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

Shares of American Integrity Insurance Group, Inc. (NYSE:AII) have earned a consensus recommendation of “Moderate Buy” from the eight research firms that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and six have issued a buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $27.75.

A number of equities analysts recently issued reports on AII shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of American Integrity Insurance Group in a report on Wednesday, January 21st. Citigroup restated a “market outperform” rating on shares of American Integrity Insurance Group in a research note on Friday, January 16th. Keefe, Bruyette & Woods lowered their price objective on shares of American Integrity Insurance Group from $29.00 to $28.00 and set an “outperform” rating on the stock in a report on Monday, March 9th. Finally, Raymond James Financial set a $28.00 price objective on shares of American Integrity Insurance Group in a research note on Friday, January 16th.

American Integrity Insurance Group Stock Performance

AII stock opened at $18.66 on Friday. The stock’s 50 day simple moving average is $18.86 and its 200 day simple moving average is $20.71. The company has a market cap of $365.36 million and a P/E ratio of 3.51. American Integrity Insurance Group has a fifty-two week low of $15.77 and a fifty-two week high of $26.36.

American Integrity Insurance Group (NYSE:AII) last announced its quarterly earnings data on Tuesday, February 24th. The company reported $1.11 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.32. The firm had revenue of $68.07 million during the quarter. American Integrity Insurance Group had a return on equity of 36.87% and a net margin of 36.03%.

American Integrity Insurance Group Announces Dividend

The firm also recently declared a special dividend, which will be paid on Monday, March 30th. Investors of record on Monday, March 16th will be given a $1.02 dividend. The ex-dividend date of this dividend is Monday, March 16th.

Institutional Trading of American Integrity Insurance Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AII. Strs Ohio purchased a new stake in shares of American Integrity Insurance Group in the third quarter worth approximately $33,000. NewEdge Advisors LLC purchased a new position in shares of American Integrity Insurance Group during the fourth quarter valued at approximately $33,000. New York State Common Retirement Fund bought a new stake in American Integrity Insurance Group during the fourth quarter worth $42,000. Police & Firemen s Retirement System of New Jersey raised its position in 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 valued at $51,000 after buying an additional 1,549 shares during the last quarter. Finally, JPMorgan Chase & Co. purchased a new stake in American Integrity Insurance Group in the 3rd quarter valued at $72,000.

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.