American Integrity Insurance Group, Inc. (NYSE:AII) Short Interest Update

American Integrity Insurance Group, Inc. (NYSE:AII) was the recipient of a large increase in short interest in the month of December. As of December 31st, there was short interest totaling 194,136 shares, an increase of 127.7% from the December 15th total of 85,248 shares. Currently, 1.0% of the company’s shares are short sold. Based on an average daily trading volume, of 150,590 shares, the short-interest ratio is currently 1.3 days. Based on an average daily trading volume, of 150,590 shares, the short-interest ratio is currently 1.3 days. Currently, 1.0% of the company’s shares are short sold.

Analyst Ratings Changes

AII has been the subject of several recent research reports. Citigroup reissued an “outperform” rating on shares of American Integrity Insurance Group in a research note on Tuesday, October 14th. Raymond James Financial reissued an “outperform” rating and issued a $24.00 price target (up previously from $22.00) on shares of American Integrity Insurance Group in a research report on Monday, September 22nd. Piper Sandler upped their price objective on American Integrity Insurance Group from $22.00 to $27.00 and gave the stock an “overweight” rating in a research report on Monday, October 6th. Keefe, Bruyette & Woods increased their price objective on American Integrity Insurance Group from $26.00 to $29.00 and gave the company an “outperform” rating in a research note on Tuesday, November 18th. Finally, JMP Securities boosted their target price on American Integrity Insurance Group from $23.00 to $26.00 and gave the stock a “market outperform” rating in a research note on Tuesday, October 14th. Seven 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 currently has a consensus rating of “Moderate Buy” and an average target price of $26.80.

American Integrity Insurance Group Price Performance

Shares of AII traded up $0.01 during midday trading on Thursday, reaching $19.01. The stock had a trading volume of 136,825 shares, compared to its average volume of 119,152. American Integrity Insurance Group has a 1-year low of $15.77 and a 1-year high of $26.36. The company’s fifty day simple moving average is $21.00 and its two-hundred day simple moving average is $20.51. The company has a market cap of $372.22 million and a price-to-earnings ratio of 4.22.

American Integrity Insurance Group (NYSE:AII) last issued its earnings results on Wednesday, November 12th. The company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.10. The firm had revenue of $62.03 million during the quarter. American Integrity Insurance Group had a net margin of 31.63% and a return on equity of 37.99%.

Insider Buying and Selling at American Integrity Insurance Group

In other news, major shareholder James E. Sowell sold 2,353,200 shares of the business’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $19.00, for a total value of $44,710,800.00. Following the sale, the insider directly owned 4,768,861 shares of the company’s stock, valued at approximately $90,608,359. The trade was a 33.04% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Steven E. Smathers sold 171,800 shares of the company’s stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $19.00, for a total transaction of $3,264,200.00. Following the completion of the transaction, the director owned 173,414 shares in the company, valued at approximately $3,294,866. This represents a 49.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 3,354,591 shares of company stock valued at $63,737,229 over the last 90 days.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of AII. Strs Ohio purchased a new position in shares of American Integrity Insurance Group during the third quarter worth about $33,000. FNY Investment Advisers LLC acquired a new stake in American Integrity Insurance Group during the 2nd quarter worth approximately $45,000. JPMorgan Chase & Co. purchased a new position in shares of American Integrity Insurance Group in the 3rd quarter valued at approximately $72,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of American Integrity Insurance Group in the 3rd quarter valued at approximately $83,000. Finally, Raymond James Financial Inc. acquired a new position in shares of American Integrity Insurance Group in the second quarter valued at approximately $101,000.

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.