American Integrity Insurance Group (NYSE:AII) Director Steven Mathis Purchases 3,000 Shares

American Integrity Insurance Group, Inc. (NYSE:AII) Director Steven Mathis bought 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The stock was bought at an average price of $16.82 per share, with a total value of $50,460.00. Following the completion of the acquisition, the director owned 6,126 shares of the company’s stock, valued at $103,039.32. This trade represents a 95.97% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

American Integrity Insurance Group Trading Up 0.6%

AII traded up $0.10 on Wednesday, hitting $16.75. 108,201 shares of the company were exchanged, compared to its average volume of 123,192. The firm has a 50-day moving average price of $18.70 and a two-hundred day moving average price of $19.59. American Integrity Insurance Group, Inc. has a twelve month low of $15.77 and a twelve month high of $26.36. The company has a market cap of $328.09 million and a price-to-earnings ratio of 3.82.

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 analysts’ consensus estimates of $0.94 by $0.09. American Integrity Insurance Group had a return on equity of 27.04% and a net margin of 27.56%.The company had revenue of $90.93 million for the quarter. Equities analysts expect that American Integrity Insurance Group, Inc. will post 2.73 EPS for the current year.

Institutional Trading of American Integrity Insurance Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AII. Strs Ohio purchased a new stake in shares of American Integrity Insurance Group during the 3rd quarter worth approximately $33,000. NewEdge Advisors LLC purchased a new position in shares of American Integrity Insurance Group in the 4th quarter valued at $33,000. New York State Common Retirement Fund acquired a new stake in American Integrity Insurance Group during the 4th quarter worth $42,000. Police & Firemen s Retirement System of New Jersey lifted its position in American Integrity Insurance Group by 172.7% in the fourth quarter. Police & Firemen s Retirement System of New Jersey now owns 2,446 shares of the company’s stock valued at $51,000 after acquiring an additional 1,549 shares during the last quarter. Finally, JPMorgan Chase & Co. acquired a new position in American Integrity Insurance Group in the third quarter valued at $72,000.

Wall Street Analyst Weigh In

AII has been the subject of several analyst reports. Citigroup reiterated an “outperform” rating on shares of American Integrity Insurance Group in a report on Wednesday, May 13th. Keefe, Bruyette & Woods decreased their price objective on shares of 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. Weiss Ratings reiterated a “sell (d-)” rating on shares of American Integrity Insurance Group in a research note on Monday, May 4th. Finally, Citizens Jmp dropped their target price on American Integrity Insurance Group from $28.00 to $25.00 and set a “market outperform” rating on the stock in a report on Wednesday, May 13th. Six equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $26.75.

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.