American Integrity Insurance Group, Inc. (NYSE:AII) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• Analysts rate American Integrity Insurance Group “Moderate Buy,” with five buy ratings, one strong buy and one sell. The average 12-month price target is $26.50.
• The company reported quarterly EPS of $1.78, beating the $0.81 consensus estimate by $0.97, on revenue of $115.17 million. Shares opened at $26.30, near their 12-month high of $26.61.
• Insider activity was mixed: a major shareholder bought $1.34 million of stock, while insiders sold $6.50 million over the past three months. Company insiders own 16.4% of outstanding shares.

Shares of American Integrity Insurance Group, Inc. (NYSE:AII - Get Free Report) have received an average rating of "Moderate Buy" from the seven research firms that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $26.50.

Several research analysts recently commented on AII shares. Wall Street Zen upgraded shares of American Integrity Insurance Group from a "hold" rating to a "buy" rating in a report on Saturday, August 15th. Raymond James Financial set a $27.00 price objective on shares of American Integrity Insurance Group in a research report on Thursday, August 20th. Citigroup reissued an "outperform" rating on shares of American Integrity Insurance Group in a research note on Wednesday, August 12th. Weiss Ratings upgraded shares of American Integrity Insurance Group from a "sell (d-)" rating to a "sell (d)" rating in a report on Monday, June 1st. Finally, Piper Sandler upped their price target on shares of American Integrity Insurance Group from $23.00 to $26.00 and gave the stock an "overweight" rating in a research report on Thursday, August 13th.

Insider Activity

In other American Integrity Insurance Group news, CEO Robert C. Ritchie sold 50,000 shares of the business's stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $23.65, for a total transaction of $1,182,500.00. Following the transaction, the chief executive officer owned 2,227,013 shares in the company, valued at $52,668,857.45. The trade was a 2.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder James E. Sowell bought 79,497 shares of the firm's stock in a transaction dated Tuesday, June 9th. The stock was bought at an average cost of $16.85 per share, with a total value of $1,339,524.45. Following the transaction, the insider directly owned 4,610,180 shares of the company's stock, valued at approximately $77,681,533. This trade represents a 1.75% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders acquired 136,356 shares of company stock worth $2,301,242 and sold 284,598 shares worth $6,501,314. Company insiders own 16.40% of the company's stock.

Hedge Funds Weigh In On American Integrity Insurance Group

A number of institutional investors and hedge funds have recently bought and sold shares of AII. NewEdge Advisors LLC purchased a new stake in shares of American Integrity Insurance Group during the fourth quarter valued at approximately $33,000. New York State Common Retirement Fund purchased a new position in shares of American Integrity Insurance Group in the fourth quarter valued at $42,000. Police & Firemen s Retirement System of New Jersey boosted its stake in shares of American Integrity Insurance Group by 172.7% in the fourth quarter. Police & Firemen s Retirement System of New Jersey now owns 2,446 shares of the company's stock valued at $51,000 after purchasing an additional 1,549 shares during the period. California State Teachers Retirement System grew its holdings in American Integrity Insurance Group by 375.8% during the 2nd quarter. California State Teachers Retirement System now owns 3,145 shares of the company's stock valued at $59,000 after purchasing an additional 2,484 shares in the last quarter. Finally, JPMorgan Chase & Co. acquired a new stake in American Integrity Insurance Group during the 3rd quarter valued at $72,000.

American Integrity Insurance Group Price Performance

American Integrity Insurance Group stock opened at $26.30 on Wednesday. The stock's 50-day moving average is $20.21 and its 200-day moving average is $19.06. The company has a market cap of $515.14 million, a price-to-earnings ratio of 5.84 and a beta of -0.20. American Integrity Insurance Group has a 12 month low of $16.19 and a 12 month high of $26.61.

American Integrity Insurance Group (NYSE:AII - Get Free Report) last issued its earnings results on Tuesday, August 11th. The company reported $1.78 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.81 by $0.97. The business had revenue of $115.17 million during the quarter. American Integrity Insurance Group had a return on equity of 26.74% and a net margin of 26.20%. Research analysts anticipate that American Integrity Insurance Group will post 3.79 EPS for the current year.

About American Integrity Insurance Group

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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