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

Shares of American Integrity Insurance Group, Inc. (NYSE:AII) have earned an average recommendation of “Moderate Buy” from the nine brokerages that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $27.60.

Several brokerages have recently commented on AII. Citizens Jmp upped their price objective on shares of American Integrity Insurance Group from $26.00 to $28.00 and gave the stock a “market outperform” rating in a report on Monday, November 17th. JMP Securities raised their price target on 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. Raymond James Financial set a $28.00 price objective on American Integrity Insurance Group in a research note on Friday, January 16th. Citigroup reissued a “market outperform” rating on shares of American Integrity Insurance Group in a research note on Friday, January 16th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of American Integrity Insurance Group in a research report on Wednesday, January 21st.

American Integrity Insurance Group Stock Down 0.4%

Shares of American Integrity Insurance Group stock opened at $18.30 on Friday. The business’s fifty day simple moving average is $19.73 and its 200-day simple moving average is $20.61. The firm has a market cap of $358.31 million and a PE ratio of 4.07. 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 issued its quarterly earnings data on Wednesday, November 12th. The company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.10. The firm had revenue of $62.03 million for the quarter. American Integrity Insurance Group had a net margin of 31.63% and a return on equity of 37.99%.

Insider Activity at American Integrity Insurance Group

In related news, CEO Robert C. Ritchie sold 475,000 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 $9,025,000.00. Following the completion of the transaction, the chief executive officer owned 2,454,500 shares in the company, valued at approximately $46,635,500. The trade was a 16.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Steven E. Smathers sold 171,800 shares of the 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 in the company, valued at approximately $3,294,866. This trade represents a 49.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 3,354,591 shares of company stock worth $63,737,229.

Institutional Investors Weigh In On American Integrity Insurance Group

Several large investors have recently bought and sold shares of AII. 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 acquired a new stake in American Integrity Insurance Group in the second quarter valued at approximately $45,000. JPMorgan Chase & Co. purchased a new position in American Integrity Insurance Group in the third quarter worth approximately $72,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in 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 in the 2nd quarter valued at 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.