American Integrity Insurance Group, Inc. (NYSE:AII) Receives $27.50 Average PT from Brokerages

American Integrity Insurance Group, Inc. (NYSE:AII) has been given an average rating of “Moderate Buy” by the eight brokerages that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $27.50.

A number of research firms have recently issued reports on AII. Keefe, Bruyette & Woods reduced their price target on shares of American Integrity Insurance Group from $28.00 to $27.00 and set an “outperform” rating for the company in a research report on Tuesday, April 7th. Weiss Ratings reiterated a “sell (e+)” rating on shares of American Integrity Insurance Group in a research note on Wednesday, January 21st. Citigroup reiterated a “market outperform” rating on shares of American Integrity Insurance Group in a research report on Friday, January 16th. Finally, Raymond James Financial set a $28.00 target price on shares of American Integrity Insurance Group in a research note on Friday, January 16th.

American Integrity Insurance Group Trading Up 1.3%

Shares of AII stock opened at $19.60 on Thursday. The company has a market capitalization of $383.75 million and a price-to-earnings ratio of 3.69. American Integrity Insurance Group has a 1-year low of $15.77 and a 1-year high of $26.36. The stock’s fifty day simple moving average is $19.08 and its 200-day simple moving average is $20.35.

American Integrity Insurance Group (NYSE:AII) last announced its quarterly earnings data on Tuesday, February 24th. The company reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.32. American Integrity Insurance Group had a return on equity of 36.87% and a net margin of 36.03%.The firm had revenue of $68.07 million during the quarter. On average, sell-side analysts predict that American Integrity Insurance Group will post 2.73 EPS for the current year.

American Integrity Insurance Group Announces Dividend

The company also recently disclosed a special dividend, which was paid on Monday, March 30th. Investors of record on Monday, March 16th were given a dividend of $1.02 per share. The ex-dividend date of this dividend was Monday, March 16th.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Franklin Resources Inc. raised its stake in shares of 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 purchasing an additional 2,834,289 shares in the last quarter. Wasatch Advisors LP grew its stake in shares of American Integrity Insurance Group by 38.6% in the 1st quarter. Wasatch Advisors LP now owns 1,192,192 shares of the company’s stock valued at $22,985,000 after buying an additional 331,766 shares in the last quarter. Boston Partners increased its holdings in American Integrity Insurance Group by 9.3% in the fourth quarter. Boston Partners now owns 1,191,145 shares of the company’s stock worth $24,809,000 after buying an additional 101,365 shares during the last quarter. Mink Brook Asset Management LLC raised its position in American Integrity Insurance Group by 35.5% during the fourth quarter. Mink Brook Asset Management LLC now owns 648,405 shares of the company’s stock valued at $13,506,000 after acquiring an additional 169,932 shares in the last quarter. Finally, Balyasny Asset Management L.P. bought a new position in American Integrity Insurance Group during the second quarter valued at approximately $10,409,000.

About American Integrity Insurance Group

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.