American Integrity Insurance Group (NYSE:AII) Posts Quarterly Earnings Results, Beats Expectations By $0.10 EPS

American Integrity Insurance Group (NYSE:AII) released its quarterly earnings data on Tuesday. The company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.10, Zacks reports.

American Integrity Insurance Group Stock Performance

Shares of AII stock traded up $0.78 during trading hours on Tuesday, hitting $26.17. 269,849 shares of the company were exchanged, compared to its average volume of 125,378. The company’s 50 day simple moving average is $22.36. The stock has a market capitalization of $512.07 million and a price-to-earnings ratio of 6.90. American Integrity Insurance Group has a fifty-two week low of $15.77 and a fifty-two week high of $26.36.

Institutional Investors Weigh In On American Integrity Insurance Group

A number of large investors have recently bought and sold shares of AII. JPMorgan Chase & Co. bought a new position in shares of American Integrity Insurance Group during the 3rd quarter worth about $72,000. Raymond James Financial Inc. acquired a new position in American Integrity Insurance Group during the 2nd quarter worth approximately $101,000. Rhumbline Advisers bought a new position in American Integrity Insurance Group in the third quarter worth approximately $155,000. XTX Topco Ltd acquired a new stake in American Integrity Insurance Group in the second quarter valued at approximately $192,000. Finally, Engineers Gate Manager LP bought a new stake in shares of American Integrity Insurance Group during the second quarter valued at approximately $248,000.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on AII shares. Weiss Ratings reissued a “sell (e+)” rating on shares of American Integrity Insurance Group in a report on Wednesday, October 8th. JMP Securities boosted their price objective on shares of American Integrity Insurance Group from $23.00 to $26.00 and gave the stock a “market outperform” rating in a research note on Tuesday, October 14th. Raymond James Financial reaffirmed an “outperform” rating and set a $24.00 target price (up from $22.00) on shares of American Integrity Insurance Group in a research report on Monday, September 22nd. Keefe, Bruyette & Woods lifted their target price on American Integrity Insurance Group from $23.00 to $26.00 and gave the stock an “outperform” rating in a report on Monday, October 6th. Finally, Citigroup restated an “outperform” rating on shares of American Integrity Insurance Group in a research report on Tuesday, October 14th. Seven equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $25.20.

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.