Insider Buying: American Integrity Insurance Group (NYSE:AII) Director Acquires $50,460.00 in Stock

American Integrity Insurance Group, Inc. (NYSE:AII) Director Steven Mathis purchased 3,000 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The stock was acquired at an average price of $16.82 per share, for a total transaction of $50,460.00. Following the purchase, the director owned 6,126 shares in the company, valued at approximately $103,039.32. The trade was a 95.97% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

American Integrity Insurance Group Stock Performance

Shares of AII opened at $16.36 on Friday. American Integrity Insurance Group, Inc. has a 52-week low of $15.77 and a 52-week high of $26.36. The business’s fifty day moving average is $18.55 and its 200-day moving average is $19.45. The firm has a market cap of $320.39 million and a price-to-earnings ratio of 3.73.

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on AII shares. Keefe, Bruyette & Woods decreased their price target on American Integrity Insurance Group from $28.00 to $27.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 7th. Citizens Jmp cut their price objective on American Integrity Insurance Group from $28.00 to $25.00 and set a “market outperform” rating on the stock in a report on Wednesday, May 13th. Citigroup reissued an “outperform” rating on shares of American Integrity Insurance Group in a report on Wednesday, May 13th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of American Integrity Insurance Group in a report on Monday, May 4th. Six analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $26.75.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE lifted its holdings in American Integrity Insurance Group by 0.8% during the 1st quarter. Bank of America Corp DE now owns 293,443 shares of the company’s stock worth $5,658,000 after buying an additional 2,193 shares during the period. Lazard Asset Management LLC acquired a new position in shares of American Integrity Insurance Group in the 1st quarter valued at about $443,000. State of Wyoming acquired a new position in shares of American Integrity Insurance Group in the 1st quarter valued at about $134,000. Bank of New York Mellon Corp lifted its stake in shares of American Integrity Insurance Group by 13.3% in the 1st quarter. Bank of New York Mellon Corp now owns 41,862 shares of the company’s stock valued at $807,000 after purchasing an additional 4,901 shares during the period. Finally, Emerald Advisers LLC lifted its stake in shares of American Integrity Insurance Group by 23.7% in the 1st quarter. Emerald Advisers LLC now owns 39,127 shares of the company’s stock valued at $754,000 after purchasing an additional 7,506 shares during the period.

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.