American Integrity Insurance Group (NYSE:AII) Price Target Raised to $32.00

American Integrity Insurance Group (NYSE:AII) had its price objective upped by Citizens Jmp from $29.00 to $32.00 in a report published on Wednesday,Benzinga reports. They currently have a market outperform rating on the stock.

Other research analysts have also issued research reports about the stock. Weiss Ratings reissued a “sell (d)” rating on shares of American Integrity Insurance Group in a research note on Thursday, August 27th. Raymond James Financial reaffirmed an “outperform” rating on shares of American Integrity Insurance Group in a research note on Tuesday, October 6th. Zacks Research upgraded shares of American Integrity Insurance Group from a “hold” rating to a “strong-buy” rating in a report on Monday, August 17th. Wall Street Zen upgraded shares of American Integrity Insurance Group from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of American Integrity Insurance Group from $29.00 to $31.00 and gave the stock an “outperform” rating in a research report on Monday, October 12th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, American Integrity Insurance Group presently has an average rating of “Moderate Buy” and a consensus price target of $29.00.

American Integrity Insurance Group Stock Performance

Shares of American Integrity Insurance Group stock opened at $27.81 on Wednesday. The firm has a fifty day moving average of $27.09 and a two-hundred day moving average of $21.33. The stock has a market capitalization of $544.82 million, a price-to-earnings ratio of 5.30 and a beta of -0.17. American Integrity Insurance Group has a 52 week low of $16.19 and a 52 week high of $32.21.

American Integrity Insurance Group (NYSE:AII) last posted its quarterly earnings results on Tuesday, November 10th. The company reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.77. American Integrity Insurance Group had a return on equity of 30.27% and a net margin of 26.64%. The business had revenue of $113.49 million for the quarter. As a group, research analysts forecast that American Integrity Insurance Group will post 4.27 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Robert Ritchie sold 69,727 shares of the firm’s stock in a transaction that occurred on Monday, October 12th. The shares were sold at an average price of $27.12, for a total transaction of $1,890,996.24. Following the completion of the transaction, the chief executive officer directly owned 1,811,133 shares of the company’s stock, valued at $49,117,926.96. This trade represents a 3.71% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last three months, insiders sold 436,736 shares of company stock worth $11,637,154. Corporate insiders own 16.40% of the company’s stock.

Hedge Funds Weigh In On American Integrity Insurance Group

Hedge funds have recently modified their holdings of the stock. Marshall Wace LLP increased its stake in shares of American Integrity Insurance Group by 13.3% during the 3rd quarter. Marshall Wace LLP now owns 122,011 shares of the company’s stock worth $3,049,000 after purchasing an additional 14,316 shares during the last quarter. Empowered Funds LLC acquired a new stake in shares of American Integrity Insurance Group in the third quarter valued at approximately $1,807,000. Southeast Asset Advisors LLC acquired a new stake in shares of American Integrity Insurance Group in the third quarter valued at approximately $3,185,000. First Trust Advisors LP lifted its position in shares of American Integrity Insurance Group by 124.2% in the third quarter. First Trust Advisors LP now owns 51,013 shares of the company’s stock valued at $1,275,000 after buying an additional 28,256 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in shares of American Integrity Insurance Group by 39.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 455,804 shares of the company’s stock worth $11,391,000 after acquiring an additional 128,920 shares during the period.

American Integrity Insurance Group Company Profile

American Integrity Insurance Group, Inc. is a property and casualty insurance holding company focused primarily on the Florida residential market. Its insurance products include coverage for homeowners, condominium unit owners, renters, manufactured homes and rental properties. The company was founded in 2006 and is headquartered in Tampa, Florida. It serves customers through independent insurance agents and operates through its insurance subsidiaries, including American Integrity Insurance Company of Florida.