American Integrity Insurance Group, Inc. (NYSE:AII – Get Free Report) shares saw unusually-high trading volume on Monday after Citizens Jmp raised their price target on the stock from $26.00 to $29.00. Citizens Jmp currently has a market outperform rating on the stock. Approximately 115,193 shares traded hands during trading, a decline of 19% from the previous session’s volume of 142,057 shares. The stock last traded at $27.1050 and had previously closed at $26.77.
Several other equities research analysts have also recently commented on AII. Keefe, Bruyette & Woods boosted their price target on shares of American Integrity Insurance Group from $29.00 to $31.00 and gave the stock an “outperform” rating in a research report on Monday. Wall Street Zen raised shares of American Integrity Insurance Group from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. Citigroup reaffirmed an “outperform” rating on shares of American Integrity Insurance Group in a research note on Monday. Raymond James Financial reiterated an “outperform” rating on shares of American Integrity Insurance Group in a report on Tuesday, October 6th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of American Integrity Insurance Group in a report on Thursday, August 27th. One research 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 company’s stock. Based on data from MarketBeat, American Integrity Insurance Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $28.25.
Insider Activity at American Integrity Insurance Group
Hedge Funds Weigh In On American Integrity Insurance Group
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Wasatch Advisors LP raised its holdings in shares of American Integrity Insurance Group by 5.7% during the second quarter. Wasatch Advisors LP now owns 1,260,169 shares of the company’s stock valued at $23,729,000 after acquiring an additional 67,977 shares during the period. BlackRock Inc. purchased a new stake in shares of American Integrity Insurance Group in the 2nd quarter valued at approximately $16,723,000. Freestone Grove Partners LP acquired a new position in American Integrity Insurance Group in the 2nd quarter worth approximately $9,251,000. Bank of America Corp DE boosted 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 worth $5,658,000 after purchasing an additional 2,193 shares during the period. Finally, Algert Global LLC acquired a new position in American Integrity Insurance Group in the 2nd quarter worth approximately $2,925,000.
American Integrity Insurance Group Stock Performance
The stock has a market cap of $530.20 million, a price-to-earnings ratio of 6.01 and a beta of 0.02. The business’s 50 day moving average is $25.12 and its 200 day moving average is $20.74.
American Integrity Insurance Group (NYSE:AII – Get Free Report) last announced its earnings results on Tuesday, August 11th. The company reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.97. The company had revenue of $115.17 million for the quarter. American Integrity Insurance Group had a net margin of 26.20% and a return on equity of 26.74%. Research analysts expect that American Integrity Insurance Group, Inc. will post 3.82 earnings per share for the current year.
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.
Featured Articles
- Five stocks we like better than American Integrity Insurance Group
- Salesforce Just Got a Rare Double Upgrade—What Changed?
- OpenAI’s Revenue Scare Could Be a Big Opportunity for Investors
- China Still Dominates Rare Earths—These 3 U.S. Companies Could Benefit
- 3 REITs That May Win in a Higher Interest Rate Environment
Receive News & Ratings for American Integrity Insurance Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Integrity Insurance Group and related companies with MarketBeat.com's FREE daily email newsletter.
