Analysts Set American Integrity Insurance Group, Inc. (NYSE:AII) Price Target at $26.80

Shares of American Integrity Insurance Group, Inc. (NYSE:AII) have received an average rating of “Moderate Buy” from the nine research firms that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $26.80.

Several research firms have recently issued reports on AII. JMP Securities raised their price target on American Integrity Insurance Group from $23.00 to $26.00 and gave the stock a “market outperform” rating in a research report on Tuesday, October 14th. Weiss Ratings restated a “sell (e+)” rating on shares of American Integrity Insurance Group in a research report on Wednesday, October 8th. Citizens Jmp upped their price target on American Integrity Insurance Group from $26.00 to $28.00 and gave the company a “market outperform” rating in a research note on Monday, November 17th. Raymond James Financial reissued an “outperform” rating and set a $24.00 price objective (up previously from $22.00) on shares of American Integrity Insurance Group in a research note on Monday, September 22nd. Finally, Keefe, Bruyette & Woods upped their target price on shares of American Integrity Insurance Group from $26.00 to $29.00 and gave the company an “outperform” rating in a research note on Tuesday, November 18th.

Insider Activity at American Integrity Insurance Group

In other American Integrity Insurance Group news, Director Steven E. Smathers sold 171,800 shares of American Integrity Insurance Group stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $19.00, for a total value of $3,264,200.00. Following the sale, the director owned 173,414 shares of the company’s stock, valued at $3,294,866. This trade represents a 49.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Robert C. Ritchie sold 475,000 shares of the company’s stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $19.00, for a total value of $9,025,000.00. Following the transaction, the chief executive officer directly owned 2,454,500 shares of the company’s stock, valued at approximately $46,635,500. This trade represents a 16.21% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 3,000,000 shares of company stock worth $57,000,000.

Institutional Trading of American Integrity Insurance Group

Several institutional investors and hedge funds have recently bought and sold shares of AII. FNY Investment Advisers LLC acquired a new stake in shares of American Integrity Insurance Group during the 2nd quarter worth about $45,000. Emerald Advisers LLC acquired a new stake in shares of American Integrity Insurance Group in the 2nd quarter valued at $653,000. Emerald Mutual Fund Advisers Trust bought a new position in shares of American Integrity Insurance Group in the 2nd quarter valued at $4,037,000. Boston Partners acquired a new position in shares of American Integrity Insurance Group during the 2nd quarter worth $4,790,000. Finally, Geode Capital Management LLC acquired a new stake in American Integrity Insurance Group in the second quarter valued at about $1,382,000.

American Integrity Insurance Group Stock Up 0.4%

Shares of NYSE AII opened at $20.97 on Monday. American Integrity Insurance Group has a 1 year low of $15.77 and a 1 year high of $26.36. The company has a 50-day simple moving average of $22.96. The company has a market cap of $410.49 million and a price-to-earnings ratio of 4.66.

American Integrity Insurance Group (NYSE:AII) last posted its quarterly earnings results on Wednesday, November 12th. The company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.10. American Integrity Insurance Group had a net margin of 31.63% and a return on equity of 37.99%. The business had revenue of $62.03 million during the quarter.

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.