ equity at March 31, 2025, was $426.8 million, an increase of $28.5 million (7.2%) from December 31, 2024. For the twelve months ended March 31, 2025, our return on members’ equity was 12.6%. For the year ended December 31, 2024, we wrote $437.0 million in gross written premiums, representing a compound annual growth rate of 28.4% over the last two years. Our combined ratio for the year ended December 31, 2024, was 93.9%, a decrease of 3.6% from the year ended December 31, 2023. Our members’ equity at December 31, 2024, was $398.3 million, an increase of $76.6 million (23.8%) from December 31, 2023. We believe that our productionized underwriting capabilities will continue to drive enhanced profitability as we continue to scale our business. Our company’s mission is to transform the E&S marketplace for SMBs through the power of productionized underwriting with precision, simplicity, and efficiency. When we entered the E&S industry, we found what we believe to be an under-served and inefficient marketplace that was hindered by inconsistent and antiquated processes of legacy insurance carriers. We also believe that many distribution partners and their end-clients were struggling with slow response times, unpredictable underwriting capacity, and subpar pricing, which we believe make the market ripe for technology and efficiency-driven disruption. To address these challenges, we developed a technology-enabled underwriting process that we believe sets us apart in the E&S market. Our productionized underwriting approach combines rigorous technical underwriting with a highly efficient and centralized operating platform powered by advanced technology. This process begins with a deep understanding of our end-clients, the insurance policyholders. We intensely study the industry and geographical micro-segments in which our end-clients operate using sophisticated data analytics. We leverage these analytics to build quantitative risk models that shape our risk appetite and client targeting. Furthermore, we aim to eliminate unnecessary complexity by standardizing our processes and automating key underwriting tasks, such as submission intake, risk classification, pricing, and documentation. This allows our underwriters to focus on high-value underwriting tasks and make timely and accurate decisions in a uniform manner. For each individual transaction opportunity, our underwriting models efficiently determine which components of the process can be automated. For simpler products with clearly identified risk characteristics, we can execute the entire underwriting process without human intervention. We believe our productionized underwriting approach generates consistent, efficient, and scalable processes that allow us to deliver differentiated value to our distribution partners without compromising accuracy and profitability. Our location is in New York NY.
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Here are 1-3 brief analogies for Ategrity Specialty Insurance (ASIC):
- Lemonade for SMB commercial insurance
- Carvana for commercial insurance underwriting
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- Excess and Surplus (E&S) Insurance Products: Specialized insurance policies offered to small to medium-sized businesses that address unique, unusual, or higher-risk exposures not typically covered by standard admitted insurance carriers.
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Ategrity Specialty Insurance (ASIC) primarily sells its excess and surplus (E&S) products to other companies. The company operates within a two-tiered customer structure, serving distribution partners who, in turn, provide insurance to small to medium-sized businesses. The provided description does not name specific customer companies or their symbols, but describes them by category:- Distribution Partners: These are the direct customers of ASIC, consisting of agents and brokers who facilitate the sale of insurance products. The company emphasizes serving "digital-native and tech-savvy distribution partners" who seek rapid and frictionless insurance transactions. ASIC reported a network of 512 such partners as of March 31, 2025.
- Small to Medium-sized Businesses (SMBs): These are the "end-clients" or "insurance policyholders" for whom ASIC's E&S products are ultimately designed. ASIC focuses on providing these products to SMBs across the United States, targeting specific industry verticals where it possesses deep expertise.
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Justin Cohen, Chief Executive Officer
Mr. Cohen has served as Ategrity's Chief Executive Officer since January 2023, and as a director since December 2021. With over 25 years of experience in the insurance and financial services sectors, he previously served as the company's Deputy Chief Executive Officer. His career began at Donaldson, Lufkin & Jenrette as an investment banker focused on the insurance industry, specializing in mergers & acquisitions, public offerings, merchant banking, and insurance-linked securities. Mr. Cohen worked at Capital Z Partners and later joined Eton Park Capital Management, L.P., where he founded and operated Epoch Re, a reinsurer. He founded Roundfield Financial, an investment management firm dedicated to the insurance and financial services sectors, serving as CEO with backing from Steinhardt Management, indicating a pattern of managing companies backed by private equity firms. He also led the sale of Carrick Specialty Holdings LLC in December 2023.
Neelam Patel, Chief Financial Officer and Principal Accounting Officer
Ms. Patel has served as Ategrity's Chief Financial Officer since September 2024. She brings over 20 years of experience in financial leadership within the insurance industry. Prior to joining Ategrity, Ms. Patel was the Chief Financial Officer of Berkley One at W.R. Berkley for five years, where she contributed to significant growth and operational success. She also spent 18 years at Chubb Ltd., holding various finance leadership positions across multiple divisions. Her expertise encompasses budgeting, forecasting, and financial reporting.
Chris Schenk, President & Chief Underwriting Officer
Mr. Schenk was promoted to President in September 2024 and continues in his role as Chief Underwriting Officer, a position he has held since December 2021. He has over 20 years of experience spanning public policy and insurance. Before joining Ategrity, Mr. Schenk was the Head of Data and Analytics at Munich Re Specialty Insurance, where he led a team in developing strategic and go-to-market capabilities for the launch of a new E&S insurance division. He also held underwriting leadership roles at Hiscox for five years.
Hilary Young, Senior Vice President, Claims
Ken Terrell, Vice President Information Technology
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Key Risks for Ategrity Specialty Insurance (ASIC)
1. Dependence on Proprietary Technology and Data Analytics
Ategrity Specialty Insurance's core competitive advantage and business model are entirely predicated on its proprietary "productionized underwriting" platform, sophisticated data analytics, and quantitative risk models. The company explicitly states that its "competitive edge lies in our ability to offer consistent, high-speed, and low-touch interactions" stemming from its "technology-driven method." A significant risk exists if this technology platform experiences failures, security breaches, or if the underlying data analytics and risk models prove to be inaccurate or ineffective in consistently assessing and pricing risk, particularly across diverse industry and geographical micro-segments. Such issues could lead to substantial underwriting losses, erode distribution partner trust, and undermine the company's ability to maintain its efficiency and growth.2. Intense Competition and Market Disruption
Ategrity aims to disrupt the excess and surplus (E&S) market for small to medium-sized businesses (SMBs) by addressing what it identifies as an "under-served and inefficient marketplace" hindered by "antiquated processes of legacy insurance carriers." While this presents an opportunity, it also highlights the risk of intense competition. Other existing insurers could invest in and develop similar technology-driven underwriting platforms, or new entrants could emerge with superior or more advanced solutions. If competitors successfully replicate Ategrity's technological advantages, or if market dynamics shift unexpectedly, the company's ability to maintain its competitive edge, attract and retain distribution partners, and achieve premium growth could be significantly challenged.3. Underwriting and Catastrophe Risk
Despite its advanced "productionized underwriting" platform and "active approach to risk management," Ategrity Specialty Insurance remains an insurance company inherently exposed to underwriting risk. The potential for mispricing policies, inaccurate risk assessment, or unforeseen catastrophic events could lead to significant claims and financial losses. While the company mentions "robust reinsurance protection," reliance on reinsurance is not an elimination of risk but a transfer, and could be subject to availability, cost fluctuations, or counterparty risk. Large, unexpected claim events, especially those that exceed reinsurance limits or are poorly modeled by their analytics, could negatively impact profitability and members' equity.AI Analysis | Feedback
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Ategrity Specialty Insurance (ASIC) operates within two key addressable markets in the United States: the Excess & Surplus (E&S) insurance market and the broader Small to Medium-sized Business (SMB) insurance market. The U.S. Excess & Surplus (E&S) insurance market reached approximately $130 billion to $131 billion in direct premiums written in 2024. This market is projected to grow further, with premium volume estimated to be between $140 billion and $145 billion in 2025. The U.S. Small to Medium-sized Business (SMB) insurance market was valued at approximately $100.1 billion in 2024. Another estimate places the SMB commercial opportunities for insurers in the U.S. at around $110 billion. This market is anticipated to reach approximately $158.5 billion by 2034. Ategrity Specialty Insurance provides E&S products specifically to SMBs across the United States, operating at the intersection of these two significant markets.AI Analysis | Feedback
Ategrity Specialty Insurance (ASIC) is expected to drive future revenue growth over the next 2-3 years through several key strategies:
- Expansion of the Distribution Partner Network: The company's strong value proposition has already contributed to a growing network of distribution partners, reaching 512 as of March 31, 2025. Continued growth in this network is anticipated to provide increased transaction opportunities and diversified sources of business, directly leading to higher gross written premiums.
- Scaling of Productionized Underwriting Capabilities: Ategrity believes its proprietary productionized underwriting capabilities will continue to drive enhanced profitability as the business scales. This technology-driven approach, which standardizes, simplifies, and automates key underwriting tasks, allows for efficient processing of large volumes of small-sized policies. By scaling this platform, ASIC can handle more transactions, expand its market share in the E&S segment for SMBs, and attract digital-native distribution partners seeking rapid, frictionless insurance transactions.
- Strategic Penetration of Targeted Industry Verticals and Geographical Micro-segments: The company employs sophisticated data analytics to intensely study industry and geographical micro-segments where its end-clients operate. By leveraging these insights to build quantitative risk models, ASIC can shape its risk appetite and client targeting. This focused approach enables the company to expand effectively within specific, profitable niches, ensuring sustained and strategic revenue growth.
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Capital Expenditures
- The primary focus of capital expenditures is on the development and enhancement of the company's proprietary underwriting platform, which integrates sophisticated data analytics with automated and streamlined processes to efficiently serve clients.
- Significant investment is directed towards technology-driven methods for standardizing, simplifying, and automating transaction processes, including submission intake, risk classification, pricing, and documentation.
- These expenditures underpin the company's "productionized underwriting" approach, which leverages advanced technology for a highly efficient and centralized operating platform.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Can Ategrity Specialty Insurance Stock Hold Up When Markets Turn? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
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| 04302026 | EEFT | Euronet Worldwide | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 0.0% | 0.0% | 0.0% |
| 04242026 | HOMB | Home BancShares | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | 1.5% | 1.5% | 0.0% |
| 03312026 | HBAN | Huntington Bancshares | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | 7.1% | 7.1% | 0.0% |
| 03312026 | NP | Neptune Insurance | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | 3.9% | 3.9% | 0.0% |
| 03272026 | JKHY | Jack Henry & Associates | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 0.3% | 0.3% | -4.0% |
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 50.11 |
| Mkt Cap | 5.7 |
| Rev LTM | 2,537 |
| Op Inc LTM | - |
| FCF LTM | 784 |
| FCF 3Y Avg | 947 |
| CFO LTM | 841 |
| CFO 3Y Avg | 977 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 18.0% |
| Rev Chg 3Y Avg | 15.3% |
| Rev Chg Q | 12.7% |
| QoQ Delta Rev Chg LTM | 2.9% |
| Op Inc Chg LTM | - |
| Op Inc Chg 3Y Avg | - |
| Op Mgn LTM | - |
| Op Mgn 3Y Avg | - |
| QoQ Delta Op Mgn LTM | - |
| CFO/Rev LTM | 29.7% |
| CFO/Rev 3Y Avg | 25.3% |
| FCF/Rev LTM | 29.1% |
| FCF/Rev 3Y Avg | 24.5% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 5.7 |
| P/S | 1.7 |
| P/Op Inc | - |
| P/EBIT | 10.0 |
| P/E | 13.8 |
| P/CFO | 6.8 |
| Total Yield | 7.6% |
| Dividend Yield | 0.1% |
| FCF Yield 3Y Avg | 10.1% |
| D/E | 0.1 |
| Net D/E | -0.3 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -2.2% |
| 3M Rtn | -7.8% |
| 6M Rtn | -10.3% |
| 12M Rtn | -13.9% |
| 3Y Rtn | 28.7% |
| 1M Excs Rtn | -7.7% |
| 3M Excs Rtn | -19.4% |
| 6M Excs Rtn | -22.2% |
| 12M Excs Rtn | -43.3% |
| 3Y Excs Rtn | -51.3% |
Price Behavior
Price Behavior
| Market Price | $20.65 | |
| Market Cap ($ Bil) | 1.0 | |
| First Trading Date | 06/11/2025 | |
| Distance from 52W High | -16.3% | |
| 50 Days | 200 Days | |
| DMA Price | $22.66 | $22.67 |
| DMA Trend | indeterminate | indeterminate |
| Distance from DMA | -8.9% | -8.9% |
| 3M | 1YR | |
| Volatility | 38.9% | 48.6% |
| Downside Capture | 78.90 | 63.90 |
| Upside Capture | 38.20 | 23.17 |
| Correlation (SPY) | 19.0% | -3.0% |
ASIC Betas & Captures as of 4/30/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.35 | 0.75 | 0.84 | 0.59 | -6324.03 | -1320.63 |
| Up Beta | 0.89 | 0.58 | 0.52 | 1.02 | 0.59 | 0.11 |
| Down Beta | 2.49 | 0.23 | 0.41 | 0.31 | 21660.87 | 5655.37 |
| Up Capture | 69% | 51% | 135% | 46% | 13% | 1% |
| Bmk +ve Days | 15 | 22 | 31 | 66 | 141 | 428 |
| Stock +ve Days | 11 | 18 | 30 | 58 | 103 | 103 |
| Down Capture | 469% | 134% | 74% | 50% | -3788094% | -1938653% |
| Bmk -ve Days | 4 | 18 | 30 | 56 | 108 | 321 |
| Stock -ve Days | 11 | 24 | 33 | 66 | 116 | 116 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ASIC | |
|---|---|---|---|---|
| ASIC | -20.2% | 48.5% | -0.35 | - |
| Sector ETF (XLF) | 4.9% | 14.5% | 0.11 | 20.0% |
| Equity (SPY) | 29.5% | 12.0% | 1.86 | 8.0% |
| Gold (GLD) | 35.5% | 26.8% | 1.11 | 0.3% |
| Commodities (DBC) | 42.9% | 18.7% | 1.77 | -12.5% |
| Real Estate (VNQ) | 15.2% | 13.1% | 0.82 | 15.6% |
| Bitcoin (BTCUSD) | -29.5% | 41.7% | -0.73 | -1.1% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ASIC | |
|---|---|---|---|---|
| ASIC | -4.4% | 48.5% | -0.35 | - |
| Sector ETF (XLF) | 8.4% | 18.6% | 0.33 | 20.0% |
| Equity (SPY) | 14.0% | 17.0% | 0.64 | 8.0% |
| Gold (GLD) | 18.8% | 18.0% | 0.85 | 0.3% |
| Commodities (DBC) | 10.4% | 19.4% | 0.42 | -12.5% |
| Real Estate (VNQ) | 3.8% | 18.8% | 0.10 | 15.6% |
| Bitcoin (BTCUSD) | 12.2% | 55.3% | 0.42 | -1.1% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ASIC | |
|---|---|---|---|---|
| ASIC | -2.2% | 48.5% | -0.35 | - |
| Sector ETF (XLF) | 12.9% | 22.1% | 0.53 | 20.0% |
| Equity (SPY) | 15.7% | 17.9% | 0.75 | 8.0% |
| Gold (GLD) | 13.0% | 16.0% | 0.67 | 0.3% |
| Commodities (DBC) | 7.8% | 17.9% | 0.35 | -12.5% |
| Real Estate (VNQ) | 5.5% | 20.7% | 0.23 | 15.6% |
| Bitcoin (BTCUSD) | 67.2% | 66.9% | 1.06 | -1.1% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 2/19/2026 | 23.6% | 29.6% | 10.6% |
| 8/14/2025 | -1.7% | 0.1% | -6.2% |
| SUMMARY STATS | |||
| # Positive | 1 | 2 | 1 |
| # Negative | 1 | 0 | 1 |
| Median Positive | 23.6% | 14.9% | 10.6% |
| Median Negative | -1.7% | -6.2% | |
| Max Positive | 23.6% | 29.6% | 10.6% |
| Max Negative | -1.7% | -6.2% | |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Schenk, Chris | See Remarks | Direct | Buy | 5052026 | 19.99 | 2,500 | 49,975 | 49,975 | Form |
| 2 | Cohen, Justin G | Chief Executive Officer | Direct | Buy | 10282025 | 19.41 | 5,200 | 100,938 | 100,938 | Form |
| 3 | Zimmer, Stuart J | See Footnote | Buy | 10012025 | 19.47 | 5,000 | 97,326 | 750,156,554 | Form | |
| 4 | Zimmer, Stuart J | See Footnote | Buy | 10012025 | 19.37 | 6,130 | 118,763 | 746,552,677 | Form | |
| 5 | Zimmer, Stuart J | See Footnote | Buy | 9292025 | 19.44 | 5,741 | 111,633 | 749,161,654 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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