American Integrity Insurance Group (NYSE:AII) Posts Quarterly Earnings Results, Beats Expectations By $0.09 EPS

American Integrity Insurance Group (NYSE:AII) announced its quarterly earnings results on Tuesday. The company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.09, FiscalAI reports. The business had revenue of $90.93 million for 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 Price Performance

Shares of American Integrity Insurance Group stock opened at $19.65 on Wednesday. The business’s fifty day moving average price is $19.27 and its two-hundred day moving average price is $20.08. The company has a market capitalization of $384.75 million and a P/E ratio of 3.70. American Integrity Insurance Group has a 1-year low of $15.77 and a 1-year high of $26.36.

American Integrity Insurance Group Dividend Announcement

The firm also recently announced a special dividend, which was paid on Monday, March 30th. Shareholders of record on Monday, March 16th were paid a dividend of $1.02 per share. The ex-dividend date of this dividend was Monday, March 16th.

Wall Street Analyst Weigh In

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

Institutional Trading of American Integrity Insurance Group

Hedge funds have recently added to or reduced their stakes in the business. SG Americas Securities LLC increased its position in shares of American Integrity Insurance Group by 6.6% during the 4th quarter. SG Americas Securities LLC now owns 12,929 shares of the company’s stock valued at $269,000 after purchasing an additional 796 shares during the period. Strs Ohio acquired a new position in shares of American Integrity Insurance Group during the 3rd quarter valued at $33,000. Police & Firemen s Retirement System of New Jersey increased its position in shares of American Integrity Insurance Group by 172.7% during the 4th quarter. Police & Firemen s Retirement System of New Jersey now owns 2,446 shares of the company’s stock valued at $51,000 after purchasing an additional 1,549 shares during the period. NewEdge Advisors LLC acquired a new position in shares of American Integrity Insurance Group during the 4th quarter valued at $33,000. Finally, New York State Common Retirement Fund acquired a new position in shares of American Integrity Insurance Group during the 4th quarter valued at $42,000.

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.