American Integrity Insurance Group, Inc. (NYSE:AII) Short Interest Update

American Integrity Insurance Group, Inc. (NYSE:AII) saw a significant drop in short interest in the month of December. As of December 15th, there was short interest totaling 85,248 shares, a drop of 43.5% from the November 30th total of 150,957 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average daily trading volume, of 178,491 shares, the days-to-cover ratio is presently 0.5 days. Based on an average daily trading volume, of 178,491 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.4% of the company’s shares are sold short.

Analysts Set New Price Targets

Several research firms recently issued reports on AII. Raymond James Financial reissued 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. JMP Securities increased their price target 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. Weiss Ratings reissued a “sell (e+)” rating on shares of American Integrity Insurance Group in a research note on Wednesday, October 8th. Citigroup reaffirmed an “outperform” rating on shares of American Integrity Insurance Group in a research note on Tuesday, October 14th. Finally, Keefe, Bruyette & Woods raised their price target on shares of American Integrity Insurance Group from $26.00 to $29.00 and gave the company an “outperform” rating in a research report on Tuesday, November 18th. Seven equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $26.80.

American Integrity Insurance Group Stock Down 1.0%

Shares of NYSE:AII opened at $20.54 on Friday. American Integrity Insurance Group has a fifty-two week low of $15.77 and a fifty-two week high of $26.36. The firm’s 50 day moving average price is $22.00 and its 200 day moving average price is $20.20. The stock has a market cap of $402.08 million and a price-to-earnings ratio of 4.56.

American Integrity Insurance Group (NYSE:AII) last announced its quarterly earnings data on Wednesday, November 12th. The company reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.10. American Integrity Insurance Group had a net margin of 31.63% and a return on equity of 37.99%. The company had revenue of $62.03 million for the quarter.

Insider Buying and Selling at American Integrity Insurance Group

In related news, Director Steven E. Smathers sold 171,800 shares of American Integrity Insurance Group stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $19.00, for a total value of $3,264,200.00. Following the completion of the sale, the director owned 173,414 shares in the company, valued at approximately $3,294,866. This trade represents a 49.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Robert C. Ritchie sold 59,554 shares of the company’s stock in a transaction on Friday, December 5th. The stock was sold at an average price of $19.00, for a total value of $1,131,526.00. Following the transaction, the chief executive officer owned 2,417,212 shares in the company, valued at $45,927,028. This trade represents a 2.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 3,354,591 shares of company stock worth $63,737,229 over the last three months.

Institutional Trading of American Integrity Insurance Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Strs Ohio purchased a new position in shares of American Integrity Insurance Group in the 3rd quarter valued at about $33,000. FNY Investment Advisers LLC purchased a new position in American Integrity Insurance Group in the second quarter valued at approximately $45,000. JPMorgan Chase & Co. acquired a new stake in American Integrity Insurance Group during the third quarter worth approximately $72,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of American Integrity Insurance Group during the 3rd quarter worth approximately $83,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of American Integrity Insurance Group during the 2nd quarter worth approximately $101,000.

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.