Wasatch Advisors LP boosted its position in shares of American Integrity Insurance Group, Inc. (NYSE:AII – Free Report) by 38.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,192,192 shares of the company’s stock after purchasing an additional 331,766 shares during the period. Wasatch Advisors LP owned about 6.09% of American Integrity Insurance Group worth $22,985,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. NewEdge Advisors LLC bought a new stake in American Integrity Insurance Group during the fourth quarter worth about $33,000. XTX Topco Ltd bought a new position in shares of American Integrity Insurance Group in the fourth quarter valued at approximately $257,000. Verdad Advisers LP acquired a new position in shares of American Integrity Insurance Group in the 4th quarter worth approximately $782,000. Quadrature Capital Ltd acquired a new position in shares of American Integrity Insurance Group in the 4th quarter worth approximately $737,000. Finally, Occudo Quantitative Strategies LP bought a new stake in American Integrity Insurance Group during the 4th quarter worth approximately $531,000.
American Integrity Insurance Group Trading Up 4.8%
American Integrity Insurance Group stock opened at $18.55 on Friday. American Integrity Insurance Group, Inc. has a 1 year low of $16.19 and a 1 year high of $26.36. The company has a market cap of $363.49 million and a PE ratio of 4.24. The company’s 50-day moving average is $17.82 and its two-hundred day moving average is $18.77.
Insider Activity at American Integrity Insurance Group
In related news, Director Steven E. Smathers acquired 2,900 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The stock was acquired at an average price of $16.99 per share, for a total transaction of $49,271.00. Following the completion of the acquisition, the director owned 177,827 shares of the company’s stock, valued at $3,021,280.73. This trade represents a 1.66% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Steven B. Mathis acquired 3,000 shares of American Integrity Insurance Group stock in a transaction that occurred on Tuesday, May 26th. The shares were purchased at an average cost of $16.82 per share, for a total transaction of $50,460.00. Following the purchase, the director directly owned 6,126 shares in the company, valued at $103,039.32. The trade was a 95.97% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders purchased 142,256 shares of company stock worth $2,400,973. 16.40% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently weighed in on AII shares. Keefe, Bruyette & Woods dropped their price target on American Integrity Insurance Group from $28.00 to $27.00 and set an “outperform” rating for the company in a report on Tuesday, April 7th. Citizens Jmp lowered their target price on 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. Weiss Ratings raised American Integrity Insurance Group from a “sell (d-)” rating to a “sell (d)” rating in a report on Monday, June 1st. Finally, Citigroup reaffirmed an “outperform” rating on shares of American Integrity Insurance Group in a report on Wednesday, May 13th. Five equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $26.75.
Get Our Latest Analysis on American Integrity Insurance Group
American Integrity Insurance Group Company 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.
Recommended Stories
- Five stocks we like better than American Integrity Insurance Group
- 3 Stocks That Could Benefit as the Robotaxi Race Heats Up
- 3 Waste Stocks Turning AI Investments into Growth
- 3 Overlooked Tech ETFs That Are Quietly Killing It This Year
- 3 ETFs Pairing Market-Beating Returns With High Dividend Yields
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).
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.
