American Integrity Insurance Group (NYSE:AII) Price Target Raised to $28.00

American Integrity Insurance Group (NYSE:AII) had its price objective boosted by Citizens Jmp from $26.00 to $28.00 in a report released on Monday,Benzinga reports. The brokerage currently has a market outperform rating on the stock.

Several other analysts also recently weighed in on the company. Raymond James Financial restated an “outperform” rating and set a $24.00 price objective (up from $22.00) on shares of American Integrity Insurance Group in a research report on Monday, September 22nd. Weiss Ratings reissued a “sell (e+)” rating on shares of American Integrity Insurance Group in a report on Wednesday, October 8th. JMP Securities raised their price target on shares of American Integrity Insurance Group from $23.00 to $26.00 and gave the company a “market outperform” rating in a research note on Tuesday, October 14th. Piper Sandler upped their price objective on shares of American Integrity Insurance Group from $22.00 to $27.00 and gave the stock an “overweight” rating in a research report on Monday, October 6th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of American Integrity Insurance Group from $23.00 to $26.00 and gave the company an “outperform” rating in a research note on Monday, October 6th. Seven analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, American Integrity Insurance Group presently has an average rating of “Moderate Buy” and a consensus target price of $26.80.

American Integrity Insurance Group Stock Performance

Shares of American Integrity Insurance Group stock opened at $20.72 on Monday. The company has a market cap of $405.70 million and a P/E ratio of 4.60. The stock’s 50 day moving average price is $22.98. American Integrity Insurance Group has a 1-year low of $15.77 and a 1-year high of $26.36.

American Integrity Insurance Group (NYSE:AII) last announced its quarterly earnings data on Wednesday, November 12th. The company reported $0.71 earnings per share (EPS) for the quarter, beating 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 for the quarter.

Institutional Investors Weigh In On American Integrity Insurance Group

Several hedge funds have recently added to or reduced their stakes in AII. Emerald Advisers LLC acquired a new stake in shares of American Integrity Insurance Group during the second quarter worth $653,000. Boston Partners bought a new stake in American Integrity Insurance Group during the second quarter valued at $4,790,000. Emerald Mutual Fund Advisers Trust acquired a new stake in American Integrity Insurance Group during the 2nd quarter worth about $4,037,000. FNY Investment Advisers LLC bought a new position in shares of American Integrity Insurance Group in the 2nd quarter worth about $45,000. Finally, SG Americas Securities LLC acquired a new position in shares of American Integrity Insurance Group in the 3rd quarter valued at about $271,000.

American Integrity Insurance Group Company Profile

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.