Keefe, Bruyette & Woods Has Lowered Expectations for American Integrity Insurance Group (NYSE:AII) Stock Price

American Integrity Insurance Group (NYSE:AII) had its price objective lowered by stock analysts at Keefe, Bruyette & Woods from $29.00 to $28.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ price target suggests a potential upside of 47.84% from the stock’s current price.

AII has been the subject of a number of other research reports. Citizens Jmp boosted their price objective on shares of American Integrity Insurance Group from $26.00 to $28.00 and gave the company a “market outperform” rating in a research report on Monday, November 17th. Weiss Ratings reiterated a “sell (e+)” rating on shares of American Integrity Insurance Group in a research note on Wednesday, January 21st. Citigroup reaffirmed a “market outperform” rating on shares of American Integrity Insurance Group in a research report on Friday, January 16th. Finally, Raymond James Financial set a $28.00 price objective on shares of American Integrity Insurance Group in a research report on Friday, January 16th. Six 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. Based on data from MarketBeat.com, American Integrity Insurance Group has an average rating of “Moderate Buy” and an average price target of $27.75.

American Integrity Insurance Group Price Performance

Shares of AII stock traded down $0.56 during trading hours on Monday, reaching $18.94. 132,590 shares of the stock were exchanged, compared to its average volume of 138,949. The business’s fifty day moving average is $19.14 and its two-hundred day moving average is $20.76. The firm has a market capitalization of $370.83 million and a P/E ratio of 3.57. American Integrity Insurance Group has a 12-month low of $15.77 and a 12-month high of $26.36.

American Integrity Insurance Group (NYSE:AII) last released its earnings results on Tuesday, February 24th. The company reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.32. The business had revenue of $68.07 million for the quarter. American Integrity Insurance Group had a return on equity of 36.87% and a net margin of 36.03%.

Hedge Funds Weigh In On American Integrity Insurance Group

Several hedge funds have recently bought and sold shares of AII. NewEdge Advisors LLC purchased a new position in American Integrity Insurance Group in the 4th quarter valued at approximately $33,000. XTX Topco Ltd acquired a new stake in shares of American Integrity Insurance Group in the 4th quarter valued at about $257,000. Verdad Advisers LP acquired a new position in American Integrity Insurance Group during the fourth quarter worth approximately $782,000. Quadrature Capital Ltd purchased a new stake in American Integrity Insurance Group in the fourth quarter valued at approximately $737,000. Finally, Occudo Quantitative Strategies LP purchased a new position in shares of American Integrity Insurance Group during the fourth quarter worth approximately $531,000.

About American Integrity Insurance Group

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.