American Integrity Insurance Group (NYSE:AII) Director Acquires $49,271.00 in Stock

American Integrity Insurance Group, Inc. (NYSE:AII) Director Steven Smathers bought 2,900 shares of American Integrity Insurance Group stock in a transaction that occurred on Friday, May 22nd. The stock was purchased at an average cost of $16.99 per share, with a total value of $49,271.00. Following the completion of the transaction, the director owned 177,827 shares of the company’s stock, valued at $3,021,280.73. This trade represents a 1.66% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

American Integrity Insurance Group Price Performance

Shares of AII stock opened at $16.36 on Friday. The stock has a market cap of $320.39 million and a P/E ratio of 3.73. American Integrity Insurance Group, Inc. has a one year low of $15.77 and a one year high of $26.36. The stock has a fifty day moving average price of $18.55 and a 200 day moving average price of $19.45.

American Integrity Insurance Group (NYSE:AII) last issued its earnings results on Tuesday, May 12th. The company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.94 by $0.09. The firm had revenue of $90.93 million during the quarter. American Integrity Insurance Group had a return on equity of 27.04% and a net margin of 27.56%. Equities research analysts anticipate that American Integrity Insurance Group, Inc. will post 2.73 EPS for the current year.

Wall Street Analyst Weigh In

AII has been the subject of several research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of American Integrity Insurance Group in a research report on Monday, May 4th. Citigroup reaffirmed an “outperform” rating on shares of American Integrity Insurance Group in a research report on Wednesday, May 13th. Keefe, Bruyette & Woods reduced their target price on American Integrity Insurance Group from $28.00 to $27.00 and set an “outperform” rating for the company in a research report on Tuesday, April 7th. Finally, Citizens Jmp reduced their target price on American Integrity Insurance Group from $28.00 to $25.00 and set a “market outperform” rating for the company in a research report on Wednesday, May 13th. Six analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, American Integrity Insurance Group presently has an average rating of “Moderate Buy” and an average price target of $26.75.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Strs Ohio bought a new position in shares of American Integrity Insurance Group during the third quarter valued at $33,000. NewEdge Advisors LLC bought a new position in shares of American Integrity Insurance Group during the fourth quarter valued at $33,000. New York State Common Retirement Fund bought a new position in shares of American Integrity Insurance Group during the fourth quarter valued at $42,000. Police & Firemen s Retirement System of New Jersey lifted its holdings in shares of American Integrity Insurance Group by 172.7% during the fourth quarter. Police & Firemen s Retirement System of New Jersey now owns 2,446 shares of the company’s stock valued at $51,000 after acquiring an additional 1,549 shares during the period. Finally, JPMorgan Chase & Co. bought a new position in shares of American Integrity Insurance Group during the third quarter valued at $72,000.

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.