American Integrity Insurance Group (NYSE:AII) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

Key Points

• Keefe, Bruyette & Woods raised American Integrity Insurance Group’s price target to $31 from $29 and maintained an “outperform” rating, implying 15.78% potential upside. The stock has a consensus “Moderate Buy” rating and an average target of $27.50.
• AII reported quarterly EPS of $1.78, beating analyst expectations of $0.81 by $0.97, with $115.17 million in revenue, a 26.20% net margin, and a 26.74% return on equity.
• The shares opened at $26.77, near their 52-week high of $27.40, while insiders have sold 474,598 shares worth approximately $11.5 million over the past 90 days.

American Integrity Insurance Group (NYSE:AII - Get Free Report) had its target price boosted by equities researchers at Keefe, Bruyette & Woods from $29.00 to $31.00 in a research note issued on Monday, Benzinga reports. The brokerage currently has an "outperform" rating on the stock. Keefe, Bruyette & Woods' target price points to a potential upside of 15.78% from the stock's current price.

Several other research firms have also issued reports on AII. Wall Street Zen raised shares of American Integrity Insurance Group from a "hold" rating to a "buy" rating in a research report on Saturday, August 15th. Piper Sandler lifted their price objective on American Integrity Insurance Group from $23.00 to $26.00 and gave the company an "overweight" rating in a report on Thursday, August 13th. Citizens Jmp upped their price objective on American Integrity Insurance Group from $25.00 to $26.00 and gave the company a "market outperform" rating in a research note on Wednesday, August 12th. Citigroup reiterated an "outperform" rating on shares of American Integrity Insurance Group in a research note on Monday. Finally, Raymond James Financial reissued an "outperform" rating on shares of American Integrity Insurance Group in a report on Tuesday, October 6th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $27.50.

American Integrity Insurance Group Stock Performance

Shares of AII stock opened at $26.77 on Monday. American Integrity Insurance Group has a 52-week low of $16.19 and a 52-week high of $27.40. The stock has a market cap of $524.52 million, a price-to-earnings ratio of 5.95 and a beta of 0.02. The firm has a fifty day moving average of $24.99 and a 200-day moving average of $20.69.

American Integrity Insurance Group (NYSE:AII - Get Free Report) last released 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. American Integrity Insurance Group had a net margin of 26.20% and a return on equity of 26.74%. The company had revenue of $115.17 million during the quarter. On average, sell-side analysts predict that American Integrity Insurance Group will post 3.82 earnings per share for the current year.

Insider Transactions at American Integrity Insurance Group

In other American Integrity Insurance Group news, CEO Robert Ritchie sold 65,000 shares of the stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $26.29, for a total transaction of $1,708,850.00. Following the sale, the chief executive officer owned 1,963,536 shares of the company's stock, valued at $51,621,361.44. This represents a 3.20% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last 90 days, insiders have sold 474,598 shares of company stock worth $11,513,818. 16.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On American Integrity Insurance Group

Institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC lifted its holdings in American Integrity Insurance Group by 9,544.4% during the 3rd quarter. GAMMA Investing LLC now owns 1,736 shares of the company's stock worth $43,000 after buying an additional 1,718 shares in the last quarter. Hsbc Holdings PLC boosted its position in American Integrity Insurance Group by 88.5% in the 2nd quarter. Hsbc Holdings PLC now owns 22,949 shares of the company's stock valued at $439,000 after buying an additional 10,775 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of American Integrity Insurance Group in the 2nd quarter valued at $272,000. Bank of America Corp DE acquired a new stake in shares of American Integrity Insurance Group in the 2nd quarter valued at $3,942,000. Finally, Freestone Grove Partners LP bought a new stake in shares of American Integrity Insurance Group during the second quarter worth $9,251,000.

American Integrity Insurance Group Company Profile

American Integrity Insurance Group, Inc is an insurance company focused on residential property coverage in catastrophe-exposed markets. Through its insurance subsidiaries, the company primarily serves homeowners and other residential policyholders, with an emphasis on providing protection against risks such as wind, hurricanes and other property-related losses.

Its product offerings include homeowners insurance and related personal-lines products for owner-occupied residences, condominium unit owners, renters and other residential properties.

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