FJ Capital Management LLC grew its position in shares of American Integrity Insurance Group, Inc. (NYSE:AII – Free Report) by 1,261.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 153,491 shares of the company’s stock after purchasing an additional 142,218 shares during the quarter. FJ Capital Management LLC’s holdings in American Integrity Insurance Group were worth $3,197,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently added to or reduced their stakes in the business. Franklin Resources Inc. boosted its holdings in shares of American Integrity Insurance Group by 1,840.0% in the third quarter. Franklin Resources Inc. now owns 2,988,329 shares of the company’s stock valued at $66,670,000 after acquiring an additional 2,834,289 shares in the last quarter. Wasatch Advisors LP purchased a new position in American Integrity Insurance Group during the 2nd quarter valued at about $16,073,000. Boston Partners grew its position in American Integrity Insurance Group by 212.5% during the third quarter. Boston Partners now owns 1,089,780 shares of the company’s stock valued at $24,316,000 after purchasing an additional 741,002 shares in the last quarter. Balyasny Asset Management L.P. acquired a new position in American Integrity Insurance Group in the 2nd quarter valued at approximately $10,409,000. Finally, The Manufacturers Life Insurance Company acquired a new position in American Integrity Insurance Group in the 2nd quarter valued at approximately $7,356,000.
Insider Activity at American Integrity Insurance Group
In other American Integrity Insurance Group news, Director Steven B. Mathis purchased 3,000 shares of the business’s stock in a transaction on Tuesday, May 26th. The stock was acquired at an average price of $16.82 per share, with a total value of $50,460.00. Following the acquisition, the director directly owned 6,126 shares of the company’s stock, valued at $103,039.32. This trade represents a 95.97% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder James E. Sowell bought 79,497 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The stock was purchased at an average cost of $16.85 per share, for a total transaction of $1,339,524.45. Following the transaction, the insider directly owned 4,610,180 shares of the company’s stock, valued at $77,681,533. The trade was a 1.75% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders bought 142,256 shares of company stock valued at $2,400,973. 16.40% of the stock is owned by corporate insiders.
American Integrity Insurance Group Trading Up 1.5%
American Integrity Insurance Group (NYSE:AII – Get Free Report) last announced its quarterly earnings results on Tuesday, May 12th. The company reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.09. American Integrity Insurance Group had a net margin of 27.56% and a return on equity of 27.04%. The company had revenue of $90.93 million for the quarter. As a group, sell-side analysts predict that American Integrity Insurance Group, Inc. will post 2.73 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on AII shares. Keefe, Bruyette & Woods dropped their price objective 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. Weiss Ratings raised American Integrity Insurance Group from a “sell (d-)” rating to a “sell (d)” rating in a research report on Monday, June 1st. Citizens Jmp reduced their target price on shares of American Integrity Insurance Group from $28.00 to $25.00 and set a “market outperform” rating for the company in a research note on Wednesday, May 13th. Finally, Citigroup reiterated an “outperform” rating on shares of American Integrity Insurance Group in a research report on Wednesday, May 13th. Five research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $26.75.
View Our Latest Report on American Integrity Insurance Group
American Integrity Insurance Group Profile
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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Want to see what other hedge funds are holding AII? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Integrity Insurance Group, Inc. (NYSE:AII – Free Report).
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