American Integrity Insurance Group, Inc. (NYSE:AII) Sees Large Growth in Short Interest

American Integrity Insurance Group, Inc. (NYSE:AII) was the recipient of a large increase in short interest in the month of March. As of March 13th, there was short interest totaling 118,026 shares, an increase of 70.8% from the February 26th total of 69,121 shares. Based on an average daily volume of 183,244 shares, the short-interest ratio is presently 0.6 days. Currently, 0.6% of the shares of the company are sold short.

Analysts Set New Price Targets

AII has been the topic of several analyst reports. Keefe, Bruyette & Woods dropped their price target on shares of American Integrity Insurance Group from $29.00 to $28.00 and set an “outperform” rating on the stock in a research report on Monday, March 9th. Weiss Ratings reissued a “sell (e+)” rating on shares of American Integrity Insurance Group in a research note on Wednesday, January 21st. Raymond James Financial set a $28.00 target price on American Integrity Insurance Group in a research report on Friday, January 16th. Finally, Citigroup restated a “market outperform” rating on shares of American Integrity Insurance Group in a research note on Friday, January 16th. Six analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $27.75.

American Integrity Insurance Group Stock Performance

American Integrity Insurance Group stock traded down $0.36 during trading on Friday, reaching $18.66. The company had a trading volume of 116,814 shares, compared to its average volume of 145,993. The firm’s 50-day simple moving average is $18.86 and its 200 day simple moving average is $20.71. American Integrity Insurance Group has a 1-year low of $15.77 and a 1-year high of $26.36. The firm has a market capitalization of $365.34 million and a PE ratio of 3.51.

American Integrity Insurance Group (NYSE:AII) last posted its quarterly earnings data on Tuesday, February 24th. The company reported $1.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.32. The company had revenue of $68.07 million during the quarter. American Integrity Insurance Group had a net margin of 36.03% and a return on equity of 36.87%.

American Integrity Insurance Group Announces Dividend

The business also recently declared a special dividend, which will be paid on Monday, March 30th. Investors of record on Monday, March 16th will be paid a $1.02 dividend. The ex-dividend date of this dividend is Monday, March 16th.

Institutional Investors Weigh In On American Integrity Insurance Group

Several large investors have recently bought and sold shares of AII. Strs Ohio acquired a new position in shares of American Integrity Insurance Group during the third quarter valued at approximately $33,000. NewEdge Advisors LLC purchased a new position in shares of American Integrity Insurance Group in the fourth quarter valued at approximately $33,000. New York State Common Retirement Fund acquired a new stake in shares of American Integrity Insurance Group in the fourth quarter worth approximately $42,000. Police & Firemen s Retirement System of New Jersey increased its position in shares of American Integrity Insurance Group by 172.7% during the fourth quarter. Police & Firemen s Retirement System of New Jersey now owns 2,446 shares of the company’s stock worth $51,000 after purchasing an additional 1,549 shares in the last quarter. Finally, JPMorgan Chase & Co. acquired a new position in American Integrity Insurance Group in the 3rd quarter valued at $72,000.

American Integrity Insurance Group Company Profile

American Integrity Insurance Group, Ltd. is a specialized provider of personal lines residential property insurance based in Jacksonville Beach, Florida. The company underwrites a variety of policies including homeowners multiple peril, condominium unitowners, dwelling fire, wind-only, personal umbrella and renters insurance. Its product suite is designed to protect against hurricane, windstorm, hail and other weather-related risks common to Florida’s coastal and inland regions.

Founded in 2004, American Integrity operates primarily through a network of independent insurance agents across the state of Florida.