American Integrity Insurance Group, Inc. (NYSE:AII) Receives $26.80 Consensus Target Price from Analysts

Shares of American Integrity Insurance Group, Inc. (NYSE:AII) have been assigned a consensus recommendation of “Moderate Buy” from the nine research firms that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $26.80.

AII has been the topic of several analyst reports. Citizens Jmp upped their target price on shares of American Integrity Insurance Group from $26.00 to $28.00 and gave the stock a “market outperform” rating in a research note on Monday, November 17th. Weiss Ratings restated a “sell (e+)” rating on shares of American Integrity Insurance Group in a report on Wednesday, October 8th. Keefe, Bruyette & Woods upped their price objective on American Integrity Insurance Group from $26.00 to $29.00 and gave the company an “outperform” rating in a research report on Tuesday, November 18th. Citigroup reissued an “outperform” rating on shares of American Integrity Insurance Group in a report on Tuesday, October 14th. Finally, JMP Securities boosted 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 note on Tuesday, October 14th.

American Integrity Insurance Group Price Performance

NYSE:AII opened at $19.01 on Tuesday. The firm’s 50-day moving average price is $21.00 and its 200-day moving average price is $20.51. The company has a market capitalization of $372.22 million and a PE ratio of 4.22. 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 released its earnings results on Wednesday, November 12th. The company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.10. The firm had revenue of $62.03 million for the quarter. American Integrity Insurance Group had a return on equity of 37.99% and a net margin of 31.63%.

Insiders Place Their Bets

In other American Integrity Insurance Group news, major shareholder James E. Sowell sold 2,353,200 shares of the company’s stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $19.00, for a total transaction of $44,710,800.00. Following the transaction, the insider owned 4,768,861 shares in the company, valued at approximately $90,608,359. This represents a 33.04% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Steven E. Smathers sold 171,800 shares of the firm’s stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $19.00, for a total transaction of $3,264,200.00. Following the sale, the director directly owned 173,414 shares in the company, valued at approximately $3,294,866. The trade was a 49.77% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 3,354,591 shares of company stock valued at $63,737,229.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in AII. Boston Partners bought a new stake in American Integrity Insurance Group during the 2nd quarter valued at $6,414,000. Federated Hermes Inc. purchased a new stake in shares of American Integrity Insurance Group during the 2nd quarter worth $7,233,000. Franklin Resources Inc. bought a new stake in American Integrity Insurance Group during the second quarter valued at about $2,833,000. Seven Grand Managers LLC bought a new stake in American Integrity Insurance Group during the second quarter valued at about $920,000. Finally, Mink Brook Asset Management LLC purchased a new position in American Integrity Insurance Group in the second quarter valued at about $7,844,000.

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.