Keefe, Bruyette & Woods Cuts American Integrity Insurance Group (NYSE:AII) Price Target to $28.00

American Integrity Insurance Group (NYSE:AII) had its target price reduced by Keefe, Bruyette & Woods from $29.00 to $28.00 in a report released on Monday morning,Benzinga reports. They currently have an outperform rating on the stock.

Several other equities research analysts also recently commented on the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of American Integrity Insurance Group in a research report on Wednesday, January 21st. Citizens Jmp raised their target price on American Integrity Insurance Group from $26.00 to $28.00 and gave the stock a “market outperform” rating in a research report on Monday, November 17th. Raymond James Financial set a $28.00 target price on American Integrity Insurance Group in a report on Friday, January 16th. Finally, Citigroup reiterated a “market outperform” rating on shares of American Integrity Insurance Group in a research report on Friday, January 16th. Six equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $27.75.

American Integrity Insurance Group Stock Down 1.9%

AII stock opened at $19.02 on Monday. The company’s 50-day moving average price is $19.04 and its two-hundred day moving average price is $20.76. The firm has a market cap of $372.45 million and a P/E ratio of 3.58. American Integrity Insurance Group has a 12 month low of $15.77 and a 12 month high of $26.36.

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

American Integrity Insurance Group Dividend Announcement

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

Hedge Funds Weigh In On American Integrity Insurance Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Franklin Resources Inc. lifted its position in shares of 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 valued at $66,670,000 after buying an additional 2,834,289 shares during the last quarter. Wasatch Advisors LP purchased a new stake in American Integrity Insurance Group in the 2nd quarter worth about $16,073,000. Boston Partners increased 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 last quarter. Balyasny Asset Management L.P. bought a new stake in American Integrity Insurance Group in the 2nd quarter valued at about $10,409,000. Finally, Mink Brook Asset Management LLC purchased a new stake in American Integrity Insurance Group during the second quarter valued at about $7,844,000.

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.