American Integrity Insurance Group (NYSE:AII) Hits New 52-Week High – Time to Buy?

American Integrity Insurance Group, Inc. (NYSE:AII) shares hit a new 52-week high during trading on Wednesday. The stock traded as high as $29.19 and last traded at $28.9440, with a volume of 198,169 shares traded. The stock had previously closed at $27.98.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on AII. Weiss Ratings reissued a “sell (d)” rating on shares of American Integrity Insurance Group in a research report on Thursday, August 27th. Keefe, Bruyette & Woods raised their price target on American Integrity Insurance Group from $29.00 to $31.00 and gave the company an “outperform” rating in a research report on Monday, October 12th. Zacks Research upgraded American Integrity Insurance Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 17th. Citizens Jmp boosted their price objective on American Integrity Insurance Group from $26.00 to $29.00 and gave the stock a “market outperform” rating in a research report on Monday, October 12th. Finally, Piper Sandler increased their target price on American Integrity Insurance Group from $23.00 to $26.00 and gave the company an “overweight” rating in a research note on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, American Integrity Insurance Group has a consensus rating of “Moderate Buy” and an average target price of $28.25.

American Integrity Insurance Group Stock Up 3.4%

The company has a market capitalization of $567.01 million, a P/E ratio of 6.04 and a beta of 0.02. The firm has a 50-day moving average price of $25.96 and a two-hundred day moving average price of $21.12.

American Integrity Insurance Group (NYSE:AII) last announced its quarterly earnings data on Tuesday, August 11th. The company reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.97. American Integrity Insurance Group had a net margin of 26.20% and a return on equity of 26.74%. The business had revenue of $115.17 million for the quarter. On average, analysts predict that American Integrity Insurance Group, Inc. will post 4.02 EPS for the current fiscal year.

Insiders Place Their Bets

In other American Integrity Insurance Group news, CEO Robert Ritchie sold 26,436 shares of the firm’s stock in a transaction on Wednesday, October 14th. The shares were sold at an average price of $27.23, for a total value of $719,852.28. Following the sale, the chief executive officer directly owned 1,733,997 shares in the company, valued at $47,216,738.31. This trade represents a 1.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last ninety days, insiders have sold 624,598 shares of company stock valued at $15,599,210. 16.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC raised its position in shares of American Integrity Insurance Group by 9,544.4% during the third quarter. GAMMA Investing LLC now owns 1,736 shares of the company’s stock valued at $43,000 after buying an additional 1,718 shares during the last quarter. NewEdge Advisors LLC grew its position in American Integrity Insurance Group by 156.2% during the first quarter. NewEdge Advisors LLC now owns 4,100 shares of the company’s stock worth $79,000 after buying an additional 2,500 shares in the last quarter. State of Wyoming acquired a new stake in American Integrity Insurance Group during the first quarter worth about $134,000. Deutsche Bank AG acquired a new stake in American Integrity Insurance Group during the second quarter worth about $199,000. Finally, PDT Partners LLC bought a new position in American Integrity Insurance Group during the second quarter valued at about $216,000.

American Integrity Insurance Group Company Profile

American Integrity Insurance Group, Inc is an insurance company focused on residential property coverage in catastrophe-exposed markets. Through its insurance subsidiaries, the company primarily serves homeowners and other residential policyholders, with an emphasis on providing protection against risks such as wind, hurricanes and other property-related losses.

Its product offerings include homeowners insurance and related personal-lines products for owner-occupied residences, condominium unit owners, renters and other residential properties.