American Integrity Insurance Group (NYSE:AII) Issues Quarterly Earnings Results, Beats Estimates By $0.15 EPS

Key Points

• American Integrity Insurance Group reported a quarterly EPS of $1.84, surpassing analysts' expectations by $0.15.
• The stock price rose 0.6% to $17.90 after the earnings announcement, with a one-year price range of $15.77 to $19.45.
• Analysts have a consensus rating of "Moderate Buy", with a target price of $21.50, and several firms have recently issued buy and outperform ratings.

American Integrity Insurance Group (NYSE:AII - Get Free Report) announced its quarterly earnings results on Tuesday. The company reported $1.84 EPS for the quarter, topping the consensus estimate of $1.69 by $0.15, Zacks reports.

American Integrity Insurance Group Stock Up 0.6%

AII stock traded up $0.11 during mid-day trading on Tuesday, reaching $17.90. 47,517 shares of the stock traded hands, compared to its average volume of 72,508. American Integrity Insurance Group has a one year low of $15.77 and a one year high of $19.45. The company has a 50-day simple moving average of $17.50.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Piper Sandler assumed coverage on American Integrity Insurance Group in a research report on Monday, June 2nd. They set an "overweight" rating and a $20.00 price objective for the company. Keefe, Bruyette & Woods assumed coverage on American Integrity Insurance Group in a report on Monday, June 2nd. They set an "outperform" rating on the stock. Citigroup assumed coverage on American Integrity Insurance Group in a report on Monday, June 2nd. They set an "outperform" rating on the stock. Wall Street Zen upgraded American Integrity Insurance Group to a "hold" rating in a report on Thursday, May 22nd. Finally, Raymond James Financial assumed coverage on American Integrity Insurance Group in a report on Monday, June 2nd. They set an "outperform" rating and a $20.00 target price on the stock. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $21.50.

Institutional Trading of American Integrity Insurance Group

An institutional investor recently bought a new position in American Integrity Insurance Group stock. XTX Topco Ltd acquired a new position in shares of American Integrity Insurance Group, Inc. (NYSE:AII - Free Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 10,445 shares of the company's stock, valued at approximately $192,000. XTX Topco Ltd owned 0.05% of American Integrity Insurance Group at the end of the most recent reporting period.

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.

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