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 received an average rating of “Moderate Buy” from the nine brokerages that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $26.80.

A number of brokerages have commented on AII. Piper Sandler increased their price objective on shares of American Integrity Insurance Group from $22.00 to $27.00 and gave the stock an “overweight” rating in a report on Monday, October 6th. Weiss Ratings reissued a “sell (e+)” rating on shares of American Integrity Insurance Group in a research note on Wednesday, October 8th. JMP Securities boosted their price objective on shares of American Integrity Insurance Group from $23.00 to $26.00 and gave the stock a “market outperform” rating in a research report on Tuesday, October 14th. Keefe, Bruyette & Woods upped their price objective on American Integrity Insurance Group from $26.00 to $29.00 and gave the stock an “outperform” rating in a report on Tuesday, November 18th. Finally, Citizens Jmp increased their price objective on 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.

Insider Buying and Selling

In other news, major shareholder James E. Sowell sold 295,037 shares of the firm’s stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $19.00, for a total value of $5,605,703.00. Following the transaction, the insider owned 4,473,824 shares of the company’s stock, valued at approximately $85,002,656. This trade represents a 6.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Steven E. Smathers sold 171,800 shares of American Integrity Insurance Group stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $19.00, for a total transaction of $3,264,200.00. Following the sale, the director owned 173,414 shares of the company’s stock, valued at approximately $3,294,866. This represents a 49.77% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 3,354,591 shares of company stock worth $63,737,229 over the last three months.

Hedge Funds Weigh In On American Integrity Insurance Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Strs Ohio acquired a new stake in American Integrity Insurance Group during the 3rd quarter worth $33,000. FNY Investment Advisers LLC acquired a new stake in shares of American Integrity Insurance Group during the second quarter worth $45,000. JPMorgan Chase & Co. acquired a new stake in shares of American Integrity Insurance Group during the third quarter worth $72,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in American Integrity Insurance Group in the third quarter valued at about $83,000. Finally, Raymond James Financial Inc. acquired a new position in American Integrity Insurance Group in the second quarter valued at about $101,000.

American Integrity Insurance Group Stock Performance

Shares of AII opened at $20.41 on Friday. The company has a market cap of $399.63 million and a price-to-earnings ratio of 4.54. The stock has a fifty day moving average price of $22.32 and a two-hundred day moving average price of $20.03. American Integrity Insurance Group has a 52-week low of $15.77 and a 52-week high of $26.36.

American Integrity Insurance Group (NYSE:AII) last announced its earnings results on Wednesday, November 12th. The company reported $0.71 earnings per share 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 company had revenue of $62.03 million during the quarter.

American Integrity Insurance Group Company Profile

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.