Brokerages Set American Integrity Insurance Group, Inc. (NYSE:AII) Target Price at $27.75

American Integrity Insurance Group, Inc. (NYSE:AII) has been given an average recommendation of “Moderate Buy” by the eight brokerages that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and six have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $27.75.

A number of equities analysts have recently issued reports on AII shares. Keefe, Bruyette & Woods lowered their target price on shares of American Integrity Insurance Group from $29.00 to $28.00 and set an “outperform” rating on the stock in a research report on Monday, March 9th. Raymond James Financial set a $28.00 price target on shares of American Integrity Insurance Group in a research report on Friday, January 16th. Citigroup reiterated a “market outperform” rating on shares of American Integrity Insurance Group in a research note on Friday, January 16th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of American Integrity Insurance Group in a research note on Wednesday, January 21st.

American Integrity Insurance Group Stock Up 0.4%

Shares of NYSE AII opened at $19.33 on Friday. The business has a 50-day moving average price of $18.88 and a 200 day moving average price of $20.71. The stock has a market cap of $378.48 million and a PE ratio of 3.64. American Integrity Insurance Group has a 52-week low of $15.77 and a 52-week high of $26.36.

American Integrity Insurance Group (NYSE:AII) last released its quarterly earnings results on Tuesday, February 24th. The company reported $1.11 EPS for the quarter, topping the consensus estimate of $0.79 by $0.32. American Integrity Insurance Group had a return on equity of 36.87% and a net margin of 36.03%.The company had revenue of $68.07 million for the quarter.

American Integrity Insurance Group Announces Dividend

The business also recently declared a special dividend, which was paid on Monday, March 30th. Investors of record on Monday, March 16th were issued a dividend of $1.02 per share. The ex-dividend date of this dividend was Monday, March 16th.

Institutional Trading of American Integrity Insurance Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Franklin Resources Inc. increased its holdings in shares of American Integrity Insurance Group by 1,840.0% in the third quarter. Franklin Resources Inc. now owns 2,988,329 shares of the company’s stock valued at $66,670,000 after purchasing an additional 2,834,289 shares during the period. Wasatch Advisors LP purchased a new stake in shares of American Integrity Insurance Group during the second quarter worth approximately $16,073,000. Boston Partners lifted its holdings in shares of American Integrity Insurance Group by 212.5% during the third quarter. Boston Partners now owns 1,089,780 shares of the company’s stock worth $24,316,000 after purchasing an additional 741,002 shares during the period. Balyasny Asset Management L.P. purchased a new position in American Integrity Insurance Group in the 2nd quarter valued at $10,409,000. Finally, Mink Brook Asset Management LLC purchased a new position in American Integrity Insurance Group in the 2nd quarter valued at $7,844,000.

About American Integrity Insurance Group

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.