American Integrity Insurance Group (NYSE:AII) Price Target Raised to $31.00

American Integrity Insurance Group (NYSE:AII) had its price target increased by Keefe, Bruyette & Woods from $29.00 to $31.00 in a research note issued to investors on Monday,Benzinga reports. They currently have an outperform rating on the stock.

Several other brokerages also recently issued reports on AII. Zacks Research raised shares of American Integrity Insurance Group from a “hold” rating to a “strong-buy” rating in a report on Monday, August 17th. Wall Street Zen raised shares of American Integrity Insurance Group from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Weiss Ratings reiterated a “sell (d)” rating on shares of American Integrity Insurance Group in a research report on Thursday, August 27th. Piper Sandler boosted their target price on shares of 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. Finally, Raymond James Financial reissued an “outperform” rating on shares of American Integrity Insurance Group in a research note on Tuesday, October 6th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, American Integrity Insurance Group presently has an average rating of “Moderate Buy” and a consensus target price of $28.25.

American Integrity Insurance Group Trading Down 0.3%

NYSE:AII opened at $27.41 on Monday. The stock has a 50 day moving average of $25.38 and a 200-day moving average of $20.86. The firm has a market capitalization of $536.98 million, a PE ratio of 5.94 and a beta of 0.02. American Integrity Insurance Group has a 52 week low of $16.19 and a 52 week high of $27.86.

American Integrity Insurance Group (NYSE:AII) last announced its quarterly earnings results 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 return on equity of 26.74% and a net margin of 26.20%. The business had revenue of $115.17 million for the quarter. As a group, analysts predict that American Integrity Insurance Group will post 4.02 EPS for the current fiscal year.

Insider Transactions at American Integrity Insurance Group

In other American Integrity Insurance Group news, CEO Robert Ritchie sold 69,727 shares of the firm’s stock in a transaction dated Monday, October 12th. The shares were sold at an average price of $27.12, for a total transaction of $1,890,996.24. Following the transaction, the chief executive officer owned 1,811,133 shares of the company’s stock, valued at approximately $49,117,926.96. This trade represents a 3.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last three months, insiders have sold 598,162 shares of company stock valued at $14,879,357. Corporate insiders own 16.40% of the company’s stock.

Institutional Trading of American Integrity Insurance Group

A number of institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC boosted 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 acquiring an additional 1,718 shares in the last quarter. NewEdge Advisors LLC increased its stake in shares of American Integrity Insurance Group by 156.2% during the first quarter. NewEdge Advisors LLC now owns 4,100 shares of the company’s stock valued at $79,000 after acquiring an additional 2,500 shares during the period. State of Wyoming bought a new stake in American Integrity Insurance Group during the first quarter worth approximately $134,000. Deutsche Bank AG acquired a new stake in American Integrity Insurance Group in the second quarter worth approximately $199,000. Finally, PDT Partners LLC acquired a new stake in American Integrity Insurance Group in the second quarter worth approximately $216,000.

Key Headlines Impacting American Integrity Insurance Group

Here are the key news stories impacting American Integrity Insurance Group this week:

• Positive Sentiment: Zacks named AII a Strong Buy value stock. The inclusion on Zacks’ Rank #1 value list highlights the company’s low valuation and potentially attractive earnings outlook. AII trades at roughly 6 times earnings, while analysts expect about $3.82 in earnings per share for the current year. Best Value Stocks to Buy for October 14th
• Positive Sentiment: Analyst sentiment and institutional interest remain constructive. Recent coverage cited price-target increases from Keefe, Bruyette & Woods and Citizens JMP, while BlackRock and other institutions established positions during the second quarter. The average analyst price target is approximately $28.25, modestly above the referenced trading level.
• Neutral Sentiment: Momentum is strong, but valuation expectations are becoming more demanding. AII remains close to its 52-week high and trades well above its 50-day and 200-day moving averages. Its latest quarterly results were strong, with EPS of $1.78 versus an $0.81 consensus estimate, but the stock’s proximity to its high leaves less room for disappointing results.
• Negative Sentiment: CEO Robert Ritchie sold a substantial amount of stock. He sold a combined 123,564 shares from October 9 through October 13 for approximately $3.37 million, reducing his direct ownership by about 6.7%. Although he still owns roughly 1.76 million shares, the cluster of sales could raise concerns about insider confidence or near-term valuation and may weigh on the stock. American Integrity Insurance Group CEO Insider Transactions

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.