American Integrity Insurance Group, Inc. (NYSE:AII) Stock Has Average Target Price of $28.25

American Integrity Insurance Group, Inc. (NYSE:AII) has received an average recommendation of “Moderate Buy” from the seven ratings firms that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $28.25.

Several equities analysts have weighed in on the stock. Keefe, Bruyette & Woods boosted their target price on shares of American Integrity Insurance Group from $29.00 to $31.00 and gave the company an “outperform” rating in a report on Monday, October 12th. Weiss Ratings reissued a “sell (d)” rating on shares of American Integrity Insurance Group in a research note on Thursday, August 27th. Piper Sandler raised their price target on shares of American Integrity Insurance Group from $23.00 to $26.00 and gave the stock an “overweight” rating in a report on Thursday, August 13th. Raymond James Financial reaffirmed an “outperform” rating on shares of American Integrity Insurance Group in a research report on Tuesday, October 6th. Finally, Citigroup reiterated an “outperform” rating on shares of American Integrity Insurance Group in a report on Monday, October 12th.

American Integrity Insurance Group Stock Up 0.2%

NYSE AII opened at $27.00 on Monday. The business’s fifty day simple moving average is $26.85 and its 200-day simple moving average is $21.09. The firm has a market cap of $529.12 million, a PE ratio of 6.00 and a beta of -0.17. American Integrity Insurance Group has a 52 week low of $16.19 and a 52 week high of $30.00.

American Integrity Insurance Group (NYSE:AII) last announced its quarterly earnings data on Tuesday, August 11th. The company reported $1.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.97. American Integrity Insurance Group had a net margin of 26.20% and a return on equity of 26.74%. The firm had revenue of $115.17 million during the quarter. Research analysts expect that American Integrity Insurance Group will post 4.02 EPS for the current year.

Insider Buying and Selling

In other news, CEO Robert Ritchie sold 26,436 shares of the company’s stock in a transaction on Wednesday, October 14th. The stock was sold at an average price of $27.23, for a total value of $719,852.28. Following the transaction, the chief executive officer owned 1,733,997 shares of the company’s stock, valued at $47,216,738.31. This represents a 1.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold a total of 505,874 shares of company stock valued at $13,128,844 in the last quarter. 16.40% of the stock is owned by insiders.

Institutional Trading of American Integrity Insurance Group

A number of hedge funds and other institutional investors have recently modified their holdings of AII. Wasatch Advisors LP lifted its position 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 valued at $23,729,000 after buying an additional 67,977 shares during the last quarter. BlackRock Inc. purchased a new position in American Integrity Insurance Group during the second quarter worth about $16,723,000. Russell Investments Group Ltd. boosted its stake in American Integrity Insurance Group by 39.4% during the third quarter. Russell Investments Group Ltd. now owns 455,804 shares of the company’s stock worth $11,391,000 after buying an additional 128,920 shares during the period. Freestone Grove Partners LP acquired a new stake in shares of American Integrity Insurance Group during the second quarter valued at about $9,251,000. Finally, Bank of America Corp DE increased its position in shares of American Integrity Insurance Group by 0.8% during the first quarter. Bank of America Corp DE now owns 293,443 shares of the company’s stock valued at $5,658,000 after acquiring an additional 2,193 shares during the last quarter.

American Integrity Insurance Group Company Profile

American Integrity Insurance Group, Inc is an insurance holding company focused on personal residential property insurance. Through its insurance subsidiaries, the company provides coverage designed to protect homeowners and other residential property owners from risks such as wind, fire, water damage and other covered losses.

The company’s product offerings include homeowners insurance, condominium unit-owner insurance, renters insurance and coverage for residential properties used as rental or investment homes.