American Integrity Insurance Group, Inc.'s (NYSE:AII) Quiet Period Will Expire on June 17th

American Integrity Insurance Group's (NYSE:AII - Get Free Report) quiet period is set to end on Tuesday, June 17th. American Integrity Insurance Group had issued 6,875,000 shares in its initial public offering on May 8th. The total size of the offering was $110,000,000 based on an initial share price of $16.00. During the company's quiet period, underwriters and any insiders involved in the IPO are prevented from issuing any research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the end of the company's quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Analysts Set New Price Targets

A number of equities research analysts recently commented on AII shares. Raymond James initiated coverage on shares of American Integrity Insurance Group in a research report on Monday, June 2nd. They issued an "outperform" rating and a $20.00 price objective for the company. William Blair began coverage on American Integrity Insurance Group in a report on Friday, June 6th. They issued an "outperform" rating for the company. Citizens Jmp started coverage on American Integrity Insurance Group in a report on Monday, June 2nd. They set an "outperform" rating and a $23.00 price objective on the stock. Piper Sandler initiated coverage on American Integrity Insurance Group in a report on Monday, June 2nd. They issued an "overweight" rating and a $20.00 target price for the company. Finally, Wall Street Zen upgraded shares of American Integrity Insurance Group to a "hold" rating in a research report on Thursday, May 22nd. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, American Integrity Insurance Group has an average rating of "Moderate Buy" and an average price target of $21.50.

American Integrity Insurance Group Stock Performance

Shares of AII stock traded up $0.44 during mid-day trading on Friday, reaching $16.44. The stock had a trading volume of 191,483 shares, compared to its average volume of 147,299. American Integrity Insurance Group has a 12-month low of $15.77 and a 12-month high of $19.45.

American Integrity Insurance Group (NYSE:AII - Get Free Report) last announced its quarterly earnings results on Monday, June 9th. The company reported $292.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.92 by $290.13. The business had revenue of $71.87 million during the quarter, compared to analysts' expectations of $71.89 million.

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.