American Integrity Insurance Group, Inc. (NYSE:AII) Sees Large Increase in Short Interest

Key Points

• Short interest surged 95.3% to 230,451 shares as of March 31, equal to about 1.2% of the stock and a days-to-cover ratio of 1.4 based on average daily volume.
• American Integrity beat quarterly EPS estimates ($1.11 vs. $0.79), reported strong profitability (net margin 36.0%, ROE 36.9%), and paid a special dividend of $1.02 per share (paid Mar 30, record/ex‑dividend Mar 16).
• Shares trade near $18.27 with a P/E of 3.44 and market cap of about $357.7M, and analysts hold a consensus "Moderate Buy" rating with a $27.50 target (six Buys, one Hold, one Sell).

American Integrity Insurance Group, Inc. (NYSE:AII - Get Free Report) was the target of a significant growth in short interest in March. As of March 31st, there was short interest totaling 230,451 shares, a growth of 95.3% from the March 15th total of 118,026 shares. Currently, 1.2% of the company's stock are short sold. Based on an average daily volume of 170,645 shares, the days-to-cover ratio is currently 1.4 days.

American Integrity Insurance Group Stock Up 0.2%

Shares of NYSE:AII opened at $18.27 on Monday. American Integrity Insurance Group has a fifty-two week low of $15.77 and a fifty-two week high of $26.36. The firm's 50 day moving average price is $18.91 and its 200 day moving average price is $20.58. The stock has a market cap of $357.73 million and a price-to-earnings ratio of 3.44.

American Integrity Insurance Group (NYSE:AII - Get Free Report) last released its quarterly earnings data on Tuesday, February 24th. The company reported $1.11 earnings per share for the quarter, topping analysts' consensus estimates of $0.79 by $0.32. American Integrity Insurance Group had a net margin of 36.03% and a return on equity of 36.87%. The company had revenue of $68.07 million for the quarter.

American Integrity Insurance Group Announces Dividend

The business also recently disclosed a special dividend, which was paid on Monday, March 30th. Shareholders of record on Monday, March 16th were issued a dividend of $1.02 per share. The ex-dividend date of this dividend was Monday, March 16th.

Analysts Set New Price Targets

AII has been the topic of several analyst reports. Keefe, Bruyette & Woods reduced their target price on shares of American Integrity Insurance Group from $28.00 to $27.00 and set an "outperform" rating on the stock in a report on Tuesday, April 7th. Citigroup reaffirmed 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 report on Friday, January 16th. Finally, Weiss Ratings reaffirmed a "sell (e+)" rating on shares of American Integrity Insurance Group in a report on Wednesday, January 21st. Six 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. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $27.50.

Institutional Trading of American Integrity Insurance Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC acquired a new stake in American Integrity Insurance Group during the fourth quarter worth approximately $33,000. Strs Ohio acquired a new stake in American Integrity Insurance Group during the third quarter worth approximately $33,000. New York State Common Retirement Fund acquired a new stake in American Integrity Insurance Group during the fourth quarter worth approximately $42,000. Police & Firemen s Retirement System of New Jersey raised its holdings in American Integrity Insurance Group by 172.7% during the fourth quarter. Police & Firemen s Retirement System of New Jersey now owns 2,446 shares of the company's stock worth $51,000 after purchasing an additional 1,549 shares in the last quarter. Finally, JPMorgan Chase & Co. acquired a new stake in American Integrity Insurance Group during the third quarter worth approximately $72,000.

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.

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