American Integrity Insurance Group, Inc.’s (NYSE:AII) Quiet Period Set To Expire Tomorrow

American Integrity Insurance Group’s (NYSE:AII) quiet period is set to end on Tuesday, June 17th. American Integrity Insurance Group had issued 6,875,000 shares in its public offering on May 8th. The total size of the offering was $110,000,000 based on an initial share price of $16.00. During the company’s quiet period, underwriters and any insiders that worked on the IPO are restricted from issuing any research reports or earnings estimates for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Analyst Ratings Changes

AII has been the topic of several research analyst reports. Citizens Jmp assumed coverage on American Integrity Insurance Group in a research note on Monday, June 2nd. They issued an “outperform” rating and a $23.00 price objective on the stock. Oppenheimer initiated coverage on American Integrity Insurance Group in a report on Monday, June 2nd. They set a “market perform” rating on the stock. William Blair initiated coverage on American Integrity Insurance Group in a research report on Friday, June 6th. They issued an “outperform” rating for the company. Piper Sandler initiated coverage on American Integrity Insurance Group in a research report on Monday, June 2nd. They issued an “overweight” rating and a $20.00 target price for the company. Finally, JMP Securities set a $23.00 price objective on American Integrity Insurance Group and gave the company an “outperform” rating in a research report on Monday, June 2nd. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $21.50.

American Integrity Insurance Group Stock Up 2.8%

Shares of AII stock opened at $16.44 on Monday. American Integrity Insurance Group has a 1 year low of $15.77 and a 1 year high of $19.45.

American Integrity Insurance Group (NYSE:AII) last posted its quarterly earnings data on Monday, June 9th. The company reported $292.05 EPS for the quarter, topping analysts’ consensus estimates of $1.92 by $290.13. The firm had revenue of $71.87 million during the quarter, compared to the consensus estimate of $71.89 million.

American Integrity Insurance Group Company Profile

We are a profitable and growing insurance group headquartered in Tampa, Florida. Through our insurance carrier subsidiary, American Integrity Insurance Company of Florida, Inc (“AIICFL”), we provide personal residential property insurance for single-family homeowners and condominium owners as well as coverage for vacant dwellings and investment properties, predominantly in Florida.