American Integrity Insurance Group (NYSE:AII) Given New $26.00 Price Target at Citizens Jmp

American Integrity Insurance Group (NYSE:AII) had its price objective upped by equities researchers at Citizens Jmp from $25.00 to $26.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “market outperform” rating on the stock. Citizens Jmp’s price objective points to a potential upside of 5.56% from the company’s previous close.

AII has been the subject of several other reports. Weiss Ratings upgraded American Integrity Insurance Group from a “sell (d-)” rating to a “sell (d)” rating in a research note on Monday, June 1st. Citigroup reiterated an “outperform” rating on shares of American Integrity Insurance Group in a research report on Wednesday. Finally, Piper Sandler boosted their price target on American Integrity Insurance Group from $20.00 to $23.00 and gave the company an “overweight” rating in a report on Wednesday, July 15th. Five research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, American Integrity Insurance Group currently has a consensus rating of “Moderate Buy” and an average price target of $26.00.

American Integrity Insurance Group Trading Up 22.0%

Shares of NYSE AII opened at $24.63 on Wednesday. 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 $482.53 million, a price-to-earnings ratio of 5.58 and a beta of -0.20. The firm has a 50 day moving average of $18.59 and a 200 day moving average of $18.62.

American Integrity Insurance Group (NYSE:AII) last released its quarterly earnings results on Tuesday, August 11th. The company reported $1.78 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.97. The business had revenue of $115.17 million for the quarter. American Integrity Insurance Group had a net margin of 27.56% and a return on equity of 27.04%. Sell-side analysts predict that American Integrity Insurance Group will post 2.73 EPS for the current year.

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 dated 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 acquisition, the insider directly owned 4,610,180 shares in the company, valued at approximately $77,681,533. This represents a 1.75% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Steven B. Mathis purchased 3,000 shares of the stock in a transaction that occurred on Tuesday, May 26th. The stock was acquired at an average cost of $16.82 per share, with a total value of $50,460.00. Following the acquisition, the director owned 6,126 shares in the company, valued at $103,039.32. The trade was a 95.97% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders purchased 142,256 shares of company stock worth $2,400,973 and sold 112,924 shares worth $2,350,190. 16.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On American Integrity Insurance Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AII. Donald Smith & CO. Inc. bought a new stake in shares of American Integrity Insurance Group in the 2nd quarter valued at approximately $2,192,000. BlackRock Inc. purchased a new stake in American Integrity Insurance Group during the 2nd quarter valued at $16,723,000. Deutsche Bank AG purchased a new stake in American Integrity Insurance Group during the 2nd quarter valued at $199,000. Bank of New York Mellon Corp bought a new stake in American Integrity Insurance Group in the second quarter worth $945,000. Finally, State of Wyoming bought a new stake in American Integrity Insurance Group in the second quarter worth $214,000.

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.