American Integrity Insurance Group (NYSE:AII) Given New $31.00 Price Target at Keefe, Bruyette & Woods

American Integrity Insurance Group (NYSE:AII) had its target price hoisted by Keefe, Bruyette & Woods from $29.00 to $31.00 in a research note published on Monday morning,Benzinga reports. They currently have an outperform rating on the stock.

Other research analysts have also recently issued research reports about the company. Zacks Research upgraded American Integrity Insurance Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 17th. Wall Street Zen raised American Integrity Insurance Group from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. Citigroup reaffirmed an “outperform” rating on shares of American Integrity Insurance Group in a research report on Monday. Citizens Jmp increased their price objective on shares of American Integrity Insurance Group from $25.00 to $26.00 and gave the stock a “market outperform” rating in a research note on Wednesday, August 12th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of American Integrity Insurance Group in a research note on Thursday, August 27th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $28.25.

American Integrity Insurance Group Stock Up 1.1%

Shares of NYSE:AII opened at $27.07 on Monday. The company’s 50 day moving average price is $25.12 and its two-hundred day moving average price is $20.74. American Integrity Insurance Group has a 12-month low of $16.19 and a 12-month high of $27.86. The firm has a market cap of $530.20 million, a PE ratio of 6.01 and a beta of 0.02.

American Integrity Insurance Group (NYSE:AII) last announced its earnings results on Tuesday, August 11th. The company reported $1.78 EPS for the quarter, topping the consensus estimate of $0.81 by $0.97. American Integrity Insurance Group had a net margin of 26.20% and a return on equity of 26.74%. The company had revenue of $115.17 million for the quarter. On average, research analysts expect that American Integrity Insurance Group will post 3.82 EPS for the current year.

Insider Activity

In other news, CEO Robert Ritchie sold 65,000 shares of American Integrity Insurance Group stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $26.29, for a total value of $1,708,850.00. Following the transaction, the chief executive officer owned 1,963,536 shares in the company, valued at approximately $51,621,361.44. This trade represents a 3.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders sold 474,598 shares of company stock valued at $11,513,818. Company insiders own 16.40% of the company’s stock.

Institutional Trading of American Integrity Insurance Group

Several institutional investors and hedge funds have recently modified their holdings of the business. GAMMA Investing LLC lifted its holdings in shares of American Integrity Insurance Group by 9,544.4% in the third quarter. GAMMA Investing LLC now owns 1,736 shares of the company’s stock worth $43,000 after acquiring an additional 1,718 shares during the last quarter. NewEdge Advisors LLC boosted its stake in shares of American Integrity Insurance Group by 156.2% in the 1st quarter. NewEdge Advisors LLC now owns 4,100 shares of the company’s stock valued at $79,000 after purchasing an additional 2,500 shares in the last quarter. State of Wyoming acquired a new stake in shares of American Integrity Insurance Group in the 1st quarter valued at approximately $134,000. Deutsche Bank AG bought a new stake in shares of American Integrity Insurance Group during the 2nd quarter valued at approximately $199,000. Finally, PDT Partners LLC bought a new stake in shares of American Integrity Insurance Group during the 2nd quarter valued at approximately $216,000.

About American Integrity Insurance Group

American Integrity Insurance Group, Inc is an insurance company focused on residential property coverage in catastrophe-exposed markets. Through its insurance subsidiaries, the company primarily serves homeowners and other residential policyholders, with an emphasis on providing protection against risks such as wind, hurricanes and other property-related losses.

Its product offerings include homeowners insurance and related personal-lines products for owner-occupied residences, condominium unit owners, renters and other residential properties.