American Integrity Insurance Group, Inc. (NYSE:AII) Receives Consensus Recommendation of “Moderate Buy” from Analysts

American Integrity Insurance Group, Inc. (NYSE:AII) has been assigned an average rating of “Moderate Buy” from the nine ratings firms that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $27.60.

Several equities analysts have commented on AII shares. Raymond James Financial set a $28.00 price target on shares of American Integrity Insurance Group in a research note on Friday, January 16th. Citizens Jmp increased their target price on shares of American Integrity Insurance Group from $26.00 to $28.00 and gave the company a “market outperform” rating in a research report on Monday, November 17th. JMP Securities boosted their price target on shares of American Integrity Insurance Group from $23.00 to $26.00 and gave the company a “market outperform” rating in a research report on Tuesday, October 14th. Weiss Ratings restated a “sell (e+)” rating on shares of American Integrity Insurance Group in a research note on Wednesday, January 21st. Finally, Citigroup reaffirmed a “market outperform” rating on shares of American Integrity Insurance Group in a report on Friday, January 16th.

American Integrity Insurance Group Price Performance

American Integrity Insurance Group stock opened at $18.30 on Friday. The stock has a market cap of $358.31 million and a PE ratio of 4.07. The stock’s fifty day moving average is $19.73 and its two-hundred day moving average is $20.61. American Integrity Insurance Group has a 1-year low of $15.77 and a 1-year high of $26.36.

American Integrity Insurance Group (NYSE:AII) last released its quarterly earnings data on Wednesday, November 12th. The company reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.10. American Integrity Insurance Group had a return on equity of 37.99% and a net margin of 31.63%.The business had revenue of $62.03 million for the quarter.

Insider Buying and Selling

In other American Integrity Insurance Group news, Director Steven E. Smathers sold 171,800 shares of the business’s stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $19.00, for a total value of $3,264,200.00. Following the completion of the sale, the director owned 173,414 shares in the company, valued at approximately $3,294,866. The trade was a 49.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Robert C. Ritchie sold 475,000 shares of the stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $19.00, for a total value of $9,025,000.00. Following the completion of the sale, the chief executive officer directly owned 2,454,500 shares of the company’s stock, valued at $46,635,500. The trade was a 16.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 3,354,591 shares of company stock worth $63,737,229 in the last quarter.

Institutional Investors Weigh In On American Integrity Insurance Group

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Strs Ohio purchased a new stake in American Integrity Insurance Group during the 3rd quarter valued at approximately $33,000. FNY Investment Advisers LLC acquired a new stake in American Integrity Insurance Group in the second quarter valued at $45,000. JPMorgan Chase & Co. purchased a new stake in American Integrity Insurance Group during the third quarter worth about $72,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of American Integrity Insurance Group in the 3rd quarter worth approximately $83,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of American Integrity Insurance Group in the 2nd quarter worth approximately $101,000.

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.