American Integrity Insurance Group (NYSE:AII) Hits New 1-Year High - Time to Buy?

Key Points

• American Integrity Insurance Group shares reached a new 52-week high of $28.25 and last traded near $27.93, with the stock up 0.6%.
• Analyst sentiment is broadly positive, with a consensus “Moderate Buy” rating and a $28.25 target price; several firms recently raised their price objectives, though Weiss Ratings maintained a sell rating.
• The company beat quarterly earnings expectations, reporting $1.78 in EPS versus the $0.81 consensus estimate, but insiders sold approximately 598,000 shares worth $14.9 million over the past three months.

Shares of American Integrity Insurance Group, Inc. (NYSE:AII - Get Free Report) hit a new 52-week high during mid-day trading on Thursday. The company traded as high as $28.25 and last traded at $27.9250, with a volume of 36,789 shares changing hands. The stock had previously closed at $27.55.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on AII. Weiss Ratings reaffirmed a "sell (d)" rating on shares of American Integrity Insurance Group in a report on Thursday, August 27th. Wall Street Zen upgraded American Integrity Insurance Group from a "hold" rating to a "buy" rating in a research note on Saturday, August 15th. Citizens Jmp increased their price objective on American Integrity Insurance Group from $26.00 to $29.00 and gave the stock a "market outperform" rating in a report on Monday. Keefe, Bruyette & Woods increased their price objective on American Integrity Insurance Group from $29.00 to $31.00 and gave the stock an "outperform" rating in a report on Monday. Finally, Piper Sandler raised their target price on American Integrity Insurance Group from $23.00 to $26.00 and gave the stock an "overweight" rating in a research note on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, American Integrity Insurance Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $28.25.

American Integrity Insurance Group Trading Up 0.6%

The firm has a market cap of $543.08 million, a P/E ratio of 6.15 and a beta of 0.02. The stock's fifty day moving average is $25.38 and its two-hundred day moving average is $20.86.

American Integrity Insurance Group (NYSE:AII - Get Free Report) last announced its quarterly earnings results on Tuesday, August 11th. The company reported $1.78 EPS for the quarter, beating the consensus estimate 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, analysts forecast that American Integrity Insurance Group, Inc. will post 4.02 EPS for the current year.

Insider Buying and Selling

In other American Integrity Insurance Group news, CEO Robert Ritchie sold 69,727 shares of the company's stock in a transaction dated Monday, October 12th. The stock was sold at an average price of $27.12, for a total value of $1,890,996.24. Following the transaction, the chief executive officer directly owned 1,811,133 shares in the company, valued at $49,117,926.96. This represents a 3.71% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 598,162 shares of company stock worth $14,879,357 in the last three months. 16.40% of the stock is owned by insiders.

Institutional Trading of American Integrity Insurance Group

A number of large investors have recently modified their holdings of the business. GAMMA Investing LLC lifted its position in American Integrity Insurance Group by 9,544.4% in 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 during the last quarter. NewEdge Advisors LLC grew its position in American Integrity Insurance Group by 156.2% during the first quarter. NewEdge Advisors LLC now owns 4,100 shares of the company's stock valued at $79,000 after acquiring an additional 2,500 shares during the last quarter. State of Wyoming bought a new position in American Integrity Insurance Group during the first quarter valued at approximately $134,000. Deutsche Bank AG bought a new position in American Integrity Insurance Group during the second quarter valued at approximately $199,000. Finally, PDT Partners LLC purchased a new position in shares of American Integrity Insurance Group during the second quarter worth approximately $216,000.

About American Integrity Insurance Group

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.