Keefe, Bruyette & Woods Lowers American Integrity Insurance Group (NYSE:AII) Price Target to $28.00

American Integrity Insurance Group (NYSE:AII) had its price objective reduced by investment analysts at Keefe, Bruyette & Woods from $29.00 to $28.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ price objective would indicate a potential upside of 47.84% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the company. Raymond James Financial set a $28.00 target price on American Integrity Insurance Group in a research report on Friday, January 16th. Weiss Ratings restated a “sell (e+)” rating on shares of American Integrity Insurance Group in a research note on Wednesday, January 21st. Citizens Jmp boosted their price target on shares of American Integrity Insurance Group from $26.00 to $28.00 and gave the stock a “market outperform” rating in a report on Monday, November 17th. Finally, Citigroup restated a “market outperform” rating on shares of American Integrity Insurance Group in a report on Friday, January 16th. Six analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, American Integrity Insurance Group has an average rating of “Moderate Buy” and a consensus price target of $27.75.

American Integrity Insurance Group Stock Down 2.9%

Shares of American Integrity Insurance Group stock traded down $0.56 during trading on Monday, reaching $18.94. The company’s stock had a trading volume of 132,590 shares, compared to its average volume of 138,949. The company has a market cap of $370.83 million and a price-to-earnings ratio of 3.57. American Integrity Insurance Group has a 1-year low of $15.77 and a 1-year high of $26.36. The company has a 50-day simple moving average of $19.14 and a two-hundred day simple moving average of $20.76.

American Integrity Insurance Group (NYSE:AII) last issued its quarterly earnings data on Tuesday, February 24th. The company reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.32. American Integrity Insurance Group had a return on equity of 36.87% and a net margin of 36.03%.The business had revenue of $68.07 million during the quarter.

Institutional Investors Weigh In On American Integrity Insurance Group

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Strs Ohio purchased a new position in shares of American Integrity Insurance Group during the 3rd quarter valued at about $33,000. NewEdge Advisors LLC bought a new stake in American Integrity Insurance Group during the 4th quarter valued at about $33,000. New York State Common Retirement Fund purchased a new stake in shares of American Integrity Insurance Group in the 4th quarter worth approximately $42,000. Police & Firemen s Retirement System of New Jersey lifted its position in shares of American Integrity Insurance Group by 172.7% during the fourth quarter. Police & Firemen s Retirement System of New Jersey now owns 2,446 shares of the company’s stock valued at $51,000 after buying an additional 1,549 shares during the last quarter. Finally, JPMorgan Chase & Co. acquired a new stake in shares of American Integrity Insurance Group in the 3rd quarter worth $72,000.

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.