American Integrity Insurance Group (NYSE:AII) Hits New 1-Year High – Time to Buy?

American Integrity Insurance Group, Inc. (NYSE:AII – Get Free Report)’s share price hit a new 52-week high during mid-day trading on Thursday. The company traded as high as $28.25 and last traded at $27.9250, with a volume of 36,789 shares changing hands. The stock had previously closed at $27.55.

Analysts Set New Price Targets

Several research firms recently commented on AII. Keefe, Bruyette & Woods increased their target price on shares of American Integrity Insurance Group from $29.00 to $31.00 and gave the company an “outperform” rating in a report on Monday. Citigroup reissued an “outperform” rating on shares of American Integrity Insurance Group in a research note on Monday. Raymond James Financial restated an “outperform” rating on shares of American Integrity Insurance Group in a research report on Tuesday, October 6th. Citizens Jmp upped their price target on shares of American Integrity Insurance Group from $26.00 to $29.00 and gave the company a “market outperform” rating in a research report on Monday. Finally, Wall Street Zen raised American Integrity Insurance Group from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. 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 company. According to MarketBeat.com, American Integrity Insurance Group currently has an average rating of “Moderate Buy” and a consensus target price of $28.25.

Check Out Our Latest Analysis on American Integrity Insurance Group

American Integrity Insurance Group Trading Up 0.6%

The firm has a market capitalization of $543.08 million, a PE ratio of 6.15 and a beta of 0.02. The stock has a 50 day simple moving average of $25.38 and a 200 day simple moving average of $20.86.

American Integrity Insurance Group (NYSE:AII – Get Free Report) last issued its 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 net margin of 26.20% and a return on equity of 26.74%. The firm had revenue of $115.17 million for the quarter. As a group, equities analysts anticipate that American Integrity Insurance Group, Inc. will post 4.02 earnings per share for the current year.

Insider Buying and Selling

In other American Integrity Insurance Group news, CEO Robert Ritchie sold 50,700 shares of the stock in a transaction on Tuesday, October 13th. The shares were sold at an average price of $27.41, for a total transaction of $1,389,687.00. Following the completion of the sale, the chief executive officer owned 1,760,433 shares of the company’s stock, valued at $48,253,468.53. This represents a 2.80% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In the last three months, insiders have sold 598,162 shares of company stock worth $14,879,357. Corporate insiders own 16.40% of the company’s stock.

Hedge Funds Weigh In On American Integrity Insurance Group

Hedge funds and other institutional investors have recently modified their holdings of the company. GAMMA Investing LLC boosted its holdings in shares of American Integrity Insurance Group by 9,544.4% during the third quarter. GAMMA Investing LLC now owns 1,736 shares of the company’s stock worth $43,000 after purchasing an additional 1,718 shares during the period. Hsbc Holdings PLC grew its stake in shares of American Integrity Insurance Group by 88.5% in the second quarter. Hsbc Holdings PLC now owns 22,949 shares of the company’s stock worth $439,000 after purchasing an additional 10,775 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of American Integrity Insurance Group in the second quarter worth about $272,000. Bank of America Corp DE purchased a new position in American Integrity Insurance Group during the 2nd quarter valued at about $3,942,000. Finally, Freestone Grove Partners LP purchased a new position in American Integrity Insurance Group during the 2nd quarter valued at about $9,251,000.

American Integrity Insurance Group Company Profile

(Get Free Report)

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.

Further Reading

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