American Integrity Insurance Group (NYSE:AII) Announces Earnings Results

American Integrity Insurance Group (NYSE:AII) issued its earnings results on Tuesday. The company reported $1.11 EPS for the quarter, topping the consensus estimate of $0.79 by $0.32, Zacks reports. American Integrity Insurance Group had a return on equity of 37.99% and a net margin of 31.63%.

American Integrity Insurance Group Stock Up 2.9%

NYSE:AII traded up $0.52 on Tuesday, hitting $18.21. The stock had a trading volume of 147,835 shares, compared to its average volume of 125,228. American Integrity Insurance Group has a 52 week low of $15.77 and a 52 week high of $26.36. The business’s fifty day moving average is $19.22 and its 200 day moving average is $20.64. The company has a market cap of $356.57 million and a PE ratio of 4.05.

Insider Buying and Selling

In related news, CEO Robert C. Ritchie sold 59,554 shares of American Integrity Insurance Group stock in a transaction on Friday, December 5th. The shares were sold at an average price of $19.00, for a total value of $1,131,526.00. Following the completion of the sale, the chief executive officer owned 2,417,212 shares of the company’s stock, valued at approximately $45,927,028. This trade represents a 2.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder James E. Sowell sold 295,037 shares of the business’s stock in a transaction on Friday, December 5th. The shares were sold at an average price of $19.00, for a total transaction of $5,605,703.00. Following the sale, the insider owned 4,473,824 shares of the company’s stock, valued at $85,002,656. This trade represents a 6.19% decrease in their position. The SEC filing for this sale provides additional information.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Engineers Gate Manager LP purchased a new stake in shares of American Integrity Insurance Group during the 2nd quarter valued at $248,000. BNP Paribas Financial Markets purchased a new position in American Integrity Insurance Group in the third quarter worth $221,000. XTX Topco Ltd bought a new position in American Integrity Insurance Group in the second quarter valued at $192,000. Los Angeles Capital Management LLC purchased a new stake in American Integrity Insurance Group during the fourth quarter valued at about $185,000. Finally, Wells Fargo & Company MN lifted its stake in American Integrity Insurance Group by 56.7% during the fourth quarter. Wells Fargo & Company MN now owns 8,898 shares of the company’s stock worth $185,000 after purchasing an additional 3,219 shares during the last quarter.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Keefe, Bruyette & Woods increased their price objective on shares of American Integrity Insurance Group from $26.00 to $29.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 18th. Weiss Ratings reissued a “sell (e+)” rating on shares of American Integrity Insurance Group in a research report on Wednesday, January 21st. Raymond James Financial set a $28.00 target price on American Integrity Insurance Group in a research report on Friday, January 16th. Citigroup reiterated a “market outperform” rating on shares of American Integrity Insurance Group in a report on Friday, January 16th. Finally, Citizens Jmp boosted their price target on American Integrity Insurance Group from $26.00 to $28.00 and gave the company a “market outperform” rating in a research note on Monday, November 17th. Six research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, American Integrity Insurance Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $28.00.

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.