American Integrity Insurance Group (NYSE:AII) Issues Quarterly Earnings Results

American Integrity Insurance Group (NYSE:AII) posted its quarterly earnings data on Tuesday. The company reported $1.11 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.32, Zacks reports. American Integrity Insurance Group had a net margin of 31.63% and a return on equity of 37.99%.

American Integrity Insurance Group Stock Performance

Shares of AII stock traded up $0.52 during trading hours on Tuesday, hitting $18.21. 147,835 shares of the company were exchanged, compared to its average volume of 125,231. The stock has a market capitalization of $356.57 million and a price-to-earnings ratio of 4.05. American Integrity Insurance Group has a one year low of $15.77 and a one year high of $26.36. The business’s 50-day simple moving average is $19.22 and its two-hundred day simple moving average is $20.64.

Analyst Upgrades and Downgrades

AII has been the topic of a number of research analyst reports. Citizens Jmp lifted their price target on shares of 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. Citigroup reaffirmed a “market outperform” rating on shares of American Integrity Insurance Group in a research report on Friday, January 16th. Keefe, Bruyette & Woods upped their price target 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 set a $28.00 target price on American Integrity Insurance Group in a report on Friday, January 16th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of American Integrity Insurance Group in a research report on Wednesday, January 21st. Six research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, American Integrity Insurance Group currently has a consensus rating of “Moderate Buy” and an average target price of $28.00.

Insider Activity at American Integrity Insurance Group

In other American Integrity Insurance Group news, CEO Robert C. Ritchie sold 59,554 shares of the stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $19.00, for a total transaction of $1,131,526.00. Following the transaction, the chief executive officer owned 2,417,212 shares of the company’s stock, valued at $45,927,028. This trade represents a 2.40% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder James E. Sowell sold 295,037 shares of American Integrity Insurance Group stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $19.00, for a total value of $5,605,703.00. Following the completion of the transaction, the insider owned 4,473,824 shares of the company’s stock, valued at approximately $85,002,656. The trade was a 6.19% decrease in their position. The SEC filing for this sale provides additional information.

Institutional Trading of American Integrity Insurance Group

Several hedge funds have recently made changes to their positions in the stock. NewEdge Advisors LLC bought a new position in American Integrity Insurance Group during the 4th quarter worth $33,000. New York State Common Retirement Fund bought a new stake in American Integrity Insurance Group in the 4th quarter valued at about $42,000. Police & Firemen s Retirement System of New Jersey boosted its stake in American Integrity Insurance Group by 172.7% during the 4th quarter. Police & Firemen s Retirement System of New Jersey now owns 2,446 shares of the company’s stock valued at $51,000 after purchasing an additional 1,549 shares during the period. JPMorgan Chase & Co. bought a new position in American Integrity Insurance Group in the 3rd quarter worth about $72,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of American Integrity Insurance Group in the third quarter valued at approximately $83,000.

American Integrity Insurance Group Company Profile

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.