American Integrity Insurance Group (NYSE:AII) Price Target Cut to $27.00 by Analysts at Keefe, Bruyette & Woods

Key Points

• Keefe, Bruyette & Woods cut its price target to $27 (from $28) but maintained an "outperform" rating, implying roughly a 44.5% upside; MarketBeat's consensus is a "Moderate Buy" with a $27.50 target.
• Shares trade around $18.69 with a low P/E of 3.52 and market cap of about $366M, and the company recently beat Q4 estimates with $1.11 EPS vs. $0.79 while reporting a 36.0% net margin and 36.9% ROE.

American Integrity Insurance Group (NYSE:AII - Get Free Report) had its price objective reduced by investment analysts at Keefe, Bruyette & Woods from $28.00 to $27.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has an "outperform" rating on the stock. Keefe, Bruyette & Woods' target price suggests a potential upside of 44.46% from the stock's previous close.

Other analysts have also issued research reports about the company. Citigroup reissued a "market outperform" rating on shares of American Integrity Insurance Group in a report on Friday, January 16th. Weiss Ratings reiterated a "sell (e+)" rating on shares of American Integrity Insurance Group in a research report on Wednesday, January 21st. Finally, Raymond James Financial set a $28.00 price objective on American Integrity Insurance Group in a research report on Friday, January 16th. Six investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $27.50.

American Integrity Insurance Group Price Performance

AII traded down $0.78 during midday trading on Tuesday, reaching $18.69. 35,862 shares of the company's stock traded hands, compared to its average volume of 143,344. The stock has a market capitalization of $365.95 million and a price-to-earnings ratio of 3.52. American Integrity Insurance Group has a 52 week low of $15.77 and a 52 week high of $26.36. The firm has a fifty day moving average of $18.91 and a two-hundred day moving average of $20.67.

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

Institutional Investors Weigh In On American Integrity Insurance Group

Several institutional investors and hedge funds have recently made changes to their positions in AII. NewEdge Advisors LLC purchased a new position in American Integrity Insurance Group during the fourth quarter valued at approximately $33,000. XTX Topco Ltd purchased a new position in shares of American Integrity Insurance Group during the 4th quarter valued at approximately $257,000. Verdad Advisers LP acquired a new stake in American Integrity Insurance Group in the 4th quarter valued at $782,000. Quadrature Capital Ltd acquired a new stake in American Integrity Insurance Group in the 4th quarter valued at $737,000. Finally, Occudo Quantitative Strategies LP purchased a new stake in American Integrity Insurance Group in the 4th quarter worth $531,000.

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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