American Integrity Insurance Group (NYSE:AII) Issues Earnings Results

American Integrity Insurance Group (NYSE:AII) posted its earnings results on Tuesday. The company reported $1.44 EPS for the quarter, FiscalAI reports. American Integrity Insurance Group had a return on equity of 26.74% and a net margin of 26.20%. The firm had revenue of $113.49 million for the quarter.

American Integrity Insurance Group Stock Performance

Shares of NYSE AII traded up $0.43 during mid-day trading on Tuesday, reaching $28.19. The company’s stock had a trading volume of 212,938 shares, compared to its average volume of 151,211. American Integrity Insurance Group has a 1-year low of $16.19 and a 1-year high of $30.00. The stock has a 50-day moving average of $26.88 and a two-hundred day moving average of $21.13. The stock has a market capitalization of $552.24 million, a P/E ratio of 6.26 and a beta of -0.17.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Citizens Jmp upped their target price on American Integrity Insurance Group from $26.00 to $29.00 and gave the stock a “market outperform” rating in a research note on Monday, October 12th. Keefe, Bruyette & Woods boosted their price target on shares of American Integrity Insurance Group from $29.00 to $31.00 and gave the stock an “outperform” rating in a report on Monday, October 12th. Zacks Research upgraded shares of American Integrity Insurance Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 17th. Wall Street Zen raised shares of American Integrity Insurance Group from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Finally, Raymond James Financial reaffirmed an “outperform” rating on shares of American Integrity Insurance Group in a report on Tuesday, October 6th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $28.25.

Insider Activity

In other American Integrity Insurance Group news, CEO Robert Ritchie sold 26,436 shares of the business’s stock in a transaction dated Wednesday, October 14th. The shares were sold at an average price of $27.23, for a total value of $719,852.28. Following the transaction, the chief executive officer directly owned 1,733,997 shares in the company, valued at $47,216,738.31. The trade was a 1.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have sold a total of 505,874 shares of company stock valued at $13,128,844 over the last ninety days. Corporate insiders own 16.40% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in AII. R Squared Ltd raised its stake in shares of American Integrity Insurance Group by 5.6% in the 3rd quarter. R Squared Ltd now owns 23,642 shares of the company’s stock valued at $591,000 after acquiring an additional 1,254 shares during the period. GAMMA Investing LLC lifted its holdings in shares of American Integrity Insurance Group by 9,544.4% in the 3rd 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. Bank of America Corp DE boosted its position in shares of American Integrity Insurance Group by 0.8% during the 1st quarter. Bank of America Corp DE now owns 293,443 shares of the company’s stock worth $5,658,000 after purchasing an additional 2,193 shares during the period. NewEdge Advisors LLC boosted its position in shares of American Integrity Insurance Group by 156.2% during the 1st quarter. NewEdge Advisors LLC now owns 4,100 shares of the company’s stock worth $79,000 after purchasing an additional 2,500 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in shares of American Integrity Insurance Group by 13.3% during the 1st quarter. Bank of New York Mellon Corp now owns 41,862 shares of the company’s stock worth $807,000 after purchasing an additional 4,901 shares during the period.

American Integrity Insurance Group Company Profile

American Integrity Insurance Group, Inc. is an insurance holding company focused on personal residential property insurance. Through its insurance subsidiaries, the company provides coverage designed to protect homeowners and other residential property owners from risks such as wind, fire, water damage and other covered losses. The company’s product offerings include homeowners insurance, condominium unit-owner insurance, renters insurance and coverage for residential properties used as rental or investment homes.