American Integrity Insurance Group, Inc. (NYSE:AII) Short Interest Up 70.8% in March

American Integrity Insurance Group, Inc. (NYSE:AII) saw a large increase in short interest in the month of March. As of March 13th, there was short interest totaling 118,026 shares, an increase of 70.8% from the February 26th total of 69,121 shares. Based on an average trading volume of 183,244 shares, the short-interest ratio is currently 0.6 days. Currently, 0.6% of the shares of the stock are short sold.

American Integrity Insurance Group Stock Performance

Shares of NYSE AII traded down $0.36 during midday trading on Friday, reaching $18.66. The stock had a trading volume of 116,814 shares, compared to its average volume of 174,441. American Integrity Insurance Group has a twelve month low of $15.77 and a twelve month high of $26.36. The company’s 50 day moving average price is $18.86 and its 200 day moving average price is $20.71. The firm has a market cap of $365.36 million and a price-to-earnings ratio of 3.51.

American Integrity Insurance Group (NYSE:AII) last announced its earnings results on Tuesday, February 24th. The company reported $1.11 EPS for the quarter, beating the consensus estimate of $0.79 by $0.32. The company had revenue of $68.07 million for the quarter. American Integrity Insurance Group had a return on equity of 36.87% and a net margin of 36.03%.

American Integrity Insurance Group Dividend Announcement

The company also recently declared a special dividend, which will be paid on Monday, March 30th. Investors of record on Monday, March 16th will be paid a dividend of $1.02 per share. The ex-dividend date of this dividend is Monday, March 16th.

Wall Street Analyst Weigh In

AII has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods lowered their target price on American Integrity Insurance Group from $29.00 to $28.00 and set an “outperform” rating for the company in a research note on Monday, March 9th. Weiss Ratings reiterated a “sell (e+)” rating on shares of American Integrity Insurance Group in a research report on Wednesday, January 21st. Raymond James Financial set a $28.00 price objective on shares of American Integrity Insurance Group in a research note on Friday, January 16th. Finally, Citigroup reaffirmed a “market outperform” rating on shares of American Integrity Insurance Group in a research note on Friday, January 16th. Six research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, American Integrity Insurance Group presently has a consensus rating of “Moderate Buy” and an average target price of $27.75.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in AII. Franklin Resources Inc. increased its holdings 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 acquiring an additional 2,834,289 shares in the last quarter. 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 purchasing an additional 101,365 shares during the period. Wasatch Advisors LP grew its position in American Integrity Insurance Group by 3.8% in the 3rd quarter. Wasatch Advisors LP now owns 907,338 shares of the company’s stock valued at $20,243,000 after purchasing an additional 33,344 shares during the period. Mink Brook Asset Management LLC increased its stake in American Integrity Insurance Group by 35.5% during 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 position in American Integrity Insurance Group during the second quarter worth $10,409,000.

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.