American Integrity Insurance Group (NYSE:AII) Issues Earnings Results

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 earnings results on Tuesday. The company reported $1.84 EPS for the quarter, beating analysts' consensus estimates of $1.69 by $0.15, Zacks reports.

American Integrity Insurance Group Stock Performance

Shares of NYSE:AII traded up $0.42 during midday trading on Friday, reaching $19.08. 116,736 shares of the company were exchanged, compared to its average volume of 64,360. American Integrity Insurance Group has a one year low of $15.77 and a one year high of $19.61. The company's fifty day moving average is $17.60.

Hedge Funds Weigh In On American Integrity Insurance Group

Institutional investors and hedge funds have recently made changes to their positions in the business. Adage Capital Partners GP L.L.C. purchased a new position in shares of American Integrity Insurance Group in the 2nd quarter worth $1,882,000. Hudson Bay Capital Management LP purchased a new position in shares of American Integrity Insurance Group in the 2nd quarter worth $1,771,000. Geode Capital Management LLC bought a new stake in shares of American Integrity Insurance Group in the 2nd quarter worth about $1,382,000. Shay Capital LLC bought a new stake in shares of American Integrity Insurance Group in the 2nd quarter worth about $1,103,000. Finally, Soros Fund Management LLC bought a new stake in shares of American Integrity Insurance Group in the 2nd quarter worth about $736,000.

Analyst Ratings Changes

AII has been the subject of a number of analyst reports. JMP Securities set a $23.00 price objective on shares of American Integrity Insurance Group and gave the stock an "outperform" rating in a research note on Monday, June 2nd. Wall Street Zen raised shares of American Integrity Insurance Group to a "hold" rating in a research note on Thursday, May 22nd. Keefe, Bruyette & Woods initiated coverage on shares of American Integrity Insurance Group in a research note on Monday, June 2nd. They issued an "outperform" rating for the company. Citizens Jmp initiated coverage on shares of American Integrity Insurance Group in a research note on Monday, June 2nd. They issued an "outperform" rating and a $23.00 price objective for the company. Finally, Raymond James Financial initiated coverage on shares of American Integrity Insurance Group in a research report on Monday, June 2nd. They set an "outperform" rating and a $20.00 target price for the company. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $21.50.

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.