American Integrity Insurance Group (NYSE:AII) Given New $28.00 Price Target at Keefe, Bruyette & Woods

American Integrity Insurance Group (NYSE:AII) had its price objective decreased by Keefe, Bruyette & Woods from $29.00 to $28.00 in a research note issued to investors on Monday morning,Benzinga reports. Keefe, Bruyette & Woods currently has an outperform rating on the stock.

AII has been the topic of several other reports. Weiss Ratings reissued 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 report on Friday, January 16th. Raymond James Financial set a $28.00 target price on shares of American Integrity Insurance Group in a research note on Friday, January 16th. Finally, Citizens Jmp boosted their target price on 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. Six equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $27.75.

American Integrity Insurance Group Stock Performance

Shares of AII opened at $18.90 on Monday. The stock has a 50 day moving average price of $19.10 and a 200 day moving average price of $20.77. American Integrity Insurance Group has a one year low of $15.77 and a one year high of $26.36. The stock has a market capitalization of $370.14 million and a price-to-earnings ratio of 3.56.

American Integrity Insurance Group (NYSE:AII) last announced its quarterly earnings data on Tuesday, February 24th. The company reported $1.11 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $68.07 million for the quarter.

American Integrity Insurance Group Announces Dividend

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

Institutional Trading of American Integrity Insurance Group

Several hedge funds have recently made changes to their positions in the company. Franklin Resources Inc. lifted its holdings in American Integrity Insurance Group by 1,840.0% in the third quarter. Franklin Resources Inc. now owns 2,988,329 shares of the company’s stock valued at $66,670,000 after acquiring an additional 2,834,289 shares during the last quarter. Boston Partners raised its position 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 valued at $24,809,000 after purchasing an additional 101,365 shares during the period. Wasatch Advisors LP raised its position in American Integrity Insurance Group by 3.8% in the third quarter. Wasatch Advisors LP now owns 907,338 shares of the company’s stock valued at $20,243,000 after purchasing an additional 33,344 shares during the period. Mink Brook Asset Management LLC lifted its stake in shares of American Integrity Insurance Group by 35.5% in the 4th quarter. Mink Brook Asset Management LLC now owns 648,405 shares of the company’s stock valued at $13,506,000 after purchasing an additional 169,932 shares during the last quarter. Finally, Balyasny Asset Management L.P. purchased a new position in shares of American Integrity Insurance Group during the 2nd quarter worth $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.