American Integrity Insurance Group, Inc. (NYSE:AII) Given Consensus Rating of “Moderate Buy” by Analysts

American Integrity Insurance Group, Inc. (NYSE:AII) has been given an average rating of “Moderate Buy” by the nine ratings firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $26.80.

AII has been the topic of several analyst reports. Keefe, Bruyette & Woods lifted their target price on shares of American Integrity Insurance Group from $26.00 to $29.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 18th. Raymond James Financial reiterated an “outperform” rating and set a $24.00 price objective (up from $22.00) on shares of American Integrity Insurance Group in a research report on Monday, September 22nd. Piper Sandler boosted their target price on shares of American Integrity Insurance Group from $22.00 to $27.00 and gave the company an “overweight” rating in a research note on Monday, October 6th. Citizens Jmp increased their target price on American Integrity Insurance Group from $26.00 to $28.00 and gave the company a “market outperform” rating in a report on Monday, November 17th. Finally, JMP Securities lifted their price target on American Integrity Insurance Group from $23.00 to $26.00 and gave the company a “market outperform” rating in a report on Tuesday, October 14th.

Insider Buying and Selling at American Integrity Insurance Group

In other news, CEO Robert C. Ritchie sold 475,000 shares of the company’s stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $19.00, for a total value of $9,025,000.00. Following the transaction, the chief executive officer owned 2,454,500 shares in the company, valued at $46,635,500. This represents a 16.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder James E. Sowell sold 2,353,200 shares of the stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $19.00, for a total transaction of $44,710,800.00. Following the completion of the sale, the insider directly owned 4,768,861 shares of the company’s stock, valued at $90,608,359. This trade represents a 33.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 3,354,591 shares of company stock valued at $63,737,229 in the last 90 days.

Hedge Funds Weigh In On American Integrity Insurance Group

Several institutional investors and hedge funds have recently modified their holdings of AII. Strs Ohio purchased a new stake in shares of American Integrity Insurance Group during the third quarter worth $33,000. FNY Investment Advisers LLC acquired a new position in American Integrity Insurance Group in the 2nd quarter worth about $45,000. JPMorgan Chase & Co. purchased a new stake in shares of American Integrity Insurance Group during the 3rd quarter worth about $72,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of American Integrity Insurance Group during the 3rd quarter worth about $83,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of American Integrity Insurance Group during the 2nd quarter valued at about $101,000.

American Integrity Insurance Group Trading Down 1.5%

NYSE:AII opened at $20.75 on Friday. The company has a 50-day moving average of $22.16 and a 200-day moving average of $20.17. The firm has a market cap of $406.25 million and a price-to-earnings ratio of 4.61. American Integrity Insurance Group has a twelve month low of $15.77 and a twelve month high of $26.36.

American Integrity Insurance Group (NYSE:AII) last issued its earnings results on Wednesday, November 12th. The company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.10. American Integrity Insurance Group had a return on equity of 37.99% and a net margin of 31.63%.The business had revenue of $62.03 million for the quarter.

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.