American Integrity Insurance Group, Inc. (NYSE:AII) Stock Has Consensus Target Price of $28.25

Shares of American Integrity Insurance Group, Inc. (NYSE:AII) have been assigned an average recommendation of “Moderate Buy” from the seven analysts that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, five have given a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $28.25.

Several brokerages recently commented on AII. Citizens Jmp raised their target price on American Integrity Insurance Group from $26.00 to $29.00 and gave the stock a “market outperform” rating in a research report on Monday. Keefe, Bruyette & Woods increased their target price on American Integrity Insurance Group from $29.00 to $31.00 and gave the stock an “outperform” rating in a report on Monday. Zacks Research upgraded American Integrity Insurance Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 17th. Citigroup reaffirmed an “outperform” rating on shares of American Integrity Insurance Group in a research note on Monday. Finally, Wall Street Zen upgraded American Integrity Insurance Group from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th.

Insider Activity

In related news, CEO Robert Ritchie sold 50,700 shares of the stock in a transaction dated Tuesday, October 13th. The shares were sold at an average price of $27.41, for a total transaction of $1,389,687.00. Following the completion of the sale, the chief executive officer owned 1,760,433 shares in the company, valued at $48,253,468.53. This trade represents a 2.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In the last ninety days, insiders have sold 598,162 shares of company stock worth $14,879,357. Company insiders own 16.40% of the company’s stock.

Institutional Trading of American Integrity Insurance Group

Several large investors have recently added to or reduced their stakes in the company. Wasatch Advisors LP increased its holdings in shares of American Integrity Insurance Group by 5.7% during the second quarter. Wasatch Advisors LP now owns 1,260,169 shares of the company’s stock worth $23,729,000 after buying an additional 67,977 shares in the last quarter. BlackRock Inc. bought a new position in shares of American Integrity Insurance Group in the second quarter valued at approximately $16,723,000. Freestone Grove Partners LP bought a new position in shares of American Integrity Insurance Group in the second quarter valued at approximately $9,251,000. Bank of America Corp DE boosted its holdings in shares of American Integrity Insurance Group by 0.8% in the 1st quarter. Bank of America Corp DE now owns 293,443 shares of the company’s stock worth $5,658,000 after acquiring an additional 2,193 shares in the last quarter. Finally, Algert Global LLC acquired a new position in shares of American Integrity Insurance Group in the 2nd quarter worth approximately $2,925,000.

American Integrity Insurance Group Stock Down 0.3%

American Integrity Insurance Group stock opened at $27.41 on Thursday. The business has a 50 day moving average price of $25.38 and a two-hundred day moving average price of $20.86. American Integrity Insurance Group has a 12 month low of $16.19 and a 12 month high of $27.86. The stock has a market cap of $536.98 million, a price-to-earnings ratio of 6.09 and a beta of 0.02.

American Integrity Insurance Group (NYSE:AII) last announced its quarterly earnings data on Tuesday, August 11th. The company reported $1.78 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.97. The company had revenue of $115.17 million for the quarter. American Integrity Insurance Group had a return on equity of 26.74% and a net margin of 26.20%. On average, analysts expect that American Integrity Insurance Group will post 4.02 earnings per share for the current fiscal year.

Trending Headlines about American Integrity Insurance Group

Here are the key news stories impacting American Integrity Insurance Group this week:

• Positive Sentiment: Zacks named AII a Strong Buy value stock. The inclusion on Zacks’ Rank #1 value list highlights the company’s low valuation and potentially attractive earnings outlook. AII trades at roughly 6 times earnings, while analysts expect about $3.82 in earnings per share for the current year. Best Value Stocks to Buy for October 14th
• Positive Sentiment: Analyst sentiment and institutional interest remain constructive. Recent coverage cited price-target increases from Keefe, Bruyette & Woods and Citizens JMP, while BlackRock and other institutions established positions during the second quarter. The average analyst price target is approximately $28.25, modestly above the referenced trading level.
• Neutral Sentiment: Momentum is strong, but valuation expectations are becoming more demanding. AII remains close to its 52-week high and trades well above its 50-day and 200-day moving averages. Its latest quarterly results were strong, with EPS of $1.78 versus an $0.81 consensus estimate, but the stock’s proximity to its high leaves less room for disappointing results.
• Negative Sentiment: CEO Robert Ritchie sold a substantial amount of stock. He sold a combined 123,564 shares from October 9 through October 13 for approximately $3.37 million, reducing his direct ownership by about 6.7%. Although he still owns roughly 1.76 million shares, the cluster of sales could raise concerns about insider confidence or near-term valuation and may weigh on the stock. American Integrity Insurance Group CEO Insider Transactions

American Integrity Insurance Group Company Profile

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.