American Integrity Insurance Group (NYSE:AII) Trading Down 0.3% - Here's What Happened

Key Points

• American Integrity Insurance Group's stock price recently decreased by 0.3%, trading around $19.52, with a daily volume decline of 10%.
• Analysts maintain a positive outlook with a consensus rating of "Moderate Buy" and a target price of $22.00, with significant coverage by multiple research firms.
• The company reported earnings of $1.84 per share, surpassing analysts' expectations of $1.69 in its latest quarterly results.

American Integrity Insurance Group, Inc. (NYSE:AII - Get Free Report)'s share price fell 0.3% on Tuesday . The company traded as low as $19.31 and last traded at $19.52. 74,004 shares traded hands during mid-day trading, a decline of 10% from the average session volume of 82,176 shares. The stock had previously closed at $19.57.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on AII. Keefe, Bruyette & Woods began coverage on shares of American Integrity Insurance Group in a report on Monday, June 2nd. They issued an "outperform" rating for the company. Oppenheimer began coverage on shares of American Integrity Insurance Group in a report on Monday, June 2nd. They issued a "market perform" rating for the company. William Blair started coverage on American Integrity Insurance Group in a research note on Friday, June 6th. They issued an "outperform" rating on the stock. Citizens Jmp started coverage on shares of American Integrity Insurance Group in a report on Monday, June 2nd. They issued an "outperform" rating and a $23.00 price target for the company. Finally, Raymond James Financial reissued an "outperform" rating and issued a $22.00 price target (up previously from $20.00) on shares of American Integrity Insurance Group in a report on Monday, August 18th. Seven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $22.00.

American Integrity Insurance Group Trading Down 0.3%

The firm's 50 day simple moving average is $18.44.

American Integrity Insurance Group (NYSE:AII - Get Free Report) last announced its earnings results on Tuesday, August 12th. The company reported $1.84 earnings per share for the quarter, topping analysts' consensus estimates of $1.69 by $0.15.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in AII. FNY Investment Advisers LLC acquired a new position in shares of American Integrity Insurance Group during the second quarter valued at about $45,000. Emerald Advisers LLC acquired a new position in shares of American Integrity Insurance Group during the second quarter valued at about $653,000. Emerald Mutual Fund Advisers Trust acquired a new position in shares of American Integrity Insurance Group during the second quarter valued at about $4,037,000. Boston Partners acquired a new position in shares of American Integrity Insurance Group during the second quarter valued at about $4,790,000. Finally, Geode Capital Management LLC acquired a new position in shares of American Integrity Insurance Group during the second quarter valued at about $1,382,000.

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.