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 March. As of March 13th, there was short interest totaling 118,026 shares, an increase of 70.8% from the February 26th total of 69,121 shares. Approximately 0.6% of the company’s stock are sold short. Based on an average trading volume of 183,244 shares, the short-interest ratio is currently 0.6 days.

American Integrity Insurance Group Trading Down 1.9%

AII stock traded down $0.36 during mid-day trading on Friday, hitting $18.66. The stock had a trading volume of 116,814 shares, compared to its average volume of 174,441. American Integrity Insurance Group has a 1-year low of $15.77 and a 1-year high of $26.36. The company has a fifty day moving average of $18.86 and a 200 day moving average of $20.71. The stock has a market capitalization of $365.36 million and a price-to-earnings ratio of 3.51.

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, beating the consensus estimate of $0.79 by $0.32. The business had revenue of $68.07 million during the quarter. American Integrity Insurance Group had a return on equity of 36.87% and a net margin of 36.03%.

American Integrity Insurance Group Dividend Announcement

The firm also recently announced a special dividend, which will be paid on Monday, March 30th. Shareholders of record on Monday, March 16th will be paid a $1.02 dividend. The ex-dividend date is Monday, March 16th.

Wall Street Analyst Weigh In

Several research firms have weighed in on AII. Citigroup reaffirmed a “market outperform” rating on shares of American Integrity Insurance Group in a research note on Friday, January 16th. Weiss Ratings restated a “sell (e+)” rating on shares of American Integrity Insurance Group in a report on Wednesday, January 21st. Raymond James Financial set a $28.00 price objective on shares of American Integrity Insurance Group in a research report on Friday, January 16th. Finally, Keefe, Bruyette & Woods cut their target price on shares of American Integrity Insurance Group from $29.00 to $28.00 and set an “outperform” rating for the company in a research report on Monday, March 9th. Six equities research 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’s stock. According to MarketBeat, American Integrity Insurance Group presently has an average rating of “Moderate Buy” and a consensus target price of $27.75.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of AII. Franklin Resources Inc. lifted its stake in shares of American Integrity Insurance Group by 1,840.0% in the 3rd quarter. Franklin Resources Inc. now owns 2,988,329 shares of the company’s stock valued at $66,670,000 after purchasing an additional 2,834,289 shares during the last quarter. Wasatch Advisors LP acquired a new stake in shares of American Integrity Insurance Group in the second quarter worth about $16,073,000. Boston Partners boosted its stake in shares of American Integrity Insurance Group by 212.5% during the 3rd quarter. Boston Partners now owns 1,089,780 shares of the company’s stock worth $24,316,000 after acquiring an additional 741,002 shares in the last quarter. Balyasny Asset Management L.P. bought a new stake in shares of American Integrity Insurance Group during the 2nd quarter worth about $10,409,000. Finally, Mink Brook Asset Management LLC acquired a new position in shares of American Integrity Insurance Group during the 2nd quarter valued at about $7,844,000.

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.