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

American Integrity Insurance Group, Inc. (NYSE:AII) has received an average recommendation of “Moderate Buy” from the six ratings firms that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation and five have issued a buy recommendation on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $25.75.

Several brokerages have recently issued reports on AII. 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 for the company in a report on Tuesday, April 7th. Piper Sandler increased their price objective on shares of American Integrity Insurance Group from $20.00 to $23.00 and gave the stock an “overweight” rating in a report on Wednesday, July 15th. Weiss Ratings upgraded shares of American Integrity Insurance Group from a “sell (d-)” rating to a “sell (d)” rating in a research report on Monday, June 1st. Citizens Jmp reduced their target price 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 note on Wednesday, May 13th. Finally, Citigroup restated an “outperform” rating on shares of American Integrity Insurance Group in a research report on Wednesday, May 13th.

Insider Buying and Selling

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Franklin Resources Inc. raised its stake in shares of American Integrity Insurance Group by 1,840.0% during the third 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 lifted its holdings in American Integrity Insurance Group by 5.7% in the second quarter. Wasatch Advisors LP now owns 1,260,169 shares of the company’s stock worth $23,729,000 after purchasing an additional 67,977 shares during the period. Boston Partners grew its position in 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 buying an additional 101,365 shares in the last quarter. Mink Brook Asset Management LLC grew its position in 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 buying an additional 169,932 shares in the last quarter. Finally, Balyasny Asset Management L.P. acquired a new position in American Integrity Insurance Group during the 2nd quarter valued at about $10,409,000.

American Integrity Insurance Group Price Performance

NYSE:AII opened at $20.29 on Friday. American Integrity Insurance Group has a 12-month low of $16.19 and a 12-month high of $26.36. The firm has a market capitalization of $397.48 million, a P/E ratio of 4.63 and a beta of -0.14. The business has a 50 day simple moving average of $18.02 and a 200 day simple moving average of $18.54.

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

About American Integrity Insurance Group

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.