Citizens Jmp Issues Pessimistic Forecast for American Integrity Insurance Group (NYSE:AII) Stock Price

American Integrity Insurance Group (NYSE:AII) had its price objective decreased by equities researchers at Citizens Jmp from $28.00 to $25.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has a “market outperform” rating on the stock. Citizens Jmp’s price objective points to a potential upside of 40.77% from the company’s current price.

A number of other research firms have also weighed in on AII. Citigroup reissued an “outperform” rating on shares of American Integrity Insurance Group in a research note on Wednesday. Weiss Ratings restated a “sell (d-)” rating on shares of American Integrity Insurance Group in a research report on Monday, May 4th. Keefe, Bruyette & Woods lowered their price objective on American Integrity Insurance Group from $28.00 to $27.00 and set an “outperform” rating for the company in a research report on Tuesday, April 7th. Finally, Raymond James Financial set a $28.00 price objective on American Integrity Insurance Group in a research note on Friday, January 16th. Six research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, American Integrity Insurance Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $26.75.

American Integrity Insurance Group Stock Performance

NYSE:AII traded down $1.84 during trading hours on Wednesday, reaching $17.76. The company’s stock had a trading volume of 38,357 shares, compared to its average volume of 122,548. The firm has a market capitalization of $347.74 million and a price-to-earnings ratio of 3.35. The firm has a 50-day simple moving average of $19.27 and a 200-day simple moving average of $20.08. American Integrity Insurance Group has a 1 year low of $15.77 and a 1 year high of $26.36.

American Integrity Insurance Group (NYSE:AII) last posted its quarterly earnings results on Tuesday, May 12th. The company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.09. American Integrity Insurance Group had a net margin of 36.03% and a return on equity of 36.87%. The business had revenue of $90.93 million during the quarter. Equities analysts anticipate that American Integrity Insurance Group will post 2.73 earnings per share for the current fiscal year.

Institutional Investors Weigh In On American Integrity Insurance Group

A number of large investors have recently made changes to their positions in AII. Strs Ohio purchased a new position in shares of American Integrity Insurance Group during the third quarter valued at approximately $33,000. NewEdge Advisors LLC bought a new stake in American Integrity Insurance Group in the fourth quarter valued at $33,000. New York State Common Retirement Fund purchased a new position in American Integrity Insurance Group during the 4th quarter valued at $42,000. Police & Firemen s Retirement System of New Jersey lifted its position in shares of American Integrity Insurance Group by 172.7% in the 4th quarter. Police & Firemen s Retirement System of New Jersey now owns 2,446 shares of the company’s stock worth $51,000 after purchasing an additional 1,549 shares during the period. Finally, JPMorgan Chase & Co. bought a new stake in shares of American Integrity Insurance Group during the 3rd quarter valued at about $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.