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

American Integrity Insurance Group, Inc. (NYSE:AII) has received an average rating of “Moderate Buy” from the seven ratings firms that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, five have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $26.50.

A number of equities analysts have issued reports on AII shares. Raymond James Financial set a $27.00 target price on American Integrity Insurance Group in a research report on Thursday, August 20th. Piper Sandler raised their price target on shares of American Integrity Insurance Group from $23.00 to $26.00 and gave the stock an “overweight” rating in a research report on Thursday, August 13th. Citizens Jmp lifted their price target on shares of American Integrity Insurance Group from $25.00 to $26.00 and gave the stock a “market outperform” rating in a research note on Wednesday, August 12th. Wall Street Zen raised shares of American Integrity Insurance Group from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Finally, Citigroup reiterated an “outperform” rating on shares of American Integrity Insurance Group in a research note on Wednesday, August 12th.

Insider Activity

In other news, CEO Robert C. Ritchie sold 24,614 shares of the company’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $25.68, for a total value of $632,087.52. Following the sale, the chief executive officer owned 2,073,997 shares in the company, valued at approximately $53,260,242.96. This represents a 1.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last quarter, insiders have bought 136,356 shares of company stock valued at $2,301,242 and have sold 284,598 shares valued at $6,501,314. Company insiders own 16.40% of the company’s stock.

Institutional Trading of American Integrity Insurance Group

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Franklin Resources Inc. raised its stake in American Integrity Insurance Group by 1,840.0% during the third quarter. Franklin Resources Inc. now owns 2,988,329 shares of the company’s stock valued at $66,670,000 after buying an additional 2,834,289 shares in the last quarter. Wasatch Advisors LP grew its position in shares of American Integrity Insurance Group by 5.7% in the 2nd quarter. Wasatch Advisors LP now owns 1,260,169 shares of the company’s stock worth $23,729,000 after acquiring an additional 67,977 shares in the last quarter. Boston Partners increased its holdings in shares of American Integrity Insurance Group by 9.3% in the 4th quarter. Boston Partners now owns 1,191,145 shares of the company’s stock valued at $24,809,000 after acquiring an additional 101,365 shares during the last quarter. BlackRock Inc. bought a new stake in shares of American Integrity Insurance Group in the 2nd quarter valued at approximately $16,723,000. Finally, Mink Brook Asset Management LLC raised its position in shares of American Integrity Insurance Group by 35.5% during the 4th quarter. Mink Brook Asset Management LLC now owns 648,405 shares of the company’s stock valued at $13,506,000 after acquiring an additional 169,932 shares in the last quarter.

American Integrity Insurance Group Stock Performance

NYSE:AII opened at $26.30 on Wednesday. American Integrity Insurance Group has a one year low of $16.19 and a one year high of $26.61. The business’s 50-day simple moving average is $20.21 and its 200 day simple moving average is $19.06. The stock has a market cap of $515.14 million, a price-to-earnings ratio of 5.84 and a beta of -0.20.

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. American Integrity Insurance Group had a return on equity of 26.74% and a net margin of 26.20%.The firm had revenue of $115.17 million during the quarter. On average, equities research analysts predict that American Integrity Insurance Group will post 3.79 EPS for the current year.

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.