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

American Integrity Insurance Group, Inc. (NYSE:AII) was the recipient of a significant decline in short interest during the month of January. As of January 15th, there was short interest totaling 121,816 shares, a decline of 37.3% from the December 31st total of 194,136 shares. Currently, 0.6% of the company’s stock are sold short. Based on an average trading volume of 123,219 shares, the days-to-cover ratio is presently 1.0 days. Based on an average trading volume of 123,219 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.6% of the company’s stock are sold short.

American Integrity Insurance Group Price Performance

Shares of American Integrity Insurance Group stock opened at $18.65 on Friday. American Integrity Insurance Group has a 52-week low of $15.77 and a 52-week high of $26.36. The firm has a market capitalization of $365.09 million and a PE ratio of 4.14. The company’s fifty day moving average price is $19.99 and its two-hundred day moving average price is $20.57.

American Integrity Insurance Group (NYSE:AII) last posted 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 net margin of 31.63% and a return on equity of 37.99%. The business had revenue of $62.03 million for the quarter.

Analyst Ratings Changes

Several equities analysts recently weighed in on AII shares. Weiss Ratings reissued a “sell (e+)” rating on shares of American Integrity Insurance Group in a research report on Wednesday, January 21st. Keefe, Bruyette & Woods upped their price target 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. Citigroup reissued a “market outperform” rating on shares of American Integrity Insurance Group in a research report on Friday, January 16th. Raymond James Financial set a $28.00 target price on shares of American Integrity Insurance Group in a research report on Friday, January 16th. Finally, Citizens Jmp upped their target price on shares of American Integrity Insurance Group from $26.00 to $28.00 and gave the company a “market outperform” rating in a research note on Monday, November 17th. Seven research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $27.60.

Insiders Place Their Bets

In related news, CEO Robert C. Ritchie sold 59,554 shares of the company’s stock in a transaction on Friday, December 5th. The shares were sold at an average price of $19.00, for a total value of $1,131,526.00. Following the completion of the sale, the chief executive officer directly owned 2,417,212 shares in the company, valued at approximately $45,927,028. This represents a 2.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder James E. Sowell sold 295,037 shares of the stock in a transaction on Friday, December 5th. The stock was sold at an average price of $19.00, for a total transaction of $5,605,703.00. Following the transaction, the insider directly owned 4,473,824 shares in the company, valued at $85,002,656. The trade was a 6.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 3,354,591 shares of company stock valued at $63,737,229 over the last ninety days.

Institutional Trading of American Integrity Insurance Group

Hedge funds have recently modified their holdings of the company. SG Americas Securities LLC grew its position in American Integrity Insurance Group by 6.6% during the 4th quarter. SG Americas Securities LLC now owns 12,929 shares of the company’s stock worth $269,000 after acquiring an additional 796 shares during the last quarter. Strs Ohio acquired a new position in American Integrity Insurance Group in the third quarter worth $33,000. FNY Investment Advisers LLC bought 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 in the third quarter valued at $72,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of American Integrity Insurance Group in the third quarter valued at $83,000.

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.