American Integrity Insurance Group, Inc. (NYSE:AII) Receives Consensus Recommendation of “Moderate Buy” from Analysts

American Integrity Insurance Group, Inc. (NYSE:AII) has received an average recommendation of “Moderate Buy” from the six ratings firms that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation and five have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $26.75.

Several analysts have weighed in on AII shares. Weiss Ratings raised American Integrity Insurance Group from a “sell (d-)” rating to a “sell (d)” rating in a report on Monday, June 1st. Citigroup restated an “outperform” rating on shares of American Integrity Insurance Group in a research report on Wednesday, May 13th. Citizens Jmp decreased their target price on American Integrity Insurance Group from $28.00 to $25.00 and set a “market outperform” rating for the company in a research report on Wednesday, May 13th. Finally, Keefe, Bruyette & Woods decreased their target price on American Integrity Insurance Group from $28.00 to $27.00 and set an “outperform” rating for the company in a research report on Tuesday, April 7th.

Insider Activity at American Integrity Insurance Group

In other American Integrity Insurance Group news, Director Steven B. Mathis acquired 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The stock was acquired at an average cost of $16.82 per share, for a total transaction of $50,460.00. Following the transaction, the director owned 6,126 shares of the company’s stock, valued at $103,039.32. This trade represents a 95.97% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Steven E. Smathers acquired 2,900 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The stock was acquired at an average price of $16.99 per share, with a total value of $49,271.00. Following the completion of the transaction, the director directly owned 177,827 shares in the company, valued at $3,021,280.73. This trade represents a 1.66% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders acquired 142,256 shares of company stock worth $2,400,973. 16.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On American Integrity Insurance Group

Several institutional investors have recently bought and sold shares of AII. Pacific Ridge Capital Partners LLC raised its stake in shares of American Integrity Insurance Group by 27.3% during the 3rd quarter. Pacific Ridge Capital Partners LLC now owns 250,253 shares of the company’s stock worth $5,583,000 after purchasing an additional 53,713 shares in the last quarter. FJ Capital Management LLC raised its stake in shares of American Integrity Insurance Group by 1,261.6% during the 4th quarter. FJ Capital Management LLC now owns 153,491 shares of the company’s stock worth $3,197,000 after purchasing an additional 142,218 shares in the last quarter. Mink Brook Asset Management LLC raised its stake in shares of American Integrity Insurance Group by 12.2% during the 3rd quarter. Mink Brook Asset Management LLC now owns 478,473 shares of the company’s stock worth $10,675,000 after purchasing an additional 51,933 shares in the last quarter. State of Wyoming bought a new stake in shares of American Integrity Insurance Group during the 1st quarter worth approximately $134,000. Finally, Emerald Advisers LLC raised its stake in shares of American Integrity Insurance Group by 23.7% during the 1st quarter. Emerald Advisers LLC now owns 39,127 shares of the company’s stock worth $754,000 after purchasing an additional 7,506 shares in the last quarter.

American Integrity Insurance Group Stock Up 2.7%

American Integrity Insurance Group stock opened at $17.13 on Friday. The stock has a 50-day simple moving average of $18.01 and a 200 day simple moving average of $18.93. American Integrity Insurance Group has a 12-month low of $16.16 and a 12-month high of $26.36. The stock has a market capitalization of $335.54 million and a price-to-earnings ratio of 3.91.

American Integrity Insurance Group (NYSE:AII) last released its quarterly earnings results on Tuesday, May 12th. The company reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.09. American Integrity Insurance Group had a return on equity of 27.04% and a net margin of 27.56%.The business had revenue of $90.93 million during the quarter. As a group, sell-side analysts anticipate that American Integrity Insurance Group will post 2.73 EPS for the current year.

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.