American Integrity Insurance Group (NYSE:AII) Given New $29.00 Price Target at Keefe, Bruyette & Woods

American Integrity Insurance Group (NYSE:AII) had its price objective upped by Keefe, Bruyette & Woods from $26.00 to $29.00 in a research note released on Tuesday,Benzinga reports. The firm currently has an outperform rating on the stock.

Several other brokerages also recently commented on AII. Citizens Jmp upped their price target on shares of American Integrity Insurance Group from $26.00 to $28.00 and gave the company a “market outperform” rating in a report on Monday. Raymond James Financial reaffirmed an “outperform” rating and set a $24.00 target price (up previously from $22.00) on shares of American Integrity Insurance Group in a research note on Monday, September 22nd. Citigroup reiterated an “outperform” rating on shares of American Integrity Insurance Group in a report on Tuesday, October 14th. JMP Securities boosted their price objective on American Integrity Insurance Group from $23.00 to $26.00 and gave the company a “market outperform” rating in a report on Tuesday, October 14th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of American Integrity Insurance Group in a research note on Wednesday, October 8th. Seven investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $26.80.

American Integrity Insurance Group Stock Performance

Shares of NYSE AII opened at $23.28 on Tuesday. The company has a market cap of $455.79 million and a P/E ratio of 5.17. American Integrity Insurance Group has a 52-week low of $15.77 and a 52-week high of $26.36. The company has a fifty day moving average of $22.95.

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

Institutional Investors Weigh In On American Integrity Insurance Group

A number of large investors have recently made changes to their positions in AII. Franklin Resources Inc. lifted its position in American Integrity Insurance Group by 1,840.0% during the 3rd quarter. Franklin Resources Inc. now owns 2,988,329 shares of the company’s stock worth $66,670,000 after acquiring an additional 2,834,289 shares during the period. Boston Partners lifted its holdings in shares of American Integrity Insurance Group by 212.5% during the third quarter. Boston Partners now owns 1,089,780 shares of the company’s stock worth $24,316,000 after purchasing an additional 741,002 shares during the period. Wasatch Advisors LP boosted its position in American Integrity Insurance Group by 3.8% in the third quarter. Wasatch Advisors LP now owns 907,338 shares of the company’s stock valued at $20,243,000 after buying an additional 33,344 shares during the last quarter. Balyasny Asset Management L.P. acquired a new position in American Integrity Insurance Group in the 2nd quarter worth approximately $10,409,000. Finally, Mink Brook Asset Management LLC increased its holdings in American Integrity Insurance Group by 12.2% in the 3rd quarter. Mink Brook Asset Management LLC now owns 478,473 shares of the company’s stock worth $10,675,000 after buying an additional 51,933 shares during the period.

About American Integrity Insurance Group

We are a profitable and growing insurance group headquartered in Tampa, Florida. Through our insurance carrier subsidiary, American Integrity Insurance Company of Florida, Inc (“AIICFL”), we provide personal residential property insurance for single-family homeowners and condominium owners as well as coverage for vacant dwellings and investment properties, predominantly in Florida.