American Integrity Insurance Group, Inc. (NYSE:AII) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of American Integrity Insurance Group, Inc. (NYSE:AII) have earned an average recommendation of “Moderate Buy” from the eight research firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $26.75.

Several research firms have recently weighed in on AII. Citizens Jmp reduced their price objective on shares of American Integrity Insurance Group from $28.00 to $25.00 and set a “market outperform” rating for the company in a research report on Wednesday, May 13th. Keefe, Bruyette & Woods decreased their target price on shares of American Integrity Insurance Group from $28.00 to $27.00 and set an “outperform” rating for the company in a report on Tuesday, April 7th. Citigroup reiterated an “outperform” rating on shares of American Integrity Insurance Group in a report on Wednesday, May 13th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of American Integrity Insurance Group in a report on Monday, May 4th.

American Integrity Insurance Group Trading Down 0.1%

NYSE:AII opened at $17.00 on Monday. American Integrity Insurance Group has a twelve month low of $15.77 and a twelve month high of $26.36. The company has a 50-day moving average of $18.79 and a 200-day moving average of $19.69. The firm has a market cap of $332.99 million and a price-to-earnings ratio of 3.88.

American Integrity Insurance Group (NYSE:AII) last posted its quarterly earnings data on Tuesday, May 12th. The company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.09. American Integrity Insurance Group had a net margin of 27.56% and a return on equity of 27.04%. The company had revenue of $90.93 million during the quarter. On average, research analysts forecast that American Integrity Insurance Group will post 2.73 earnings per share for the current year.

American Integrity Insurance Group Dividend Announcement

The company also recently announced a special dividend, which was paid on Monday, March 30th. Shareholders of record on Monday, March 16th were issued a $1.02 dividend. The ex-dividend date was Monday, March 16th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC boosted its holdings in shares of American Integrity Insurance Group by 6.6% in the fourth quarter. SG Americas Securities LLC now owns 12,929 shares of the company’s stock worth $269,000 after buying an additional 796 shares during the period. Strs Ohio purchased a new stake in shares of American Integrity Insurance Group in the third quarter worth approximately $33,000. Police & Firemen s Retirement System of New Jersey lifted its position in shares of American Integrity Insurance Group by 172.7% in the fourth quarter. Police & Firemen s Retirement System of New Jersey now owns 2,446 shares of the company’s stock worth $51,000 after purchasing an additional 1,549 shares in the last quarter. NewEdge Advisors LLC purchased a new stake in shares of American Integrity Insurance Group in the fourth quarter worth approximately $33,000. Finally, New York State Common Retirement Fund purchased a new stake in shares of American Integrity Insurance Group in the fourth quarter worth approximately $42,000.

American Integrity Insurance Group Company Profile

American Integrity Insurance Group, Ltd. is a specialized provider of personal lines residential property insurance based in Jacksonville Beach, Florida. The company underwrites a variety of policies including homeowners multiple peril, condominium unitowners, dwelling fire, wind-only, personal umbrella and renters insurance. Its product suite is designed to protect against hurricane, windstorm, hail and other weather-related risks common to Florida’s coastal and inland regions.

Founded in 2004, American Integrity operates primarily through a network of independent insurance agents across the state of Florida.