American Integrity Insurance Group (NYSE:AII) Price Target Lowered to $25.00 at Citizens Jmp

American Integrity Insurance Group (NYSE:AII) had its price objective reduced by Citizens Jmp from $28.00 to $25.00 in a research note issued to investors on Wednesday,Benzinga reports. Citizens Jmp currently has a market outperform rating on the stock.

AII has been the topic of a number of other research reports. Keefe, Bruyette & Woods dropped 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. Citigroup restated an “outperform” rating on shares of American Integrity Insurance Group in a research report on Wednesday. Raymond James Financial set a $28.00 price target on shares of American Integrity Insurance Group in a research report on Friday, January 16th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of American Integrity Insurance Group in a research report on Monday, May 4th. Six investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $26.75.

American Integrity Insurance Group Price Performance

NYSE:AII opened at $16.82 on Wednesday. The firm’s 50 day simple moving average is $19.18 and its 200 day simple moving average is $20.03. American Integrity Insurance Group has a one year low of $15.77 and a one year high of $26.36. The company has a market cap of $329.41 million and a PE ratio of 3.84.

American Integrity Insurance Group (NYSE:AII) last posted its earnings results on Tuesday, May 12th. The company reported $1.03 EPS for the quarter, topping 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 27.40%. The business had revenue of $90.93 million for the quarter. Equities research analysts expect that American Integrity Insurance Group will post 2.73 EPS for the current year.

American Integrity Insurance Group Announces Dividend

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of AII. Geode Capital Management LLC acquired a new position in shares of American Integrity Insurance Group in the 2nd quarter worth approximately $1,382,000. XTX Topco Ltd acquired a new position in shares of American Integrity Insurance Group during the 2nd quarter valued at $192,000. Marshall Wace LLP acquired a new position in shares of American Integrity Insurance Group during the 2nd quarter valued at $2,123,000. Qube Research & Technologies Ltd acquired a new position in shares of American Integrity Insurance Group during the 2nd quarter valued at $292,000. Finally, The Manufacturers Life Insurance Company acquired a new position in shares of American Integrity Insurance Group during the 2nd quarter valued at $7,356,000.

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.