American Integrity Insurance Group, Inc. (NYSE:AII) Sees Large Increase in Short Interest

American Integrity Insurance Group, Inc. (NYSE:AII) was the recipient of a significant growth in short interest during the month of December. As of December 31st, there was short interest totaling 194,136 shares, a growth of 127.7% from the December 15th total of 85,248 shares. Approximately 1.0% of the company’s stock are short sold. Based on an average daily trading volume, of 150,590 shares, the short-interest ratio is currently 1.3 days. Based on an average daily trading volume, of 150,590 shares, the short-interest ratio is currently 1.3 days. Approximately 1.0% of the company’s stock are short sold.

Insider Activity at American Integrity Insurance Group

In other American Integrity Insurance Group news, CEO Robert C. Ritchie sold 475,000 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 $9,025,000.00. Following the completion of the sale, the chief executive officer directly owned 2,454,500 shares in the company, valued at $46,635,500. This represents a 16.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Steven E. Smathers sold 171,800 shares of American Integrity Insurance Group stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $19.00, for a total value of $3,264,200.00. Following the completion of the transaction, the director owned 173,414 shares in the company, valued at $3,294,866. The trade was a 49.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 3,354,591 shares of company stock valued at $63,737,229.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in AII. Strs Ohio bought a new stake in shares of American Integrity Insurance Group in the third quarter worth about $33,000. FNY Investment Advisers LLC bought a new stake in shares of American Integrity Insurance Group in the 2nd quarter worth approximately $45,000. JPMorgan Chase & Co. purchased a new position in shares of American Integrity Insurance Group during the third quarter valued at approximately $72,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of American Integrity Insurance Group during the third quarter valued at approximately $83,000. Finally, Raymond James Financial Inc. purchased a new stake in American Integrity Insurance Group in the second quarter worth $101,000.

Analyst Ratings Changes

A number of brokerages recently issued reports on AII. JMP Securities increased their target price on shares of American Integrity Insurance Group from $23.00 to $26.00 and gave the stock a “market outperform” rating in a research report on Tuesday, October 14th. Citizens Jmp boosted their target price 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. Raymond James Financial set a $28.00 price objective on American Integrity Insurance Group in a research report on Friday. Piper Sandler upped their target price on American Integrity Insurance Group from $22.00 to $27.00 and gave the stock an “overweight” rating in a report on Monday, October 6th. Finally, Citigroup reaffirmed a “market outperform” rating on shares of American Integrity Insurance Group in a research report on Friday. Seven analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $27.60.

American Integrity Insurance Group Stock Performance

Shares of AII stock traded down $0.24 during trading hours on Friday, hitting $18.80. 56,606 shares of the company were exchanged, compared to its average volume of 116,935. The company has a 50 day simple moving average of $21.00 and a two-hundred day simple moving average of $20.51. American Integrity Insurance Group has a fifty-two week low of $15.77 and a fifty-two week high of $26.36. The firm has a market cap of $368.01 million and a P/E ratio of 4.18.

American Integrity Insurance Group (NYSE:AII) last announced its quarterly earnings results on Wednesday, November 12th. The company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.10. The business had revenue of $62.03 million during the quarter. American Integrity Insurance Group had a return on equity of 37.99% and a net margin of 31.63%.

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.