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John Langton Sennott Jr., a director at Ategrity Specialty Insurance Co Holdings (NASDAQ:ASIC), has acquired 29,400 shares of the company’s common stock. The transaction, dated June 12, 2025, was executed at a price of $17 per share, amounting to a total purchase value of $499,800. The shares now trade at $23.50, representing a 38% premium to the director’s purchase price. According to InvestingPro, the company maintains strong financial health with a GOOD overall score and shows solid liquidity metrics.
In addition to this purchase, Sennott also acquired 2,941 restricted stock units on June 11, 2025. These units were granted at no cost and will vest in equal installments over the next three years. Following these transactions, Sennott holds a total of 29,400 shares of common stock directly in the $1.11 billion market cap company. InvestingPro analysis reveals 4 additional investment tips and extensive financial metrics that could help investors make informed decisions about ASIC.
In other recent news, Ategrity Specialty Insurance Company Holdings made a notable entrance on the New York Stock Exchange. The company began trading at $23.65 per share following its initial public offering, which was priced at $17.00 per share. This IPO involved the issuance of 6,666,667 shares of common stock, expected to generate $113.3 million in gross proceeds before accounting for underwriting discounts, commissions, and estimated offering expenses. Additionally, Ategrity has given underwriters a 30-day option to purchase up to an extra 1,000,000 shares at the IPO price, minus underwriting discounts and commissions. J.P. Morgan and Barclays (LON:BARC) are leading the offering as joint lead bookrunning managers and are acting as representatives of the underwriters. These developments mark significant steps for Ategrity Specialty Insurance Company Holdings as it enters the public market.
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