Brokerages Set American Integrity Insurance Group, Inc. (NYSE:AII) Target Price at $28.00

Shares of American Integrity Insurance Group, Inc. (NYSE:AII) have received a consensus rating of “Moderate Buy” from the eight ratings firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and six have issued a buy recommendation on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $28.00.

Several equities analysts recently weighed in on the stock. Raymond James Financial set a $28.00 target price on shares of American Integrity Insurance Group in a research note on Friday, January 16th. Keefe, Bruyette & Woods upped their price target on shares of American Integrity Insurance Group from $26.00 to $29.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 18th. Citizens Jmp increased their price target 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. Weiss Ratings reissued a “sell (e+)” rating on shares of American Integrity Insurance Group in a research report on Wednesday, January 21st. Finally, Citigroup restated a “market outperform” rating on shares of American Integrity Insurance Group in a research note on Friday, January 16th.

American Integrity Insurance Group Stock Performance

Shares of NYSE AII opened at $19.61 on Wednesday. The stock has a 50 day moving average price of $19.14 and a 200 day moving average price of $20.72. The stock has a market capitalization of $383.96 million and a PE ratio of 3.69. 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 posted its quarterly earnings results on Tuesday, February 24th. The company reported $1.11 earnings per share 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 for the quarter.

American Integrity Insurance Group Dividend Announcement

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

Institutional Trading of American Integrity Insurance Group

Several institutional investors and hedge funds have recently bought and sold shares of the business. NewEdge Advisors LLC acquired a new position in American Integrity Insurance Group in the 4th quarter valued at about $33,000. XTX Topco Ltd acquired a new stake in American Integrity Insurance Group during the fourth quarter worth approximately $257,000. Verdad Advisers LP acquired a new stake in American Integrity Insurance Group during the fourth quarter worth approximately $782,000. Quadrature Capital Ltd bought a new stake in shares of American Integrity Insurance Group during the fourth quarter worth approximately $737,000. Finally, Occudo Quantitative Strategies LP acquired a new position in shares of American Integrity Insurance Group in the fourth quarter valued at approximately $531,000.

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.