Shares of American Integrity Insurance Group, Inc. (NYSE:AII – Get Free Report) have earned an average rating of “Moderate Buy” from the six analysts that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $26.50.
A number of brokerages recently weighed in on AII. Zacks Research upgraded shares of American Integrity Insurance Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 17th. Raymond James Financial set a $27.00 target price on shares of American Integrity Insurance Group in a research report on Thursday, August 20th. Wall Street Zen raised shares of American Integrity Insurance Group from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. Citigroup restated an “outperform” rating on shares of American Integrity Insurance Group in a research report on Wednesday, August 12th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of American Integrity Insurance Group in a research note on Thursday, August 27th.
Get Our Latest Stock Analysis on AII
American Integrity Insurance Group Price Performance
American Integrity Insurance Group (NYSE:AII – Get Free Report) last announced its quarterly earnings results on Tuesday, August 11th. The company reported $1.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.97. American Integrity Insurance Group had a return on equity of 26.74% and a net margin of 26.20%.The company had revenue of $115.17 million during the quarter. Equities analysts anticipate that American Integrity Insurance Group will post 3.82 EPS for the current year.
Insider Buying and Selling
In other American Integrity Insurance Group news, CEO Robert Ritchie sold 9,174 shares of the company’s stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $25.92, for a total value of $237,790.08. Following the completion of the sale, the chief executive officer directly owned 1,883,997 shares in the company, valued at $48,833,202.24. This represents a 0.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold a total of 474,598 shares of company stock worth $11,513,818 over the last quarter. 16.40% of the stock is owned by insiders.
Institutional Trading of American Integrity Insurance Group
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Hsbc Holdings PLC boosted its stake in American Integrity Insurance Group by 88.5% during the second quarter. Hsbc Holdings PLC now owns 22,949 shares of the company’s stock valued at $439,000 after buying an additional 10,775 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in American Integrity Insurance Group in the second quarter worth about $272,000. Bank of America Corp DE acquired a new stake in American Integrity Insurance Group in the 2nd quarter valued at about $3,942,000. Freestone Grove Partners LP acquired a new stake in American Integrity Insurance Group in the 2nd quarter valued at about $9,251,000. Finally, Man Group plc bought a new position in shares of American Integrity Insurance Group during the 2nd quarter valued at about $1,309,000.
American Integrity Insurance Group Company Profile
American Integrity Insurance Group, Inc is a property and casualty insurance holding company that provides residential property insurance through its operating subsidiaries. The company focuses primarily on personal lines coverage for homeowners and other residential policyholders.
Its product offerings include homeowners insurance, condominium unit owners insurance, renters insurance, dwelling fire coverage and insurance for manufactured homes. These policies generally provide protection against covered property damage and related liabilities, subject to the terms, conditions and exclusions of each policy.
Founded in 2006, American Integrity serves customers in Florida, Georgia and South Carolina.
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