American Integrity Insurance Group, Inc. (NYSE:AII) Receives Average Rating of “Moderate Buy” from Brokerages

American Integrity Insurance Group, Inc. (NYSE:AII) has received an average recommendation of “Moderate Buy” from the six research firms that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating and five have issued a buy rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $26.75.

A number of research firms have weighed in on AII. Keefe, Bruyette & Woods cut their price target on shares of American Integrity Insurance Group from $28.00 to $27.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 7th. Weiss Ratings raised shares of American Integrity Insurance Group from a “sell (d-)” rating to a “sell (d)” rating in a research note on Monday, June 1st. Citizens Jmp dropped their price objective on American Integrity Insurance Group from $28.00 to $25.00 and set a “market outperform” rating for the company in a report on Wednesday, May 13th. Finally, Citigroup reaffirmed an “outperform” rating on shares of American Integrity Insurance Group in a research report on Wednesday, May 13th.

Insiders Place Their Bets

In other news, Director Steven E. Smathers bought 2,900 shares of the firm’s stock in a transaction dated Friday, May 22nd. The stock was acquired at an average price of $16.99 per share, for a total transaction of $49,271.00. Following the acquisition, the director owned 177,827 shares of the company’s stock, valued at $3,021,280.73. This trade represents a 1.66% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Steven B. Mathis bought 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The shares were acquired at an average cost of $16.82 per share, with a total value of $50,460.00. Following the transaction, the director owned 6,126 shares in the company, valued at approximately $103,039.32. This represents a 95.97% increase in their position. The SEC filing for this purchase provides additional information. Insiders bought 142,256 shares of company stock worth $2,400,973 over the last three months. 16.40% of the stock is owned by insiders.

Institutional Investors Weigh In On American Integrity Insurance Group

Institutional investors have recently bought and sold shares of the business. NewEdge Advisors LLC acquired a new stake in shares of American Integrity Insurance Group in the fourth quarter worth $33,000. 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. Police & Firemen s Retirement System of New Jersey boosted its position in 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 worth $51,000 after purchasing an additional 1,549 shares during the period. JPMorgan Chase & Co. purchased a new stake in American Integrity Insurance Group during the 3rd quarter worth $72,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in American Integrity Insurance Group in the 3rd quarter valued at $83,000.

American Integrity Insurance Group Price Performance

AII opened at $16.83 on Friday. American Integrity Insurance Group has a 12 month low of $16.19 and a 12 month high of $26.36. The business has a 50-day moving average of $17.93 and a two-hundred day moving average of $18.88. The stock has a market capitalization of $329.60 million and a price-to-earnings ratio of 3.84.

American Integrity Insurance Group (NYSE:AII) last announced its quarterly earnings data on Tuesday, May 12th. The company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.09. American Integrity Insurance Group had a net margin of 27.56% and a return on equity of 27.04%. The business had revenue of $90.93 million for the quarter. Equities research analysts anticipate that American Integrity Insurance Group will post 2.73 earnings per share for the current year.

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.