American Integrity Insurance Group, Inc. (NYSE:AII – Get Free Report) has earned an average rating of “Moderate Buy” from the seven brokerages that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $28.25.
Several research analysts have weighed in on AII shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of American Integrity Insurance Group in a research note on Thursday, August 27th. Citigroup reaffirmed an “outperform” rating on shares of American Integrity Insurance Group in a research report on Monday, October 12th. Citizens Jmp lifted their target price on American Integrity Insurance Group from $26.00 to $29.00 and gave the company a “market outperform” rating in a report on Monday, October 12th. Piper Sandler increased their price target on American Integrity Insurance Group from $23.00 to $26.00 and gave the company an “overweight” rating in a research report on Thursday, August 13th. Finally, Raymond James Financial reiterated an “outperform” rating on shares of American Integrity Insurance Group in a report on Tuesday, October 6th.
Check Out Our Latest Analysis on American Integrity Insurance Group
Insider Activity at American Integrity Insurance Group
In other news, CEO Robert Ritchie sold 26,436 shares of the business’s stock in a transaction that occurred on Wednesday, October 14th. The stock was sold at an average price of $27.23, for a total transaction 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. The trade was a 1.50% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last ninety days, insiders sold 624,598 shares of company stock valued at $15,599,210. 16.40% of the stock is owned by company insiders.
Institutional Investors Weigh In On American Integrity Insurance Group
A number of hedge funds and other institutional investors have recently made changes to their positions in AII. GAMMA Investing LLC increased its stake in American Integrity Insurance Group by 9,544.4% during the third quarter. GAMMA Investing LLC now owns 1,736 shares of the company’s stock worth $43,000 after acquiring an additional 1,718 shares during the last quarter. Hsbc Holdings PLC lifted its stake in shares of American Integrity Insurance Group by 88.5% during the second quarter. Hsbc Holdings PLC now owns 22,949 shares of the company’s stock worth $439,000 after purchasing an additional 10,775 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in American Integrity Insurance Group during the 2nd quarter valued at $272,000. Bank of America Corp DE purchased a new stake in shares of American Integrity Insurance Group during the second quarter worth about $3,942,000. Finally, Freestone Grove Partners LP purchased a new stake in American Integrity Insurance Group during the 2nd quarter worth approximately $9,251,000.
American Integrity Insurance Group Price Performance
AII opened at $28.64 on Thursday. The firm has a fifty day moving average price of $26.08 and a 200 day moving average price of $21.18. The stock has a market cap of $561.04 million, a P/E ratio of 6.25 and a beta of 0.02. American Integrity Insurance Group has a 1 year low of $16.19 and a 1 year high of $29.19.
American Integrity Insurance Group (NYSE:AII – Get Free Report) last posted its quarterly earnings data on Tuesday, August 11th. The company reported $1.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.97. The company had revenue of $115.17 million during the quarter. American Integrity Insurance Group had a net margin of 26.20% and a return on equity of 26.74%. Equities analysts expect that American Integrity Insurance Group will post 4.02 EPS for the current year.
About American Integrity Insurance Group
American Integrity Insurance Group, Inc is an insurance company focused on residential property coverage in catastrophe-exposed markets. Through its insurance subsidiaries, the company primarily serves homeowners and other residential policyholders, with an emphasis on providing protection against risks such as wind, hurricanes and other property-related losses.
Its product offerings include homeowners insurance and related personal-lines products for owner-occupied residences, condominium unit owners, renters and other residential properties.
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