American Integrity Insurance Group (NYSE:AII) Reaches New 1-Year High - Still a Buy?

Key Points

• American Integrity Insurance Group reached a new 52-week high of $26.41, with shares recently trading at $26.10 and a market capitalization of about $504 million.
• Analyst sentiment is broadly positive: the stock carries a “Moderate Buy” consensus rating and an average price target of $26.50, with recent upgrades including a “Strong Buy” from Zacks Research.
• The company reported quarterly EPS of $1.78, more than double the $0.81 analyst consensus, alongside $115.17 million in revenue, a 26.2% net margin and 26.74% return on equity.

American Integrity Insurance Group, Inc. (NYSE:AII - Get Free Report) hit a new 52-week high on Friday . The company traded as high as $26.41 and last traded at $26.10, with a volume of 64098 shares. The stock had previously closed at $25.56.

Analyst Ratings Changes

Several research firms recently weighed in on AII. Citigroup restated an "outperform" rating on shares of American Integrity Insurance Group in a report on Wednesday, August 12th. Zacks Research raised shares of American Integrity Insurance Group from a "hold" rating to a "strong-buy" rating in a report on Monday. Citizens Jmp increased their price objective on American Integrity Insurance Group from $25.00 to $26.00 and gave the stock a "market outperform" rating in a report on Wednesday, August 12th. Wall Street Zen upgraded American Integrity Insurance Group from a "hold" rating to a "buy" rating in a research note on Saturday, August 15th. Finally, Raymond James Financial set a $27.00 target price on American Integrity Insurance Group in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $26.50.

American Integrity Insurance Group Trading Up 0.7%

The stock has a market capitalization of $504.32 million, a price-to-earnings ratio of 5.72 and a beta of -0.20. The firm has a 50-day moving average of $19.67 and a 200-day moving average of $18.90.

American Integrity Insurance Group (NYSE:AII - Get Free Report) last issued its quarterly earnings data on Tuesday, August 11th. The company reported $1.78 EPS for the quarter, topping analysts' consensus estimates of $0.81 by $0.97. The business had revenue of $115.17 million for the quarter. American Integrity Insurance Group had a net margin of 26.20% and a return on equity of 26.74%. On average, equities research analysts anticipate that American Integrity Insurance Group, Inc. will post 3.54 EPS for the current year.

Insider Activity at American Integrity Insurance Group

In other American Integrity Insurance Group news, major shareholder James E. Sowell bought 79,497 shares of American Integrity Insurance Group stock in a transaction on Tuesday, June 9th. The shares were bought at an average price of $16.85 per share, for a total transaction of $1,339,524.45. Following the completion of the transaction, the insider directly owned 4,610,180 shares of the company's stock, valued at $77,681,533. This trade represents a 1.75% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Robert C. Ritchie sold 50,000 shares of the business's stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $23.65, for a total value of $1,182,500.00. Following the completion of the sale, the chief executive officer directly owned 2,227,013 shares in the company, valued at approximately $52,668,857.45. The trade was a 2.20% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders purchased 139,356 shares of company stock valued at $2,351,702 and sold 224,984 shares valued at $4,991,426. Corporate insiders own 16.40% of the company's stock.

Institutional Investors Weigh In On American Integrity Insurance Group

A number of institutional investors have recently added to or reduced their stakes in the business. FJ Capital Management LLC grew its position in American Integrity Insurance Group by 1,261.6% in the fourth quarter. FJ Capital Management LLC now owns 153,491 shares of the company's stock valued at $3,197,000 after acquiring an additional 142,218 shares in the last quarter. Wasatch Advisors LP grew its holdings in shares of American Integrity Insurance Group by 38.6% during the first quarter. Wasatch Advisors LP now owns 1,192,192 shares of the company's stock valued at $22,985,000 after buying an additional 331,766 shares in the last quarter. Pacific Ridge Capital Partners LLC grew its stake in American Integrity Insurance Group by 24.0% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 310,325 shares of the company's stock valued at $6,464,000 after purchasing an additional 60,072 shares in the last quarter. Lazard Asset Management LLC bought a new position in American Integrity Insurance Group during the first quarter valued at about $443,000. Finally, State of Wyoming acquired a new position in American Integrity Insurance Group in the 1st quarter valued at $134,000.

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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