American Integrity Insurance Group, Inc. (NYSE:AII) Sees Large Growth in Short Interest

American Integrity Insurance Group, Inc. (NYSE:AII) was the target of a large growth in short interest in September. As of September 30th, there was short interest totaling 460,154 shares, a growth of 100.9% from the September 15th total of 229,025 shares. Currently, 2.8% of the company’s stock are sold short. Based on an average trading volume of 222,526 shares, the days-to-cover ratio is currently 2.1 days.

American Integrity Insurance Group Stock Down 1.1%

Shares of NYSE AII traded down $0.31 during trading on Wednesday, reaching $27.18. 55,334 shares of the stock were exchanged, compared to its average volume of 145,087. The company has a market capitalization of $532.46 million, a price-to-earnings ratio of 6.04 and a beta of 0.02. The business’s 50-day moving average price is $25.25 and its 200 day moving average price is $20.80. American Integrity Insurance Group has a twelve month low of $16.19 and a twelve month high of $27.86.

American Integrity Insurance Group (NYSE:AII) last released its quarterly earnings results on Tuesday, August 11th. The company reported $1.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.97. American Integrity Insurance Group had a net margin of 26.20% and a return on equity of 26.74%. The business had revenue of $115.17 million during the quarter. As a group, sell-side analysts expect that American Integrity Insurance Group will post 3.82 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Wall Street Zen upgraded American Integrity Insurance Group from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. Citigroup reaffirmed an “outperform” rating on shares of American Integrity Insurance Group in a research report on Monday. Keefe, Bruyette & Woods increased their target price on American Integrity Insurance Group from $29.00 to $31.00 and gave the company an “outperform” rating in a research note on Monday. Citizens Jmp raised their target price on American Integrity Insurance Group from $26.00 to $29.00 and gave the company a “market outperform” rating in a report on Monday. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of American Integrity Insurance Group in a report on Thursday, August 27th. One 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.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $28.25.

Trending Headlines about American Integrity Insurance Group

Here are the key news stories impacting American Integrity Insurance Group this week:

• Positive Sentiment: Zacks added AII to its Rank #1 “Strong Buy” value-stock list for October 14. The designation highlights the stock’s low valuation and recent operating performance, including a trailing P/E ratio of approximately 6.1. Best Value Stocks to Buy for October 14th
• Positive Sentiment: Analyst price-target increases continue to support AII. Citizens JMP raised its target from $26 to $29 and maintained a “market outperform” rating, while Keefe, Bruyette & Woods reportedly lifted its target from $29 to $31 and kept an “outperform” rating. The revisions suggest analysts see additional upside after the stock’s recent advance. American Integrity Insurance Group Stock Price Expected to Rise Keefe, Bruyette & Woods Issues Positive Forecast for American Integrity Insurance Group
• Neutral Sentiment: The company’s prior quarterly results provide fundamental support: earnings of $1.78 per share exceeded the $0.81 consensus estimate, while revenue reached $115.17 million. However, the stock is already close to its 52-week high, increasing the market’s sensitivity to disappointing results.
• Negative Sentiment: CEO Robert Ritchie sold a combined 123,564 shares in transactions dated October 9–13 for approximately $3.37 million. The sales reduced his direct position by roughly 6.7%; although he still owns about 1.76 million shares, the concentrated selling could raise concerns about insider confidence or profit-taking at elevated prices. American Integrity Insurance Group CEO Insider Transactions

Insiders Place Their Bets

In related news, CEO Robert Ritchie sold 50,700 shares of the stock in a transaction on Tuesday, October 13th. The stock was sold at an average price of $27.41, for a total value of $1,389,687.00. Following the completion of the sale, the chief executive officer directly owned 1,760,433 shares in the company, valued at approximately $48,253,468.53. This represents a 2.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders have sold 598,162 shares of company stock worth $14,879,357. 16.40% of the stock is currently owned by corporate insiders.

Institutional Trading of American Integrity Insurance Group

A number of hedge funds and other institutional investors have recently modified their holdings of the business. GAMMA Investing LLC lifted its stake in shares of American Integrity Insurance Group by 9,544.4% in the third quarter. GAMMA Investing LLC now owns 1,736 shares of the company’s stock worth $43,000 after acquiring an additional 1,718 shares in the last quarter. Hsbc Holdings PLC grew its stake in 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 purchasing an additional 10,775 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in American Integrity Insurance Group during the 2nd quarter valued at approximately $272,000. Bank of America Corp DE acquired a new stake in American Integrity Insurance Group during the 2nd quarter valued at approximately $3,942,000. Finally, Freestone Grove Partners LP purchased a new stake in American Integrity Insurance Group during the 2nd quarter worth approximately $9,251,000.

American Integrity Insurance Group Company Profile

American Integrity Insurance Group, Inc is an insurance company focused on residential property coverage in catastrophe-exposed markets. Through its insurance subsidiaries, the company primarily serves homeowners and other residential policyholders, with an emphasis on providing protection against risks such as wind, hurricanes and other property-related losses.

Its product offerings include homeowners insurance and related personal-lines products for owner-occupied residences, condominium unit owners, renters and other residential properties.