American Integrity Insurance Group, Inc. (NYSE:AII) Sees Significant Growth in Short Interest

American Integrity Insurance Group, Inc. (NYSE:AII) was the recipient of a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 194,136 shares, a growth of 127.7% from the December 15th total of 85,248 shares. Currently, 1.0% of the shares of the company are short sold. Based on an average daily trading volume, of 150,590 shares, the short-interest ratio is presently 1.3 days. Based on an average daily trading volume, of 150,590 shares, the short-interest ratio is presently 1.3 days. Currently, 1.0% of the shares of the company are short sold.

American Integrity Insurance Group Trading Down 0.6%

AII stock traded down $0.12 during trading on Wednesday, hitting $19.14. The company had a trading volume of 13,296 shares, compared to its average volume of 101,522. American Integrity Insurance Group has a one year low of $15.77 and a one year high of $26.36. The business has a 50-day moving average of $21.23 and a 200-day moving average of $20.53. The stock has a market cap of $374.76 million and a PE ratio of 4.25.

American Integrity Insurance Group (NYSE:AII) last announced its earnings results on Wednesday, November 12th. The company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.61 by $0.10. The company had revenue of $62.03 million for the quarter. American Integrity Insurance Group had a return on equity of 37.99% and a net margin of 31.63%.

Analyst Upgrades and Downgrades

AII has been the subject of several research analyst reports. Citizens Jmp boosted their price objective on shares of American Integrity Insurance Group from $26.00 to $28.00 and gave the company a “market outperform” rating in a research report on Monday, November 17th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of American Integrity Insurance Group in a research note on Wednesday, October 8th. JMP Securities increased their target price on American Integrity Insurance Group from $23.00 to $26.00 and gave the company a “market outperform” rating in a research report on Tuesday, October 14th. Citigroup reaffirmed an “outperform” rating on shares of American Integrity Insurance Group in a research note on Tuesday, October 14th. Finally, Raymond James Financial reiterated an “outperform” rating and set a $24.00 target price (up from $22.00) on shares of American Integrity Insurance Group in a research report on Monday, September 22nd. Seven analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, American Integrity Insurance Group currently has an average rating of “Moderate Buy” and a consensus price target of $26.80.

Insider Activity

In other American Integrity Insurance Group news, CEO Robert C. Ritchie sold 59,554 shares of the firm’s stock in a transaction on Friday, December 5th. The stock was sold at an average price of $19.00, for a total transaction of $1,131,526.00. Following the completion of the sale, the chief executive officer owned 2,417,212 shares of the company’s stock, valued at $45,927,028. This trade represents a 2.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Steven E. Smathers sold 171,800 shares of the stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $19.00, for a total transaction of $3,264,200.00. Following the completion of the transaction, the director directly owned 173,414 shares in the company, valued at approximately $3,294,866. This represents a 49.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 3,354,591 shares of company stock valued at $63,737,229 over the last three months.

Institutional Investors Weigh In On American Integrity Insurance Group

Large investors have recently bought and sold shares of the stock. Strs Ohio purchased a new position in shares of American Integrity Insurance Group in the 3rd quarter worth about $33,000. FNY Investment Advisers LLC bought a new position in shares of American Integrity Insurance Group during the 2nd quarter valued at approximately $45,000. JPMorgan Chase & Co. bought a new stake in shares of American Integrity Insurance Group in the 3rd quarter worth approximately $72,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of American Integrity Insurance Group in the 3rd quarter worth approximately $83,000. Finally, Raymond James Financial Inc. purchased a new position in American Integrity Insurance Group in the second quarter valued at approximately $101,000.

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.