Pacific Ridge Capital Partners LLC Raises Stock Position in American Integrity Insurance Group, Inc. $AII

Pacific Ridge Capital Partners LLC increased its holdings in shares of American Integrity Insurance Group, Inc. (NYSE:AII) by 24.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 310,325 shares of the company’s stock after purchasing an additional 60,072 shares during the period. Pacific Ridge Capital Partners LLC owned 1.58% of American Integrity Insurance Group worth $6,464,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of AII. Geode Capital Management LLC purchased a new position in American Integrity Insurance Group in the 2nd quarter worth approximately $1,382,000. XTX Topco Ltd acquired a new position in shares of American Integrity Insurance Group during the second quarter worth $192,000. Marshall Wace LLP purchased a new position in shares of American Integrity Insurance Group in the second quarter valued at $2,123,000. Qube Research & Technologies Ltd acquired a new stake in American Integrity Insurance Group during the 2nd quarter valued at $292,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in American Integrity Insurance Group during the 2nd quarter worth $7,356,000.

Analysts Set New Price Targets

AII has been the topic of a number of analyst reports. Citigroup reaffirmed a “market outperform” rating on shares of American Integrity Insurance Group in a research report on Friday, January 16th. Raymond James Financial set a $28.00 price objective on American Integrity Insurance Group in a research note on Friday, January 16th. Keefe, Bruyette & Woods cut their target price on American Integrity Insurance Group from $28.00 to $27.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 7th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of American Integrity Insurance Group in a research note on Monday, May 4th. Six equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $27.50.

American Integrity Insurance Group Stock Up 0.5%

Shares of AII stock opened at $19.84 on Tuesday. The company has a market cap of $388.37 million and a P/E ratio of 3.74. The business has a 50 day moving average of $19.28 and a two-hundred day moving average of $20.10. American Integrity Insurance Group, Inc. has a 52 week low of $15.77 and a 52 week high of $26.36.

American Integrity Insurance Group (NYSE:AII) last announced its quarterly earnings results on Tuesday, February 24th. The company reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.32. The business had revenue of $68.07 million for the quarter. American Integrity Insurance Group had a return on equity of 36.87% and a net margin of 36.03%. Analysts expect that American Integrity Insurance Group, Inc. will post 2.73 EPS for the current fiscal year.

American Integrity Insurance Group Announces Dividend

The company also recently disclosed a special dividend, which was paid on Monday, March 30th. Investors of record on Monday, March 16th were issued a $1.02 dividend. The ex-dividend date of this dividend was Monday, March 16th.

About American Integrity Insurance Group

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.