American Integrity Insurance Group (NYSE:AII) Issues Quarterly Earnings Results

American Integrity Insurance Group (NYSE:AII) issued its quarterly earnings data on Tuesday. The company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.09, FiscalAI reports. The firm had revenue of $90.93 million for the quarter. American Integrity Insurance Group had a net margin of 27.56% and a return on equity of 27.40%.

American Integrity Insurance Group Stock Up 1.4%

NYSE AII traded up $0.24 during trading hours on Thursday, hitting $17.11. The company’s stock had a trading volume of 51,707 shares, compared to its average volume of 124,532. The stock has a fifty day moving average of $19.18 and a 200 day moving average of $20.03. American Integrity Insurance Group has a twelve month low of $15.77 and a twelve month high of $26.36. The firm has a market capitalization of $334.92 million and a P/E ratio of 3.91.

American Integrity Insurance Group Dividend Announcement

The firm also recently disclosed a special dividend, which was paid on Monday, March 30th. Investors of record on Monday, March 16th were issued a $1.02 dividend. The ex-dividend date was Monday, March 16th.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Keefe, Bruyette & Woods reduced their target price 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 reiterated an “outperform” rating on shares of American Integrity Insurance Group in a research report on Wednesday. Raymond James Financial set a $28.00 target price on shares of American Integrity Insurance Group in a research report on Friday, January 16th. Weiss Ratings reiterated a “sell (d-)” rating on shares of American Integrity Insurance Group in a research report on Monday, May 4th. Finally, Citizens Jmp reduced their target price on shares of American Integrity Insurance Group from $28.00 to $25.00 and set a “market outperform” rating on the stock in a research report on Wednesday. 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 company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $26.75.

Hedge Funds Weigh In On American Integrity Insurance Group

Several large investors have recently bought and sold shares of AII. Franklin Resources Inc. lifted its holdings in American Integrity Insurance Group by 1,840.0% in the third quarter. Franklin Resources Inc. now owns 2,988,329 shares of the company’s stock valued at $66,670,000 after buying an additional 2,834,289 shares during the period. Wasatch Advisors LP acquired a new position in American Integrity Insurance Group in the second quarter valued at approximately $16,073,000. Boston Partners lifted its holdings in American Integrity Insurance Group by 212.5% in the third quarter. Boston Partners now owns 1,089,780 shares of the company’s stock valued at $24,316,000 after buying an additional 741,002 shares during the period. Balyasny Asset Management L.P. acquired a new position in American Integrity Insurance Group in the second quarter valued at approximately $10,409,000. Finally, The Manufacturers Life Insurance Company bought a new stake in American Integrity Insurance Group in the second quarter valued at approximately $7,356,000.

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.