American Integrity Insurance Group, Inc. (NYSE:AII) Given Average Recommendation of "Moderate Buy" by Analysts

Key Points

• American Integrity Insurance Group, Inc. has received a consensus recommendation of "Moderate Buy" from analysts, with seven out of eight firms providing buy ratings.
• The average 12-month target price for the stock is $21.50, reflecting positive sentiment from investors.
• In its latest quarterly earnings, the company reported $1.84 earnings per share, surpassing consensus estimates of $1.69.

American Integrity Insurance Group, Inc. (NYSE:AII - Get Free Report) has been assigned an average rating of "Moderate Buy" from the eight research firms that are currently covering the stock, MarketBeat.com reports. One investment 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 updated their coverage on the stock in the last year is $22.00.

A number of brokerages recently commented on AII. Wall Street Zen upgraded American Integrity Insurance Group to a "hold" rating in a report on Thursday, May 22nd. Keefe, Bruyette & Woods began coverage on American Integrity Insurance Group in a report on Monday, June 2nd. They set an "outperform" rating for the company. Citigroup began coverage on American Integrity Insurance Group in a report on Monday, June 2nd. They set an "outperform" rating for the company. Citizens Jmp began coverage on American Integrity Insurance Group in a report on Monday, June 2nd. They set an "outperform" rating and a $23.00 target price for the company. Finally, Piper Sandler restated an "overweight" rating on shares of American Integrity Insurance Group in a report on Thursday, August 14th.

Institutional Investors Weigh In On American Integrity Insurance Group

A number of institutional investors have recently modified their holdings of the stock. Hudson Bay Capital Management LP purchased a new stake in shares of American Integrity Insurance Group during the second quarter valued at $1,771,000. State of Tennessee Department of Treasury purchased a new stake in shares of American Integrity Insurance Group during the second quarter valued at $337,000. Wasatch Advisors LP purchased a new stake in shares of American Integrity Insurance Group during the second quarter valued at $16,073,000. Shay Capital LLC purchased a new stake in shares of American Integrity Insurance Group during the second quarter valued at $1,103,000. Finally, Oxford Asset Management LLP purchased a new stake in shares of American Integrity Insurance Group during the second quarter valued at $273,000.

American Integrity Insurance Group Price Performance

NYSE:AII traded down $0.27 during mid-day trading on Friday, reaching $18.05. The stock had a trading volume of 46,802 shares, compared to its average volume of 63,707. The company has a 50 day moving average price of $17.71. American Integrity Insurance Group has a one year low of $15.77 and a one year high of $19.61.

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

American Integrity Insurance Group Company Profile

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.