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

Shares of American Integrity Insurance Group, Inc. (NYSE:AII) have earned a consensus rating of “Moderate Buy” from the six brokerages that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $26.75.

Several equities analysts have commented on the stock. Weiss Ratings upgraded shares of American Integrity Insurance Group from a “sell (d-)” rating to a “sell (d)” rating in a report on Monday, June 1st. Citigroup reiterated an “outperform” rating on shares of American Integrity Insurance Group in a report on Wednesday, May 13th. Keefe, Bruyette & Woods decreased their price target on shares of American Integrity Insurance Group from $28.00 to $27.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 7th. Finally, Citizens Jmp decreased their price target on shares of American Integrity Insurance Group from $28.00 to $25.00 and set a “market outperform” rating on the stock in a research note on Wednesday, May 13th.

Insider Activity

In other news, major shareholder James E. Sowell bought 79,497 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The shares were bought at an average price of $16.85 per share, with a total value of $1,339,524.45. Following the completion of the transaction, the insider owned 4,610,180 shares of the company’s stock, valued at $77,681,533. This trade represents a 1.75% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Steven E. Smathers bought 2,900 shares of the firm’s stock in a transaction dated Friday, May 22nd. The stock was purchased at an average cost of $16.99 per share, for a total transaction of $49,271.00. Following the transaction, the director directly owned 177,827 shares of the company’s stock, valued at $3,021,280.73. The trade was a 1.66% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders have bought 142,256 shares of company stock valued at $2,400,973. 16.40% of the stock is owned by insiders.

Hedge Funds Weigh In On American Integrity Insurance Group

Institutional investors and hedge funds have recently modified their holdings of the business. NewEdge Advisors LLC acquired a new position in shares of American Integrity Insurance Group in the fourth quarter valued at about $33,000. New York State Common Retirement Fund acquired a new position in shares of American Integrity Insurance Group in the fourth quarter valued at about $42,000. Police & Firemen s Retirement System of New Jersey grew its position in shares of American Integrity Insurance Group by 172.7% during the 4th quarter. Police & Firemen s Retirement System of New Jersey now owns 2,446 shares of the company’s stock worth $51,000 after purchasing an additional 1,549 shares in the last quarter. JPMorgan Chase & Co. acquired a new position in shares of American Integrity Insurance Group during the 3rd quarter worth approximately $72,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of American Integrity Insurance Group during the 3rd quarter worth approximately $83,000.

American Integrity Insurance Group Stock Down 1.0%

Shares of NYSE AII opened at $16.83 on Friday. The company has a market cap of $329.68 million and a PE ratio of 3.84. American Integrity Insurance Group has a twelve month low of $15.77 and a twelve month high of $26.36. The business’s 50 day moving average price is $18.14 and its two-hundred day moving average price is $19.01.

American Integrity Insurance Group (NYSE:AII) last posted its earnings results on Tuesday, May 12th. The company reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.09. The business had revenue of $90.93 million for the quarter. American Integrity Insurance Group had a return on equity of 27.04% and a net margin of 27.56%. As a group, research analysts anticipate that American Integrity Insurance Group will post 2.73 EPS for the current fiscal 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.