Brokerages Set American Integrity Insurance Group, Inc. (NYSE:AII) PT at $22.00

Key Points

• American Integrity Insurance Group, Inc. has received a consensus rating of "Moderate Buy" from analysts, with one hold and seven buy recommendations.
• The average target price for the stock has been set at $22.00, up from previous estimates, indicating positive sentiment among analysts.
• The company reported earnings per share of $1.84 for the most recent quarter, exceeding the consensus estimate by $0.15.

Shares of American Integrity Insurance Group, Inc. (NYSE:AII - Get Free Report) have been given an average rating of "Moderate Buy" by the eight research firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $22.00.

AII has been the topic of several research analyst reports. JMP Securities set a $23.00 target price on American Integrity Insurance Group and gave the company an "outperform" rating in a research note on Monday, June 2nd. Piper Sandler reissued an "overweight" rating on shares of American Integrity Insurance Group in a report on Thursday, August 14th. Oppenheimer initiated coverage on American Integrity Insurance Group in a research report on Monday, June 2nd. They set a "market perform" rating for the company. Keefe, Bruyette & Woods began coverage on American Integrity Insurance Group in a research note on Monday, June 2nd. They set an "outperform" rating for the company. Finally, Citigroup assumed coverage on American Integrity Insurance Group in a research note on Monday, June 2nd. They issued an "outperform" rating for the company.

American Integrity Insurance Group Stock Down 1.2%

AII stock traded down $0.24 during mid-day trading on Wednesday, reaching $19.70. 24,515 shares of the company traded hands, compared to its average volume of 124,764. The company has a fifty day moving average price of $18.44. American Integrity Insurance Group has a 52-week low of $15.77 and a 52-week high of $20.61.

American Integrity Insurance Group (NYSE:AII - Get Free Report) last issued its quarterly earnings results on Tuesday, August 12th. The company reported $1.84 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.69 by $0.15.

Hedge Funds Weigh In On American Integrity Insurance Group

Hedge funds have recently made changes to their positions in the company. FNY Investment Advisers LLC purchased a new position in American Integrity Insurance Group in the second quarter worth approximately $45,000. Emerald Advisers LLC purchased a new stake in American Integrity Insurance Group in the 2nd quarter valued at approximately $653,000. Emerald Mutual Fund Advisers Trust purchased a new stake in shares of American Integrity Insurance Group during the 2nd quarter worth approximately $4,037,000. Boston Partners acquired a new position in shares of American Integrity Insurance Group during the 2nd quarter worth approximately $4,790,000. Finally, Geode Capital Management LLC acquired a new position in American Integrity Insurance Group in the 2nd quarter valued at $1,382,000.

About American Integrity Insurance Group

We are a profitable and growing insurance group headquartered in Tampa, Florida. Through our insurance carrier subsidiary, American Integrity Insurance Company of Florida, Inc (“AIICFL”), we provide personal residential property insurance for single-family homeowners and condominium owners as well as coverage for vacant dwellings and investment properties, predominantly in Florida.