Keefe, Bruyette & Woods Forecasts Strong Price Appreciation for American Integrity Insurance Group (NYSE:AII) Stock

Key Points

• Keefe, Bruyette & Woods raised its price target for American Integrity Insurance Group (NYSE:AII) from $23.00 to $26.00, indicating a potential upside of 11.97% from the stock's previous close.
• Other analysts, including Piper Sandler and Raymond James Financial, have also expressed positive outlooks with target prices of $27.00 and $24.00, respectively.
• AII stock is currently trading at $23.22, with a 12-month high of $23.67 and a low of $15.77, reflecting a 2.2% increase during recent trading.

American Integrity Insurance Group (NYSE:AII - Get Free Report) had its price target raised by investment analysts at Keefe, Bruyette & Woods from $23.00 to $26.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has an "outperform" rating on the stock. Keefe, Bruyette & Woods' price objective points to a potential upside of 11.97% from the stock's previous close.

Several other research firms have also issued reports on AII. Weiss Ratings restated a "sell (e+)" rating on shares of American Integrity Insurance Group in a research report on Saturday, September 27th. Piper Sandler boosted their target price on American Integrity Insurance Group from $22.00 to $27.00 and gave the stock an "overweight" rating in a research report on Monday. Finally, Raymond James Financial reiterated an "outperform" rating and set a $24.00 price objective (up previously from $22.00) on shares of American Integrity Insurance Group in a report on Monday, September 22nd. Seven research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $24.60.

American Integrity Insurance Group Stock Up 2.2%

AII stock traded up $0.49 during midday trading on Monday, reaching $23.22. The stock had a trading volume of 28,507 shares, compared to its average volume of 133,133. The business's fifty day moving average price is $19.68. American Integrity Insurance Group has a twelve month low of $15.77 and a twelve month high of $23.67.

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

Hedge Funds Weigh In On American Integrity Insurance Group

Several institutional investors have recently modified their holdings of AII. FNY Investment Advisers LLC bought a new stake in American Integrity Insurance Group in the 2nd quarter valued at approximately $45,000. Raymond James Financial Inc. bought a new stake in American Integrity Insurance Group in the 2nd quarter valued at approximately $101,000. XTX Topco Ltd bought a new stake in American Integrity Insurance Group in the 2nd quarter valued at approximately $192,000. Engineers Gate Manager LP bought a new stake in American Integrity Insurance Group in the 2nd quarter valued at approximately $248,000. Finally, Oxford Asset Management LLP bought a new stake in American Integrity Insurance Group in the 2nd quarter valued at approximately $273,000.

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.

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