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

Shares of American Integrity Insurance Group, Inc. (NYSE:AII) have been given a consensus rating of “Moderate Buy” by the six analysts that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $26.75.

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

American Integrity Insurance Group Trading Up 1.4%

Shares of AII opened at $19.29 on Tuesday. American Integrity Insurance Group has a 12-month low of $16.19 and a 12-month high of $26.36. The company has a market cap of $377.87 million, a PE ratio of 4.40 and a beta of -0.14. The stock has a 50-day moving average price of $17.75 and a 200-day moving average price of $18.67.

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

Insider Buying and Selling at American Integrity Insurance Group

In other American Integrity Insurance Group news, Director Steven B. Mathis bought 3,000 shares of American Integrity Insurance Group stock in a transaction dated Tuesday, May 26th. The shares were purchased at an average cost of $16.82 per share, with a total value of $50,460.00. Following the transaction, the director directly owned 6,126 shares of the company’s stock, valued at $103,039.32. This represents a 95.97% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Steven E. Smathers bought 2,900 shares of the firm’s stock in a transaction on Friday, May 22nd. The shares were acquired at an average cost of $16.99 per share, with a total value of $49,271.00. Following the purchase, the director directly owned 177,827 shares of the company’s stock, valued at approximately $3,021,280.73. This represents a 1.66% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders have bought 142,256 shares of company stock valued at $2,400,973. 16.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On American Integrity Insurance Group

Several institutional investors and hedge funds have recently modified their holdings of AII. FJ Capital Management LLC boosted its position in shares of American Integrity Insurance Group by 1,261.6% in the fourth quarter. FJ Capital Management LLC now owns 153,491 shares of the company’s stock worth $3,197,000 after purchasing an additional 142,218 shares during the period. Mink Brook Asset Management LLC boosted its stake in American Integrity Insurance Group by 12.2% during the third quarter. Mink Brook Asset Management LLC now owns 478,473 shares of the company’s stock valued at $10,675,000 after buying an additional 51,933 shares during the last quarter. Pacific Ridge Capital Partners LLC grew its holdings in shares of American Integrity Insurance Group by 24.0% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 310,325 shares of the company’s stock valued at $6,464,000 after purchasing an additional 60,072 shares in the last quarter. Wasatch Advisors LP increased its holdings in shares of American Integrity Insurance Group by 38.6% in the 1st quarter. Wasatch Advisors LP now owns 1,192,192 shares of the company’s stock worth $22,985,000 after buying an additional 331,766 shares during the last quarter. Finally, Dockside LLC bought a new stake in American Integrity Insurance Group during the fourth quarter worth approximately $319,000.

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.