American Integrity Insurance Group (NYSE:AII) Releases Quarterly Earnings Results, Beats Estimates By $0.77 EPS

American Integrity Insurance Group (NYSE:AII – Get Free Report) released its quarterly earnings results on Tuesday. The company reported $1.44 EPS for the quarter, topping the consensus estimate of $0.67 by $0.77, FiscalAI reports. American Integrity Insurance Group had a return on equity of 30.27% and a net margin of 26.64%. The business had revenue of $113.49 million during the quarter.

American Integrity Insurance Group Stock Performance

Shares of American Integrity Insurance Group stock opened at $29.59 on Thursday. The business has a 50-day simple moving average of $27.01 and a 200-day simple moving average of $21.23. American Integrity Insurance Group has a one year low of $16.19 and a one year high of $32.21. The company has a market cap of $579.82 million, a PE ratio of 5.61 and a beta of -0.17.

Analysts Set New Price Targets

AII has been the topic of several research reports. Raymond James Financial reissued an “outperform” rating on shares of American Integrity Insurance Group in a research note on Tuesday, October 6th. Citigroup reaffirmed an “outperform” rating on shares of American Integrity Insurance Group in a research report on Monday, October 12th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of American Integrity Insurance Group in a research report on Thursday, August 27th. 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 note on Monday, October 12th. Finally, Piper Sandler increased their price target on shares of American Integrity Insurance Group from $23.00 to $26.00 and gave the stock an “overweight” rating in a research report on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $29.00.

Check Out Our Latest Research Report on AII

Insiders Place Their Bets

In related news, CEO Robert Ritchie sold 26,436 shares of the firm’s stock in a transaction that occurred on Wednesday, October 14th. The shares were sold at an average price of $27.23, for a total value of $719,852.28. Following the sale, the chief executive officer owned 1,733,997 shares of the company’s stock, valued at $47,216,738.31. This trade represents a 1.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold a total of 417,614 shares of company stock valued at $11,063,303 over the last 90 days. 16.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in AII. GAMMA Investing LLC boosted its position in shares of American Integrity Insurance Group by 9,544.4% during the 3rd quarter. GAMMA Investing LLC now owns 1,736 shares of the company’s stock worth $43,000 after acquiring an additional 1,718 shares in the last quarter. NewEdge Advisors LLC lifted its position in shares of American Integrity Insurance Group by 156.2% during the 1st quarter. NewEdge Advisors LLC now owns 4,100 shares of the company’s stock worth $79,000 after buying an additional 2,500 shares during the last quarter. State of Wyoming acquired a new position in shares of American Integrity Insurance Group in the 1st quarter valued at $134,000. Deutsche Bank AG acquired a new position in shares of American Integrity Insurance Group in the 2nd quarter valued at $199,000. Finally, PDT Partners LLC acquired a new position in shares of American Integrity Insurance Group in the 2nd quarter valued at $216,000.

Trending Headlines about American Integrity Insurance Group

Here are a few of the latest headlines about AII:

  • Positive Sentiment: Citizens JMP raised its price target from $29 to $32 and maintained a “market outperform” rating, signaling confidence in further upside. Citizens JMP Issues Positive Forecast
  • Positive Sentiment: Zacks added AII to its Rank #1 (Strong Buy) lists, including momentum and value selections. These rankings may add to favorable investor sentiment, though they are not company-specific financial results. New Strong Buy Stocks for November 11th
  • Negative Sentiment: Coverage also flagged a rising expense ratio, which could temper the benefit of the earnings beat. The company expects $430 million–$440 million in reinsurance program costs, and its estimated losses from Isaias have increased to $35 million—risks to costs and profitability. Reinsurance Costs and Isaias Loss Estimate

About American Integrity Insurance Group

(Get Free Report)

American Integrity Insurance Group, Inc. is a property and casualty insurance holding company focused primarily on the Florida residential market. Its insurance products include coverage for homeowners, condominium unit owners, renters, manufactured homes and rental properties. The company was founded in 2006 and is headquartered in Tampa, Florida. It serves customers through independent insurance agents and operates through its insurance subsidiaries, including American Integrity Insurance Company of Florida.

See Also

Earnings History for American Integrity Insurance Group (NYSE:AII)

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