American Integrity Insurance Group, Inc.’s Lock-Up Period To End on November 4th (NYSE:AII)

American Integrity Insurance Group’s (NYSE:AII) lock-up period will expire on Tuesday, November 4th. American Integrity Insurance Group had issued 6,875,000 shares in its public offering on May 8th. The total size of the offering was $110,000,000 based on an initial share price of $16.00. After the expiration of American Integrity Insurance Group’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Raymond James Financial reaffirmed an “outperform” rating and set a $24.00 target price (up previously from $22.00) on shares of American Integrity Insurance Group in a research note on Monday, September 22nd. Piper Sandler lifted their target price on shares of American Integrity Insurance Group from $22.00 to $27.00 and gave the company an “overweight” rating in a research note on Monday, October 6th. Keefe, Bruyette & Woods lifted their target price on shares of American Integrity Insurance Group from $23.00 to $26.00 and gave the company an “outperform” rating in a research note on Monday, October 6th. Weiss Ratings reissued a “sell (e+)” rating on shares of American Integrity Insurance Group in a research note on Wednesday, October 8th. Finally, Citigroup reissued an “outperform” rating on shares of American Integrity Insurance Group in a research note on Tuesday, October 14th. Seven research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $25.20.

American Integrity Insurance Group Trading Down 0.3%

Shares of NYSE AII opened at $23.85 on Friday. The business has a 50 day moving average price of $21.77. The company has a market capitalization of $466.65 million and a P/E ratio of 6.29. American Integrity Insurance Group has a 52-week low of $15.77 and a 52-week high of $24.72.

American Integrity Insurance Group (NYSE:AII) last issued its earnings results on Wednesday, September 3rd. The company reported $1.84 earnings per share (EPS) for the quarter. The firm had revenue of $74.50 million during the quarter.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in AII. FNY Investment Advisers LLC bought a new position in shares of American Integrity Insurance Group in the second quarter worth approximately $45,000. Emerald Advisers LLC bought a new position in shares of American Integrity Insurance Group in the second quarter worth approximately $653,000. Emerald Mutual Fund Advisers Trust bought a new position in shares of American Integrity Insurance Group in the second quarter worth approximately $4,037,000. Boston Partners purchased a new position in shares of American Integrity Insurance Group during the second quarter valued at approximately $4,790,000. Finally, Geode Capital Management LLC purchased a new position in shares of American Integrity Insurance Group during the second quarter valued at approximately $1,382,000.

American Integrity Insurance Group Company Profile

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.