American Integrity Insurance Group, Inc. (NYSE:AII) Receives $27.75 Consensus Target Price from Analysts

Shares of American Integrity Insurance Group, Inc. (NYSE:AII) have earned a consensus rating of “Moderate Buy” from the eight research firms that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $27.75.

AII has been the topic of a number of analyst reports. Citigroup restated a “market outperform” rating on shares of American Integrity Insurance Group in a research note on Friday, January 16th. Raymond James Financial set a $28.00 price objective on American Integrity Insurance Group in a research report on Friday, January 16th. Keefe, Bruyette & Woods dropped their price objective on American Integrity Insurance Group from $29.00 to $28.00 and set an “outperform” rating on the stock in a report on Monday, March 9th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of American Integrity Insurance Group in a research report on Wednesday, January 21st.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Franklin Resources Inc. raised its stake in American Integrity Insurance Group by 1,840.0% during the 3rd quarter. Franklin Resources Inc. now owns 2,988,329 shares of the company’s stock worth $66,670,000 after acquiring an additional 2,834,289 shares in the last quarter. Boston Partners boosted its stake in American Integrity Insurance Group by 9.3% in the fourth quarter. Boston Partners now owns 1,191,145 shares of the company’s stock valued at $24,809,000 after acquiring an additional 101,365 shares in the last quarter. Wasatch Advisors LP grew its holdings in shares of American Integrity Insurance Group by 3.8% during the third quarter. Wasatch Advisors LP now owns 907,338 shares of the company’s stock worth $20,243,000 after purchasing an additional 33,344 shares during the last quarter. Mink Brook Asset Management LLC grew its holdings in shares of American Integrity Insurance Group by 35.5% during the fourth quarter. Mink Brook Asset Management LLC now owns 648,405 shares of the company’s stock worth $13,506,000 after purchasing an additional 169,932 shares during the last quarter. Finally, Balyasny Asset Management L.P. acquired a new stake in shares of American Integrity Insurance Group during the second quarter worth about $10,409,000.

American Integrity Insurance Group Stock Up 0.2%

NYSE AII opened at $19.24 on Friday. American Integrity Insurance Group has a 52 week low of $15.77 and a 52 week high of $26.36. The firm has a 50 day moving average of $18.88 and a two-hundred day moving average of $20.68. The stock has a market capitalization of $376.62 million and a PE ratio of 3.62.

American Integrity Insurance Group (NYSE:AII) last announced its quarterly earnings data on Tuesday, February 24th. The company reported $1.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.32. The business had revenue of $68.07 million for 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 was paid on Monday, March 30th. Shareholders of record on Monday, March 16th were issued a dividend of $1.02 per share. The ex-dividend date of this dividend was Monday, March 16th.

American Integrity Insurance Group Company 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.