American Integrity Insurance Group, Inc. (NYSE:AII) Stock Short Interest Report for September

American Integrity Insurance Group, Inc. (NYSE:AII) saw a significant growth in short interest in September. As of September 30th, there was short interest totaling 460,154 shares, a growth of 100.9% from the September 15th total of 229,025 shares. Based on an average daily volume of 222,526 shares, the short-interest ratio is presently 2.1 days. Approximately 2.8% of the shares of the stock are sold short.

American Integrity Insurance Group Trading Up 0.4%

Shares of NYSE AII traded up $0.11 during midday trading on Thursday, reaching $27.66. 233,302 shares of the stock were exchanged, compared to its average volume of 147,079. The company has a market capitalization of $542.00 million, a P/E ratio of 6.15 and a beta of 0.02. American Integrity Insurance Group has a 52-week low of $16.19 and a 52-week high of $28.25. The stock has a 50 day moving average price of $25.38 and a 200-day moving average price of $20.86.

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

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on AII. Wall Street Zen raised American Integrity Insurance Group from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. Zacks Research raised American Integrity Insurance Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 17th. Citigroup reissued an “outperform” rating on shares of American Integrity Insurance Group in a research report on Monday. Piper Sandler boosted their price target on American Integrity Insurance Group from $23.00 to $26.00 and gave the stock an “overweight” rating in a report on Thursday, August 13th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of American Integrity Insurance Group in a research report on Thursday, August 27th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $28.25.

Insider Activity

In other news, CEO Robert Ritchie sold 50,700 shares of the stock in a transaction that occurred on Tuesday, October 13th. The shares were sold at an average price of $27.41, for a total value of $1,389,687.00. Following the sale, the chief executive officer directly owned 1,760,433 shares in the company, valued at $48,253,468.53. This represents a 2.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 598,162 shares of company stock valued at $14,879,357 over the last quarter. 16.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Wasatch Advisors LP grew its holdings in American Integrity Insurance Group by 5.7% in the 2nd quarter. Wasatch Advisors LP now owns 1,260,169 shares of the company’s stock valued at $23,729,000 after buying an additional 67,977 shares during the period. BlackRock Inc. purchased a new position in shares of American Integrity Insurance Group during the 2nd quarter worth about $16,723,000. Freestone Grove Partners LP purchased a new position in shares of American Integrity Insurance Group during the 2nd quarter worth about $9,251,000. Bank of America Corp DE boosted its position in shares of American Integrity Insurance Group by 0.8% in the first 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 during the last quarter. Finally, Algert Global LLC acquired a new stake in shares of American Integrity Insurance Group in the second quarter worth approximately $2,925,000.

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.