American Integrity Insurance Group, Inc. (NYSE:AII) Given Consensus Recommendation of “Moderate Buy” by Brokerages

American Integrity Insurance Group, Inc. (NYSE:AII) has been given an average rating of “Moderate Buy” by the eight brokerages that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $22.00.

Several equities research analysts have issued reports on AII shares. Raymond James Financial reiterated an “outperform” rating and issued a $22.00 price target (up from $20.00) on shares of American Integrity Insurance Group in a research note on Monday, August 18th. William Blair began coverage on American Integrity Insurance Group in a report on Friday, June 6th. They set an “outperform” rating on the stock. Wall Street Zen raised American Integrity Insurance Group to a “hold” rating in a research report on Thursday, May 22nd. Citigroup began coverage on American Integrity Insurance Group in a research note on Monday, June 2nd. They issued an “outperform” rating for the company. Finally, JMP Securities set a $23.00 price objective on American Integrity Insurance Group and gave the stock an “outperform” rating in a research note on Monday, June 2nd.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Hudson Bay Capital Management LP bought a new position in shares of American Integrity Insurance Group in the 2nd quarter valued at about $1,771,000. State of Tennessee Department of Treasury bought a new position in American Integrity Insurance Group during the second quarter worth about $337,000. Wasatch Advisors LP acquired a new position in American Integrity Insurance Group during the second quarter worth approximately $16,073,000. Shay Capital LLC acquired a new position in American Integrity Insurance Group during the second quarter worth approximately $1,103,000. Finally, Oxford Asset Management LLP bought a new stake in American Integrity Insurance Group in the second quarter valued at approximately $273,000.

American Integrity Insurance Group Stock Up 1.3%

AII stock opened at $20.54 on Wednesday. The stock’s 50-day moving average price is $18.56. American Integrity Insurance Group has a fifty-two week low of $15.77 and a fifty-two week high of $20.64.

American Integrity Insurance Group (NYSE:AII) last released its quarterly earnings results on Tuesday, August 12th. The company reported $1.84 earnings per share for the quarter, topping analysts’ consensus estimates of $1.69 by $0.15.

About American Integrity Insurance Group

We are a profitable and growing insurance group headquartered in Tampa, Florida. Through our insurance carrier subsidiary, American Integrity Insurance Company of Florida, Inc (“AIICFL”), we provide personal residential property insurance for single-family homeowners and condominium owners as well as coverage for vacant dwellings and investment properties, predominantly in Florida.