American Integrity Insurance Group (NYSE:AII) Given New $29.00 Price Target at Citizens Jmp

American Integrity Insurance Group (NYSE:AII) had its price target raised by Citizens Jmp from $26.00 to $29.00 in a report issued on Monday,Benzinga reports. They currently have a market outperform rating on the stock.

AII has been the topic of a number of other research reports. Wall Street Zen raised American Integrity Insurance Group from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Raymond James Financial reiterated an “outperform” rating on shares of American Integrity Insurance Group in a research report on Tuesday, October 6th. Zacks Research raised American Integrity Insurance Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 17th. Weiss Ratings reissued a “sell (d)” rating on shares of American Integrity Insurance Group in a research note on Thursday, August 27th. Finally, Piper Sandler raised their target price on shares of American Integrity Insurance Group from $23.00 to $26.00 and gave the stock an “overweight” rating in a report on Thursday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $28.25.

American Integrity Insurance Group Stock Up 1.1%

AII opened at $27.07 on Monday. The stock has a market cap of $530.20 million, a P/E ratio of 6.01 and a beta of 0.02. American Integrity Insurance Group has a 12 month low of $16.19 and a 12 month high of $27.86. The company has a fifty day simple moving average of $25.12 and a 200 day simple moving average of $20.74.

American Integrity Insurance Group (NYSE:AII) last posted 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 return on equity of 26.74% and a net margin of 26.20%. The firm had revenue of $115.17 million for the quarter. On average, equities research analysts expect that American Integrity Insurance Group will post 3.82 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Robert Ritchie sold 9,174 shares of the company’s stock in a transaction on Monday, August 31st. The shares were sold at an average price of $25.92, for a total value of $237,790.08. Following the completion of the transaction, 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last quarter, insiders have sold 474,598 shares of company stock valued at $11,513,818. Insiders own 16.40% of the company’s stock.

Institutional Trading of American Integrity Insurance Group

Several hedge funds and other institutional investors have recently modified their holdings of AII. GAMMA Investing LLC lifted its holdings in shares of American Integrity Insurance Group by 9,544.4% in the third quarter. GAMMA Investing LLC now owns 1,736 shares of the company’s stock valued at $43,000 after purchasing an additional 1,718 shares in the last quarter. Hsbc Holdings PLC boosted its position in shares of American Integrity Insurance Group by 88.5% during the second quarter. Hsbc Holdings PLC now owns 22,949 shares of the company’s stock worth $439,000 after buying an additional 10,775 shares during the period. Public Employees Retirement System of Ohio bought a new position in shares of American Integrity Insurance Group during the second quarter worth about $272,000. Bank of America Corp DE bought a new position in shares of American Integrity Insurance Group during the second quarter worth about $3,942,000. Finally, Freestone Grove Partners LP bought a new position in shares of American Integrity Insurance Group during the second quarter worth about $9,251,000.

About American Integrity Insurance Group

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.