American Integrity Insurance Group (NYSE:AII) Sets New 1-Year High – What’s Next?

American Integrity Insurance Group, Inc. (NYSE:AII) shares reached a new 52-week high during mid-day trading on Tuesday. The company traded as high as $29.87 and last traded at $29.4510, with a volume of 10,156 shares traded. The stock had previously closed at $29.50.

Wall Street Analysts Forecast Growth

AII has been the topic of several recent research reports. Citizens Jmp upped their price objective on shares of American Integrity Insurance Group from $26.00 to $29.00 and gave the company a “market outperform” rating in a report on Monday, October 12th. Keefe, Bruyette & Woods raised their target price on shares of American Integrity Insurance Group from $29.00 to $31.00 and gave the stock an “outperform” rating in a report on Monday, October 12th. Wall Street Zen upgraded shares of American Integrity Insurance Group from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Weiss Ratings restated a “sell (d)” rating on shares of American Integrity Insurance Group in a research report on Thursday, August 27th. Finally, Raymond James Financial reaffirmed an “outperform” rating on shares of American Integrity Insurance Group in a report on Tuesday, October 6th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $28.25.

American Integrity Insurance Group Stock Up 0.0%

The business has a 50-day simple moving average of $26.71 and a 200-day simple moving average of $20.90. The company has a market cap of $578.19 million, a PE ratio of 6.59 and a beta of 0.02.

American Integrity Insurance Group (NYSE:AII) last posted its quarterly earnings data on Tuesday, August 11th. The company reported $1.78 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.97. The business had revenue of $115.17 million during the quarter. American Integrity Insurance Group had a return on equity of 26.74% and a net margin of 26.20%. On average, research analysts forecast that American Integrity Insurance Group, Inc. will post 4.02 EPS for the current fiscal year.

Insider Transactions at American Integrity Insurance Group

In related news, CEO Robert Ritchie sold 26,436 shares of the business’s stock in a transaction on Wednesday, October 14th. The shares were sold at an average price of $27.23, for a total value of $719,852.28. Following the completion of the sale, the chief executive officer owned 1,733,997 shares of the company’s stock, valued at approximately $47,216,738.31. The trade was a 1.50% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last 90 days, insiders have sold 561,598 shares of company stock valued at $14,291,270. 16.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Inspire Investing LLC purchased a new position in American Integrity Insurance Group during the 3rd quarter valued at about $2,322,000. GAMMA Investing LLC grew its holdings in American Integrity Insurance Group by 9,544.4% during the 3rd quarter. GAMMA Investing LLC now owns 1,736 shares of the company’s stock worth $43,000 after acquiring an additional 1,718 shares in the last quarter. Hsbc Holdings PLC grew its holdings in American Integrity Insurance Group by 88.5% during the 2nd quarter. Hsbc Holdings PLC now owns 22,949 shares of the company’s stock worth $439,000 after acquiring an additional 10,775 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of American Integrity Insurance Group in the 2nd quarter valued at approximately $272,000. Finally, Bank of America Corp DE purchased a new stake in shares of American Integrity Insurance Group in the 2nd quarter valued at approximately $3,942,000.

About American Integrity Insurance Group

American Integrity Insurance Group, Inc is an insurance holding company focused on personal residential property insurance. Through its insurance subsidiaries, the company provides coverage designed to protect homeowners and other residential property owners from risks such as wind, fire, water damage and other covered losses.

The company’s product offerings include homeowners insurance, condominium unit-owner insurance, renters insurance and coverage for residential properties used as rental or investment homes.