American Integrity Insurance Group (NYSE:AII) Hits New 1-Year High – What’s Next?

American Integrity Insurance Group, Inc. (NYSE:AII) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $26.41 and last traded at $26.10, with a volume of 64098 shares changing hands. The stock had previously closed at $25.56.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Raymond James Financial set a $27.00 price target on shares of American Integrity Insurance Group in a research note on Thursday. Citigroup reaffirmed an “outperform” rating on shares of American Integrity Insurance Group in a research report on Wednesday, August 12th. Wall Street Zen upgraded American Integrity Insurance Group from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. Weiss Ratings upgraded shares of American Integrity Insurance Group from a “sell (d-)” rating to a “sell (d)” rating in a research note on Monday, June 1st. Finally, Citizens Jmp upped their price objective on American Integrity Insurance Group from $25.00 to $26.00 and gave the company a “market outperform” rating in a research note on Wednesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, American Integrity Insurance Group has an average rating of “Moderate Buy” and a consensus price target of $26.50.

American Integrity Insurance Group Stock Up 0.7%

The firm has a market cap of $504.32 million, a PE ratio of 5.72 and a beta of -0.20. The company has a 50-day simple moving average of $19.67 and a two-hundred day simple moving average of $18.90.

American Integrity Insurance Group (NYSE:AII) last issued its quarterly earnings results on Tuesday, August 11th. The company reported $1.78 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.97. The firm had revenue of $115.17 million for the quarter. American Integrity Insurance Group had a return on equity of 26.74% and a net margin of 26.20%. As a group, equities analysts predict that American Integrity Insurance Group, Inc. will post 3.54 earnings per share for the current year.

Insider Activity

In related news, CEO Robert C. Ritchie sold 6,000 shares of the company’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $25.24, for a total value of $151,440.00. Following the sale, the chief executive officer directly owned 2,133,611 shares of the company’s stock, valued at $53,852,341.64. This represents a 0.28% decrease in their ownership of the stock. 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 purchased 79,497 shares of the business’s stock in a transaction that occurred on Tuesday, June 9th. The stock was bought at an average price of $16.85 per share, for a total transaction of $1,339,524.45. Following the purchase, the insider directly owned 4,610,180 shares in the company, valued at $77,681,533. The trade was a 1.75% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders have acquired 139,356 shares of company stock valued at $2,351,702 and have sold 224,984 shares valued at $4,991,426. Corporate insiders own 16.40% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. NewEdge Advisors LLC bought a new position in shares of American Integrity Insurance Group in the fourth quarter worth approximately $33,000. New York State Common Retirement Fund bought a new stake in shares of American Integrity Insurance Group in the 4th quarter valued at approximately $42,000. Police & Firemen s Retirement System of New Jersey lifted its holdings in shares of American Integrity Insurance Group by 172.7% in the 4th quarter. Police & Firemen s Retirement System of New Jersey now owns 2,446 shares of the company’s stock worth $51,000 after acquiring an additional 1,549 shares during the last quarter. JPMorgan Chase & Co. purchased a new position in American Integrity Insurance Group during the 3rd quarter valued at $72,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in American Integrity Insurance Group during the 3rd quarter valued at about $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.