Steven Mathis Buys 3,000 Shares of American Integrity Insurance Group (NYSE:AII) Stock

American Integrity Insurance Group, Inc. (NYSE:AII) Director Steven Mathis purchased 3,000 shares of American Integrity Insurance Group stock in a transaction that occurred on Tuesday, May 26th. The shares were bought at an average price of $16.82 per share, for a total transaction of $50,460.00. Following the transaction, the director owned 6,126 shares in the company, valued at $103,039.32. This represents a 95.97% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

American Integrity Insurance Group Stock Performance

NYSE:AII opened at $16.59 on Friday. The stock’s fifty day moving average price is $18.61 and its two-hundred day moving average price is $19.47. American Integrity Insurance Group, Inc. has a 52-week low of $15.77 and a 52-week high of $26.36. The company has a market cap of $324.90 million and a price-to-earnings ratio of 3.79.

American Integrity Insurance Group (NYSE:AII) last posted its quarterly earnings data on Tuesday, May 12th. The company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.09. American Integrity Insurance Group had a return on equity of 27.04% and a net margin of 27.56%.The firm had revenue of $90.93 million for the quarter. On average, equities analysts predict that American Integrity Insurance Group, Inc. will post 2.73 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in AII. Strs Ohio bought a new position in shares of American Integrity Insurance Group in the 3rd quarter worth $33,000. NewEdge Advisors LLC bought a new position in shares of American Integrity Insurance Group in the 4th quarter worth $33,000. New York State Common Retirement Fund bought a new position in shares of American Integrity Insurance Group in the 4th quarter worth $42,000. Police & Firemen s Retirement System of New Jersey boosted its position in shares of American Integrity Insurance Group by 172.7% in the 4th quarter. Police & Firemen s Retirement System of New Jersey now owns 2,446 shares of the company’s stock worth $51,000 after purchasing an additional 1,549 shares during the last quarter. Finally, JPMorgan Chase & Co. bought a new position in shares of American Integrity Insurance Group in the 3rd quarter worth $72,000.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on AII shares. Keefe, Bruyette & Woods reduced their price objective on American Integrity Insurance Group from $28.00 to $27.00 and set an “outperform” rating on the stock in a report on Tuesday, April 7th. Citigroup reaffirmed an “outperform” rating on shares of American Integrity Insurance Group in a research note on Wednesday, May 13th. 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 note on Wednesday, May 13th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of American Integrity Insurance Group in a research note on Monday, May 4th. Six investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, American Integrity Insurance Group presently has an average rating of “Moderate Buy” and an average target price of $26.75.

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.