American Integrity Insurance Group (NYSE:AII) Sees Strong Trading Volume Following Analyst Upgrade

Key Points

• American Integrity Insurance Group shares traded actively after Citizens Jmp raised its price target from $26 to $29 while maintaining an “outperform” rating. The stock traded near $27.11, up from a prior close of $26.77.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and an average target price of $28.25; Keefe, Bruyette & Woods recently lifted its target to $31.
• The company reported quarterly EPS of $1.78, substantially above the $0.81 consensus estimate, alongside $115.17 million in revenue. However, insiders have sold approximately $11.5 million of stock over the past 90 days.

American Integrity Insurance Group, Inc. (NYSE:AII - Get Free Report) shares saw strong trading volume on Monday after Citizens Jmp raised their price target on the stock from $26.00 to $29.00. Citizens Jmp currently has a market outperform rating on the stock. 115,193 shares changed hands during mid-day trading, a decline of 19% from the previous session's volume of 142,057 shares. The stock last traded at $27.1050 and had previously closed at $26.77.

Several other analysts also recently commented on the stock. Piper Sandler raised their price objective 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. Zacks Research upgraded shares of American Integrity Insurance Group from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 17th. Citigroup reissued an "outperform" rating on shares of American Integrity Insurance Group in a research note on Monday. Raymond James Financial restated an "outperform" rating on shares of American Integrity Insurance Group in a report on Tuesday, October 6th. Finally, Keefe, Bruyette & Woods boosted their price objective on American Integrity Insurance Group from $29.00 to $31.00 and gave the company an "outperform" rating in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $28.25.

Insider Activity at American Integrity Insurance Group

In related news, CEO Robert Ritchie sold 9,174 shares of the company's stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $25.92, for a total value of $237,790.08. Following 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 position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold 474,598 shares of company stock worth $11,513,818 over the last ninety days. Insiders own 16.40% of the company's stock.

Institutional Trading of American Integrity Insurance Group

Several institutional investors and hedge funds have recently modified their holdings of AII. GAMMA Investing LLC boosted its position in shares of American Integrity Insurance Group by 9,544.4% during the third quarter. GAMMA Investing LLC now owns 1,736 shares of the company's stock valued at $43,000 after buying an additional 1,718 shares during the last quarter. Hsbc Holdings PLC grew its holdings in American Integrity Insurance Group by 88.5% during the second quarter. Hsbc Holdings PLC now owns 22,949 shares of the company's stock worth $439,000 after buying an additional 10,775 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in American Integrity Insurance Group in the 2nd quarter valued at $272,000. Bank of America Corp DE purchased a new stake in American Integrity Insurance Group in the 2nd quarter valued at $3,942,000. Finally, Freestone Grove Partners LP bought a new position in American Integrity Insurance Group during the 2nd quarter valued at $9,251,000.

American Integrity Insurance Group Stock Performance

The firm has a 50 day simple moving average of $24.99 and a two-hundred day simple moving average of $20.69. The firm has a market capitalization of $531.12 million, a P/E ratio of 6.02 and a beta of 0.02.

American Integrity Insurance Group (NYSE:AII - Get Free Report) last posted 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 for the quarter. American Integrity Insurance Group had a net margin of 26.20% and a return on equity of 26.74%. Sell-side analysts anticipate that American Integrity Insurance Group, Inc. will post 3.82 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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