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.” Of seven analysts, five recommend buying, one strongly recommends buying, and one rates the stock a sell; the average 12-month price target is $26.50.
• The stock opened at $26.40, near its 52-week high of $27.00, with a market capitalization of about $517 million. Its latest quarterly earnings of $1.78 per share significantly exceeded the $0.81 consensus estimate.
• Insider selling has been notable: executives sold 474,598 shares worth approximately $11.5 million over the past 90 days, while several institutional investors established or increased positions.

American Integrity Insurance Group, Inc. (NYSE:AII - Get Free Report) has been given an average recommendation of "Moderate Buy" by the seven research firms that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, five have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $26.50.

AII has been the topic of a number of analyst reports. Citigroup reissued an "outperform" rating on shares of American Integrity Insurance Group in a research note on Wednesday, August 12th. Weiss Ratings reiterated a "sell (d)" rating on shares of American Integrity Insurance Group in a report on Thursday, August 27th. Raymond James Financial set a $27.00 target price on shares of American Integrity Insurance Group in a research report on Thursday, August 20th. 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. Finally, Piper Sandler upped their price target on shares of American Integrity Insurance Group from $23.00 to $26.00 and gave the company an "overweight" rating in a research report on Thursday, August 13th.

American Integrity Insurance Group Stock Performance

NYSE AII opened at $26.40 on Friday. American Integrity Insurance Group has a 1 year low of $16.19 and a 1 year high of $27.00. The business's fifty day moving average is $23.00 and its two-hundred day moving average is $20.03. The stock has a market capitalization of $517.18 million, a P/E ratio of 5.87 and a beta of -0.08.

American Integrity Insurance Group (NYSE:AII - Get Free Report) last released its quarterly earnings data on Tuesday, August 11th. The company reported $1.78 earnings per share for the quarter, topping the consensus estimate 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%. On average, research analysts forecast 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 news, CEO Robert Ritchie sold 9,174 shares of the stock in a transaction on Monday, August 31st. The stock was sold at an average price of $25.92, for a total value of $237,790.08. Following the completion of the sale, the chief executive officer owned 1,883,997 shares in the company, valued at $48,833,202.24. This represents a 0.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over 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 insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. NewEdge Advisors LLC boosted its position in American Integrity Insurance Group by 156.2% during the 1st quarter. NewEdge Advisors LLC now owns 4,100 shares of the company's stock worth $79,000 after acquiring an additional 2,500 shares during the period. State of Wyoming acquired a new position in shares of American Integrity Insurance Group in the 1st quarter valued at about $134,000. Deutsche Bank AG acquired a new position in shares of American Integrity Insurance Group in the 2nd quarter valued at about $199,000. PDT Partners LLC purchased a new stake in shares of American Integrity Insurance Group in the second quarter worth approximately $216,000. Finally, Hsbc Holdings PLC purchased a new stake in shares of American Integrity Insurance Group in the first quarter worth approximately $239,000.

About American Integrity Insurance Group

American Integrity Insurance Group, Inc is a property and casualty insurance holding company that provides residential property insurance through its operating subsidiaries. The company focuses primarily on personal lines coverage for homeowners and other residential policyholders.

Its product offerings include homeowners insurance, condominium unit owners insurance, renters insurance, dwelling fire coverage and insurance for manufactured homes. These policies generally provide protection against covered property damage and related liabilities, subject to the terms, conditions and exclusions of each policy.

Founded in 2006, American Integrity serves customers in Florida, Georgia and South Carolina.

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