American Integrity Insurance Group, Inc. (NYSE:AII) Stock Has Consensus Target Price of $28.25 According to Analysts

Key Points

• Analysts are moderately bullish on AII: Seven firms give the stock a consensus “Moderate Buy” rating, with a 12-month average price target of $28.25 versus its referenced price of $27.41.
• Recent financial performance was strong: Quarterly EPS came in at $1.78, well above the $0.81 consensus estimate. The stock trades at about 6.1 times earnings and remains near its 52-week high.
• Insider selling contrasts with institutional buying: CEO Robert Ritchie and other insiders sold significant shares, including roughly $14.9 million over 90 days, while BlackRock and several other institutions established new positions during the second quarter.

Shares of American Integrity Insurance Group, Inc. (NYSE:AII - Get Free Report) have received an average recommendation of "Moderate Buy" from the seven research firms that are currently covering the stock, 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 12-month price objective among brokerages that have issued a report on the stock in the last year is $28.25.

A number of analysts have weighed in on AII shares. Piper Sandler boosted their price target on 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. Weiss Ratings reiterated a "sell (d)" rating on shares of American Integrity Insurance Group in a research note on Thursday, August 27th. Citizens Jmp increased their price objective on American Integrity Insurance Group from $26.00 to $29.00 and gave the company a "market outperform" rating in a report on Monday. Raymond James Financial reissued an "outperform" rating on shares of American Integrity Insurance Group in a report on Tuesday, October 6th. Finally, Citigroup reissued an "outperform" rating on shares of American Integrity Insurance Group in a research report on Monday.

American Integrity Insurance Group News Roundup

Here are the key news stories impacting American Integrity Insurance Group this week:

• Positive Sentiment: Zacks named AII a Strong Buy value stock. The inclusion on Zacks’ Rank #1 value list highlights the company’s low valuation and potentially attractive earnings outlook. AII trades at roughly 6 times earnings, while analysts expect about $3.82 in earnings per share for the current year. Best Value Stocks to Buy for October 14th
• Positive Sentiment: Analyst sentiment and institutional interest remain constructive. Recent coverage cited price-target increases from Keefe, Bruyette & Woods and Citizens JMP, while BlackRock and other institutions established positions during the second quarter. The average analyst price target is approximately $28.25, modestly above the referenced trading level.
• Neutral Sentiment: Momentum is strong, but valuation expectations are becoming more demanding. AII remains close to its 52-week high and trades well above its 50-day and 200-day moving averages. Its latest quarterly results were strong, with EPS of $1.78 versus an $0.81 consensus estimate, but the stock’s proximity to its high leaves less room for disappointing results.
• Negative Sentiment: CEO Robert Ritchie sold a substantial amount of stock. He sold a combined 123,564 shares from October 9 through October 13 for approximately $3.37 million, reducing his direct ownership by about 6.7%. Although he still owns roughly 1.76 million shares, the cluster of sales could raise concerns about insider confidence or near-term valuation and may weigh on the stock. American Integrity Insurance Group CEO Insider Transactions

Insider Activity

In other news, CEO Robert Ritchie sold 50,700 shares of American Integrity Insurance Group stock in a transaction dated Tuesday, October 13th. The stock was sold at an average price of $27.41, for a total value of $1,389,687.00. Following the transaction, the chief executive officer directly owned 1,760,433 shares in the company, valued at approximately $48,253,468.53. The trade was a 2.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold 598,162 shares of company stock valued at $14,879,357 over the last 90 days. Company insiders own 16.40% of the company's stock.

Institutional Trading of American Integrity Insurance Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AII. The Manufacturers Life Insurance Company acquired a new position in shares of American Integrity Insurance Group during the second quarter worth approximately $908,000. BlackRock Inc. bought a new stake in shares of American Integrity Insurance Group in the second quarter valued at approximately $16,723,000. Bank of New York Mellon Corp acquired a new stake in shares of American Integrity Insurance Group in the second quarter worth $945,000. Donald Smith & CO. Inc. acquired a new stake in shares of American Integrity Insurance Group in the second quarter worth $2,192,000. Finally, Freestone Grove Partners LP acquired a new stake in shares of American Integrity Insurance Group in the second quarter worth $9,251,000.

American Integrity Insurance Group Trading Down 0.3%

American Integrity Insurance Group stock opened at $27.41 on Thursday. American Integrity Insurance Group has a 1-year low of $16.19 and a 1-year high of $27.86. The firm's fifty day simple moving average is $25.38 and its 200-day simple moving average is $20.86. The company has a market capitalization of $536.98 million, a P/E ratio of 6.09 and a beta of 0.02.

American Integrity Insurance Group (NYSE:AII - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $115.17 million during 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 predict that American Integrity Insurance Group will post 4.02 earnings per share for the current year.

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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