American Integrity Insurance Group, Inc. (NYSE:AII) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of American Integrity Insurance Group, Inc. (NYSE:AIIGet Free Report) have been assigned an average recommendation of “Moderate Buy” from the six ratings firms that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating and five have issued a buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $26.75.

Several research firms recently commented on AII. Citigroup restated an “outperform” rating on shares of American Integrity Insurance Group in a research report on Wednesday, May 13th. Citizens Jmp reduced their price target on American Integrity Insurance Group from $28.00 to $25.00 and set a “market outperform” rating for the company in a research report on Wednesday, May 13th. Weiss Ratings raised American Integrity Insurance Group from a “sell (d-)” rating to a “sell (d)” rating in a research note on Monday, June 1st. Finally, Keefe, Bruyette & Woods lowered their price target on American Integrity Insurance Group from $28.00 to $27.00 and set an “outperform” rating on the stock in a report on Tuesday, April 7th.

View Our Latest Stock Report on American Integrity Insurance Group

Insider Activity at American Integrity Insurance Group

In related news, Director Steven B. Mathis purchased 3,000 shares of American Integrity Insurance Group stock in a transaction dated Tuesday, May 26th. The stock was bought at an average cost of $16.82 per share, with a total value of $50,460.00. Following the purchase, the director owned 6,126 shares in the company, valued at approximately $103,039.32. The trade was a 95.97% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Steven E. Smathers purchased 2,900 shares of American Integrity Insurance Group stock in a transaction dated Friday, May 22nd. The stock was bought at an average cost of $16.99 per share, with a total value of $49,271.00. Following the completion of the purchase, the director owned 177,827 shares in the company, valued at approximately $3,021,280.73. This trade represents a 1.66% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders purchased 142,256 shares of company stock worth $2,400,973 in the last 90 days. Corporate insiders own 16.40% of the company’s stock.

Institutional Investors Weigh In On American Integrity Insurance Group

Institutional investors have recently added to or reduced their stakes in the company. NewEdge Advisors LLC acquired a new position in shares of American Integrity Insurance Group during the 4th quarter valued at $33,000. New York State Common Retirement Fund acquired a new stake in shares of American Integrity Insurance Group in the fourth quarter valued at $42,000. Police & Firemen s Retirement System of New Jersey boosted its stake in American Integrity Insurance Group by 172.7% during the fourth quarter. Police & Firemen s Retirement System of New Jersey now owns 2,446 shares of the company’s stock valued at $51,000 after buying an additional 1,549 shares in the last quarter. JPMorgan Chase & Co. acquired a new position in American Integrity Insurance Group during the third quarter worth about $72,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in American Integrity Insurance Group during the third quarter worth about $83,000.

American Integrity Insurance Group Stock Up 0.7%

NYSE AII traded up $0.14 on Tuesday, hitting $18.87. The stock had a trading volume of 25,697 shares, compared to its average volume of 130,055. The company’s 50-day moving average is $17.80 and its two-hundred day moving average is $18.72. American Integrity Insurance Group has a one year low of $16.19 and a one year high of $26.36. The stock has a market cap of $369.58 million, a price-to-earnings ratio of 4.31 and a beta of -0.14.

American Integrity Insurance Group (NYSE:AIIGet Free Report) last released its quarterly earnings results on Tuesday, May 12th. The company reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.09. The company had revenue of $90.93 million for the quarter. American Integrity Insurance Group had a return on equity of 27.04% and a net margin of 27.56%. On average, sell-side analysts anticipate that American Integrity Insurance Group will post 2.73 earnings per share for the current year.

American Integrity Insurance Group Company Profile

(Get Free Report)

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.

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Analyst Recommendations for American Integrity Insurance Group (NYSE:AII)

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