American Integrity Insurance Group, Inc. $AII Shares Purchased by Mink Brook Asset Management LLC

Mink Brook Asset Management LLC raised its stake in American Integrity Insurance Group, Inc. (NYSE:AII) by 12.2% during the 3rd quarter, HoldingsChannel reports. The firm owned 478,473 shares of the company’s stock after acquiring an additional 51,933 shares during the quarter. American Integrity Insurance Group accounts for about 7.2% of Mink Brook Asset Management LLC’s portfolio, making the stock its 4th largest position. Mink Brook Asset Management LLC’s holdings in American Integrity Insurance Group were worth $10,675,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Franklin Resources Inc. grew its stake in shares of American Integrity Insurance Group by 1,840.0% in the third quarter. Franklin Resources Inc. now owns 2,988,329 shares of the company’s stock valued at $66,670,000 after buying an additional 2,834,289 shares in the last quarter. Wasatch Advisors LP acquired a new position in American Integrity Insurance Group during the 2nd quarter worth approximately $16,073,000. Boston Partners boosted its holdings in American Integrity Insurance Group by 212.5% in the 3rd quarter. Boston Partners now owns 1,089,780 shares of the company’s stock worth $24,316,000 after acquiring an additional 741,002 shares during the period. Balyasny Asset Management L.P. purchased a new position in American Integrity Insurance Group in the 2nd quarter worth approximately $10,409,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in American Integrity Insurance Group in the second quarter valued at approximately $7,356,000.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on AII shares. Raymond James Financial set a $28.00 target price on shares of American Integrity Insurance Group in a research report on Friday, January 16th. Citizens Jmp lifted their price target 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 reiterated a “sell (e+)” rating on shares of American Integrity Insurance Group in a report on Wednesday, January 21st. Citigroup reissued a “market outperform” rating on shares of American Integrity Insurance Group in a research report on Friday, January 16th. Finally, Keefe, Bruyette & Woods lowered their target price on American Integrity Insurance Group from $29.00 to $28.00 and set an “outperform” rating for the company in a research note on Monday, March 9th. Six analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $27.75.

American Integrity Insurance Group Stock Down 2.3%

Shares of AII opened at $18.89 on Tuesday. The firm has a market cap of $369.79 million and a price-to-earnings ratio of 3.56. The business’s 50 day moving average is $18.96 and its two-hundred day moving average is $20.76. American Integrity Insurance Group, Inc. has a 52-week low of $15.77 and a 52-week high of $26.36.

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

American Integrity Insurance Group Announces Dividend

The business also recently disclosed a special dividend, which will be paid on Monday, March 30th. Shareholders of record on Monday, March 16th will be paid a dividend of $1.02 per share. The ex-dividend date is Monday, March 16th.

American Integrity Insurance Group 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.