American Integrity Insurance Group, Inc. (NYSE:AII) Short Interest Update

American Integrity Insurance Group, Inc. (NYSE:AII) was the target of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 309,442 shares, an increase of 71.7% from the June 30th total of 180,264 shares. Approximately 1.9% of the shares of the company are short sold. Based on an average daily volume of 83,105 shares, the short-interest ratio is currently 3.7 days.

Analyst Ratings Changes

Several analysts recently weighed in on AII shares. Citizens Jmp cut their price objective on shares of American Integrity Insurance Group from $28.00 to $25.00 and set a “market outperform” rating on the stock in a research report on Wednesday, May 13th. Weiss Ratings upgraded shares of American Integrity Insurance Group from a “sell (d-)” rating to a “sell (d)” rating in a research note on Monday, June 1st. Keefe, Bruyette & Woods cut their price target on American Integrity Insurance Group from $28.00 to $27.00 and set an “outperform” rating on the stock in a report on Tuesday, April 7th. Piper Sandler boosted their price objective on American Integrity Insurance Group from $20.00 to $23.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 15th. Finally, Citigroup reissued an “outperform” rating on shares of American Integrity Insurance Group in a report on Wednesday, May 13th. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, American Integrity Insurance Group currently has an average rating of “Moderate Buy” and a consensus target price of $25.75.

Insider Activity at American Integrity Insurance Group

In related news, Director Steven B. Mathis bought 3,000 shares of the business’s stock in a transaction on Tuesday, May 26th. The shares were bought at an average cost of $16.82 per share, for a total transaction of $50,460.00. Following the completion of the purchase, the director owned 6,126 shares of the company’s stock, valued at $103,039.32. This represents a 95.97% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder James E. Sowell purchased 79,497 shares of American Integrity Insurance Group stock in a transaction dated Tuesday, June 9th. The shares were purchased at an average cost of $16.85 per share, with a total value of $1,339,524.45. Following the acquisition, the insider owned 4,610,180 shares of the company’s stock, valued at approximately $77,681,533. This trade represents a 1.75% increase in their position. The SEC filing for this purchase provides additional information. Insiders purchased 142,256 shares of company stock worth $2,400,973 in the last 90 days. 16.40% of the stock is currently owned by company insiders.

Institutional Trading of American Integrity Insurance Group

Several institutional investors have recently modified their holdings of AII. Franklin Resources Inc. grew its holdings in American Integrity Insurance Group by 1,840.0% during the third quarter. Franklin Resources Inc. now owns 2,988,329 shares of the company’s stock worth $66,670,000 after acquiring an additional 2,834,289 shares during the period. Wasatch Advisors LP boosted its position in shares of American Integrity Insurance Group by 5.7% during the 2nd quarter. Wasatch Advisors LP now owns 1,260,169 shares of the company’s stock valued at $23,729,000 after purchasing an additional 67,977 shares in the last quarter. Boston Partners grew its stake in shares of American Integrity Insurance Group by 9.3% in the 4th quarter. Boston Partners now owns 1,191,145 shares of the company’s stock worth $24,809,000 after purchasing an additional 101,365 shares during the last quarter. Mink Brook Asset Management LLC grew its stake in shares of American Integrity Insurance Group by 35.5% in the 4th quarter. Mink Brook Asset Management LLC now owns 648,405 shares of the company’s stock worth $13,506,000 after purchasing an additional 169,932 shares during the last quarter. Finally, Balyasny Asset Management L.P. bought a new stake in shares of American Integrity Insurance Group in the 2nd quarter worth approximately $10,409,000.

American Integrity Insurance Group Trading Up 0.1%

AII stock opened at $20.29 on Friday. The firm’s 50-day moving average is $18.02 and its two-hundred day moving average is $18.54. The company has a market capitalization of $397.48 million, a price-to-earnings ratio of 4.63 and a beta of -0.14. American Integrity Insurance Group has a 52 week low of $16.19 and a 52 week high of $26.36.

American Integrity Insurance Group (NYSE:AII) last posted its quarterly earnings data on Tuesday, May 12th. The company reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.09. American Integrity Insurance Group had a net margin of 27.56% and a return on equity of 27.04%. The business had revenue of $90.93 million for the quarter. On average, equities research analysts predict that American Integrity Insurance Group will post 2.73 earnings per share for the current year.

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.