American Integrity Insurance Group, Inc. (NYSE:AII) Receives $26.50 Average Price Target from Analysts

Shares of American Integrity Insurance Group, Inc. (NYSE:AII) have earned a consensus recommendation of “Moderate Buy” from the six analysts that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $26.50.

AII has been the subject of a number of research reports. Weiss Ratings reiterated a “sell (d)” rating on shares of American Integrity Insurance Group in a research report on Thursday, August 27th. Citizens Jmp upped their price target on American Integrity Insurance Group from $25.00 to $26.00 and gave the stock a “market outperform” rating in a report on Wednesday, August 12th. Piper Sandler raised their price objective 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. Zacks Research raised American Integrity Insurance Group from a “hold” rating to a “strong-buy” rating in a report on Monday, August 17th. Finally, Raymond James Financial set a $27.00 target price on American Integrity Insurance Group in a report on Thursday, August 20th.

American Integrity Insurance Group Stock Up 0.5%

Shares of NYSE AII opened at $26.00 on Friday. American Integrity Insurance Group has a 52 week low of $16.19 and a 52 week high of $27.00. The firm has a 50-day moving average price of $23.28 and a 200 day moving average price of $20.10. The stock has a market capitalization of $509.36 million, a price-to-earnings ratio of 5.78 and a beta of -0.08.

American Integrity Insurance Group (NYSE:AII) last issued its earnings results on Tuesday, August 11th. The company reported $1.78 earnings per share 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 company had revenue of $115.17 million for the quarter. Equities research analysts expect that American Integrity Insurance Group will post 3.82 EPS for the current fiscal year.

Insider Activity at American Integrity Insurance Group

In related news, CEO Robert Ritchie sold 9,174 shares of the stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $25.92, for a total value of $237,790.08. Following the sale, the chief executive officer directly owned 1,883,997 shares of the company’s stock, valued at approximately $48,833,202.24. This represents a 0.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last 90 days, insiders have sold 474,598 shares of company stock valued at $11,513,818. 16.40% of the stock is owned by insiders.

Institutional Trading of American Integrity Insurance Group

Several institutional investors and hedge funds have recently modified their holdings of the business. Wasatch Advisors LP increased its stake 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 worth $23,729,000 after purchasing an additional 67,977 shares in the last quarter. BlackRock Inc. acquired a new position in shares of American Integrity Insurance Group during the 2nd quarter worth approximately $16,723,000. Freestone Grove Partners LP purchased a new stake in American Integrity Insurance Group in the 2nd quarter valued at approximately $9,251,000. Bank of America Corp DE lifted its stake in American Integrity Insurance Group by 0.8% in the 1st quarter. Bank of America Corp DE now owns 293,443 shares of the company’s stock valued at $5,658,000 after buying an additional 2,193 shares in the last quarter. Finally, FJ Capital Management LLC grew its holdings in American Integrity Insurance Group by 1,261.6% during the 4th quarter. FJ Capital Management LLC now owns 153,491 shares of the company’s stock valued at $3,197,000 after buying an additional 142,218 shares during the last quarter.

About American Integrity Insurance Group

American Integrity Insurance Group, Inc is a property and casualty insurance holding company that provides residential property insurance through its operating subsidiaries. The company focuses primarily on personal lines coverage for homeowners and other residential policyholders.

Its product offerings include homeowners insurance, condominium unit owners insurance, renters insurance, dwelling fire coverage and insurance for manufactured homes. These policies generally provide protection against covered property damage and related liabilities, subject to the terms, conditions and exclusions of each policy.

Founded in 2006, American Integrity serves customers in Florida, Georgia and South Carolina.