American Integrity Insurance Group, Inc. (NYSE:AII) Stock Has Average Price Target of $26.50 According to Analysts

American Integrity Insurance Group, Inc. (NYSE:AII) has been assigned a consensus recommendation of “Moderate Buy” from the six research firms that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $26.50.

Several analysts have recently weighed in on AII shares. Zacks Research upgraded American Integrity Insurance Group from a “hold” rating to a “strong-buy” rating in a report on Monday, August 17th. Piper Sandler lifted their target price on American Integrity Insurance Group from $23.00 to $26.00 and gave the stock an “overweight” rating in a report on Thursday, August 13th. Weiss Ratings reiterated a “sell (d)” rating on shares of American Integrity Insurance Group in a research report on Thursday, August 27th. 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, Raymond James Financial set a $27.00 price objective on shares of American Integrity Insurance Group in a research report on Thursday, August 20th.

Insider Activity at American Integrity Insurance Group

In related news, CEO Robert Ritchie sold 9,174 shares of the stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $25.92, for a total transaction of $237,790.08. Following the completion of the sale, the chief executive officer directly owned 1,883,997 shares of the company’s stock, valued at $48,833,202.24. This represents a 0.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders have sold 474,598 shares of company stock valued at $11,513,818. 16.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Hsbc Holdings PLC lifted its position in shares of American Integrity Insurance Group by 88.5% during the 2nd quarter. Hsbc Holdings PLC now owns 22,949 shares of the company’s stock valued at $439,000 after acquiring an additional 10,775 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of American Integrity Insurance Group in the 2nd quarter worth $272,000. Bank of America Corp DE acquired a new stake in shares of American Integrity Insurance Group during the second quarter worth $3,942,000. Freestone Grove Partners LP acquired a new stake in shares of American Integrity Insurance Group during the second quarter worth $9,251,000. Finally, Man Group plc purchased a new stake in shares of American Integrity Insurance Group during the second quarter valued at $1,309,000.

American Integrity Insurance Group Trading Up 1.2%

AII stock opened at $25.26 on Friday. American Integrity Insurance Group has a 52 week low of $16.19 and a 52 week high of $27.00. The company has a market capitalization of $494.82 million, a price-to-earnings ratio of 5.61 and a beta of -0.08. The firm’s 50-day moving average is $23.54 and its two-hundred day moving average is $20.17.

American Integrity Insurance Group (NYSE:AII) last released its earnings results on Tuesday, August 11th. The company reported $1.78 earnings per share for the quarter, topping 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 3.82 earnings per share for the current year.

American Integrity Insurance Group Company Profile

American Integrity Insurance Group, Inc is a property and casualty insurance holding company that provides residential property insurance through its operating subsidiaries. The company focuses primarily on personal lines coverage for homeowners and other residential policyholders.

Its product offerings include homeowners insurance, condominium unit owners insurance, renters insurance, dwelling fire coverage and insurance for manufactured homes. These policies generally provide protection against covered property damage and related liabilities, subject to the terms, conditions and exclusions of each policy.

Founded in 2006, American Integrity serves customers in Florida, Georgia and South Carolina.