American Integrity Insurance Group (NYSE:AII) Sets New 12-Month High - Still a Buy?

Key Points

• American Integrity Insurance Group reached a new 52-week high of $29.19, trading up 3.4% with a market capitalization of approximately $567 million.
• Analysts remain broadly positive, with a consensus rating of “Moderate Buy” and an average price target of $28.25; several firms recently raised targets, including Keefe, Bruyette & Woods to $31.
• The company reported quarterly EPS of $1.78, more than doubling the $0.81 analyst consensus, while insiders sold 624,598 shares worth about $15.6 million over the past 90 days.

American Integrity Insurance Group, Inc. (NYSE:AII - Get Free Report) hit a new 52-week high during trading on Wednesday. The company traded as high as $29.19 and last traded at $28.9440, with a volume of 198,169 shares trading hands. The stock had previously closed at $27.98.

Analysts Set New Price Targets

AII has been the subject of a number of recent research reports. Piper Sandler raised their price target 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. Citizens Jmp lifted their price target on American Integrity Insurance Group from $26.00 to $29.00 and gave the company a "market outperform" rating in a report on Monday, October 12th. Wall Street Zen raised American Integrity Insurance Group from a "hold" rating to a "buy" rating in a research note on Saturday, August 15th. Keefe, Bruyette & Woods boosted their price target on American Integrity Insurance Group from $29.00 to $31.00 and gave the company an "outperform" rating in a research note on Monday, October 12th. Finally, Raymond James Financial restated an "outperform" rating on shares of American Integrity Insurance Group in a report on Tuesday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $28.25.

American Integrity Insurance Group Trading Up 3.4%

The firm has a market cap of $567.01 million, a P/E ratio of 6.04 and a beta of 0.02. The business's fifty day moving average price is $25.96 and its two-hundred day moving average price is $21.12.

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%. Research analysts predict that American Integrity Insurance Group, Inc. will post 4.02 EPS for the current fiscal year.

Insider Buying and Selling at American Integrity Insurance Group

In other American Integrity Insurance Group news, CEO Robert Ritchie sold 26,436 shares of the business's stock in a transaction dated Wednesday, October 14th. The stock was sold at an average price of $27.23, for a total value of $719,852.28. Following the completion of the sale, the chief executive officer owned 1,733,997 shares of the company's stock, valued at $47,216,738.31. The trade was a 1.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold a total of 624,598 shares of company stock valued at $15,599,210 over the last ninety days. 16.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in AII. GAMMA Investing LLC boosted its position in 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 worth $43,000 after purchasing an additional 1,718 shares during the period. 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 valued at $439,000 after purchasing an additional 10,775 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in American Integrity Insurance Group during the second quarter valued at approximately $272,000. Bank of America Corp DE bought a new position in shares of American Integrity Insurance Group in the second quarter valued at approximately $3,942,000. Finally, Freestone Grove Partners LP bought a new position in shares of American Integrity Insurance Group in the second quarter valued at approximately $9,251,000.

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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