American Integrity Insurance Group, Inc. (NYSE:AII) Given Average Recommendation of “Moderate Buy” by Analysts

American Integrity Insurance Group, Inc. (NYSE:AII) has been assigned an average rating of “Moderate Buy” from the six research firms that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $26.75.

A number of brokerages have issued reports 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 on the stock in a research note on Wednesday, May 13th. Weiss Ratings upgraded shares of American Integrity Insurance Group from a “sell (d-)” rating to a “sell (d)” rating in a research note on Monday, June 1st. Keefe, Bruyette & Woods reduced their price target on shares of American Integrity Insurance Group from $28.00 to $27.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 7th. Finally, Citigroup reiterated an “outperform” rating on shares of American Integrity Insurance Group in a research report on Wednesday, May 13th.

Insider Buying and Selling at American Integrity Insurance Group

In other American Integrity Insurance Group news, major shareholder James E. Sowell bought 79,497 shares of American Integrity Insurance Group stock in a transaction on Tuesday, June 9th. The shares were purchased at an average price of $16.85 per share, with a total value of $1,339,524.45. Following the acquisition, the insider owned 4,610,180 shares in the company, valued at $77,681,533. This trade represents a 1.75% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Steven E. Smathers acquired 2,900 shares of American Integrity Insurance Group stock in a transaction that occurred on Friday, May 22nd. The stock was acquired at an average cost of $16.99 per share, for a total transaction of $49,271.00. Following the completion of the purchase, the director directly owned 177,827 shares of the company’s stock, valued at $3,021,280.73. This represents a 1.66% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last quarter, insiders have acquired 142,256 shares of company stock valued at $2,400,973. 16.40% of the stock is currently owned by corporate insiders.

Institutional Trading of American Integrity Insurance Group

Several large investors have recently bought and sold shares of AII. Franklin Resources Inc. boosted its stake in shares of American Integrity Insurance Group by 1,840.0% in the 3rd quarter. Franklin Resources Inc. now owns 2,988,329 shares of the company’s stock valued at $66,670,000 after purchasing an additional 2,834,289 shares in the last quarter. Wasatch Advisors LP boosted its stake in shares of American Integrity Insurance Group by 38.6% in the 1st quarter. Wasatch Advisors LP now owns 1,192,192 shares of the company’s stock valued at $22,985,000 after purchasing an additional 331,766 shares in the last quarter. Boston Partners boosted its stake in shares of American Integrity Insurance Group by 9.3% in the 4th quarter. Boston Partners now owns 1,191,145 shares of the company’s stock valued at $24,809,000 after purchasing an additional 101,365 shares in the last quarter. Mink Brook Asset Management LLC boosted its stake in shares of American Integrity Insurance Group by 35.5% in the 4th quarter. Mink Brook Asset Management LLC now owns 648,405 shares of the company’s stock valued at $13,506,000 after purchasing an additional 169,932 shares in the last quarter. Finally, Balyasny Asset Management L.P. acquired a new stake in American Integrity Insurance Group in the second quarter valued at approximately $10,409,000.

American Integrity Insurance Group Price Performance

Shares of NYSE:AII opened at $16.83 on Friday. The company has a market capitalization of $329.68 million and a P/E ratio of 3.84. American Integrity Insurance Group has a 1 year low of $15.77 and a 1 year high of $26.36. The business’s 50 day simple moving average is $18.14 and its 200 day simple moving average is $19.01.

American Integrity Insurance Group (NYSE:AII) last released its earnings results on Tuesday, May 12th. The company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.09. The company had revenue of $90.93 million for the quarter. American Integrity Insurance Group had a return on equity of 27.04% and a net margin of 27.56%. On average, sell-side analysts anticipate that American Integrity Insurance Group will post 2.73 EPS for the current fiscal year.

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.