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

American Integrity Insurance Group, Inc. (NYSE:AII) has been assigned an average recommendation of “Moderate Buy” from the eight brokerages that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $27.75.

AII has been the subject of a number of analyst reports. Raymond James Financial set a $28.00 target price on shares of American Integrity Insurance Group in a research note on Friday, January 16th. Citigroup reaffirmed a “market outperform” rating on shares of American Integrity Insurance Group in a research report on Friday, January 16th. Keefe, Bruyette & Woods lowered their price objective on American Integrity Insurance Group from $29.00 to $28.00 and set an “outperform” rating for the company in a research report on Monday, March 9th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of American Integrity Insurance Group in a research note on Wednesday, January 21st.

American Integrity Insurance Group Price Performance

Shares of AII stock opened at $18.66 on Friday. The stock has a market capitalization of $365.36 million and a PE ratio of 3.51. The business’s 50 day simple moving average is $18.86 and its 200 day simple moving average is $20.71. American Integrity Insurance Group has a one year low of $15.77 and a one year high of $26.36.

American Integrity Insurance Group (NYSE:AII) last issued its quarterly earnings results on Tuesday, February 24th. The company reported $1.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.32. American Integrity Insurance Group had a net margin of 36.03% and a return on equity of 36.87%. The firm had revenue of $68.07 million for the quarter.

American Integrity Insurance Group Dividend Announcement

The firm also recently announced a special dividend, which will be paid on Monday, March 30th. Shareholders of record on Monday, March 16th will be issued a $1.02 dividend. The ex-dividend date is Monday, March 16th.

Hedge Funds Weigh In On American Integrity Insurance Group

A number of institutional investors and hedge funds have recently modified their holdings of AII. SG Americas Securities LLC increased its stake in shares of American Integrity Insurance Group by 6.6% in the 4th quarter. SG Americas Securities LLC now owns 12,929 shares of the company’s stock valued at $269,000 after acquiring an additional 796 shares in the last quarter. Strs Ohio acquired a new stake in American Integrity Insurance Group in the third quarter worth $33,000. Police & Firemen s Retirement System of New Jersey grew its holdings in American Integrity Insurance Group by 172.7% in the fourth quarter. Police & Firemen s Retirement System of New Jersey now owns 2,446 shares of the company’s stock worth $51,000 after purchasing an additional 1,549 shares during the period. NewEdge Advisors LLC bought a new stake in American Integrity Insurance Group in the fourth quarter valued at $33,000. Finally, New York State Common Retirement Fund bought a new stake in American Integrity Insurance Group in the fourth quarter valued at $42,000.

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.