Steven Smathers Buys 2,900 Shares of American Integrity Insurance Group (NYSE:AII) Stock

American Integrity Insurance Group, Inc. (NYSE:AII) Director Steven Smathers purchased 2,900 shares of the stock in a transaction that occurred on Friday, May 22nd. The stock was acquired at an average cost of $16.99 per share, with a total value of $49,271.00. Following the completion of the acquisition, the director directly owned 177,827 shares of the company’s stock, valued at $3,021,280.73. This represents a 1.66% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

American Integrity Insurance Group Trading Down 0.7%

Shares of NYSE:AII opened at $16.59 on Friday. The company has a market capitalization of $324.90 million and a PE ratio of 3.79. American Integrity Insurance Group, Inc. has a twelve month low of $15.77 and a twelve month high of $26.36. The firm has a 50 day simple moving average of $18.61 and a 200-day simple moving average of $19.47.

American Integrity Insurance Group (NYSE:AII) last issued its quarterly earnings data on Tuesday, May 12th. The company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.09. The business had revenue of $90.93 million during the quarter. American Integrity Insurance Group had a net margin of 27.56% and a return on equity of 27.04%. As a group, equities research analysts predict that American Integrity Insurance Group, Inc. will post 2.73 EPS for the current fiscal year.

Analyst Ratings Changes

AII has been the subject of several research analyst reports. Citigroup restated an “outperform” rating on shares of American Integrity Insurance Group in a research note on Wednesday, May 13th. Keefe, Bruyette & Woods decreased their price objective on shares of American Integrity Insurance Group from $28.00 to $27.00 and set an “outperform” rating for the company in a research note on Tuesday, April 7th. Weiss Ratings restated a “sell (d-)” rating on shares of American Integrity Insurance Group in a research note on Monday, May 4th. Finally, Citizens Jmp decreased their price objective on shares of American Integrity Insurance Group from $28.00 to $25.00 and set a “market outperform” rating for the company in a research note on Wednesday, May 13th. Six 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. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $26.75.

Institutional Investors Weigh In On American Integrity Insurance Group

Several hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC lifted its holdings in shares of American Integrity Insurance Group by 6.6% during the fourth quarter. SG Americas Securities LLC now owns 12,929 shares of the company’s stock worth $269,000 after purchasing an additional 796 shares during the period. Strs Ohio acquired a new stake in shares of American Integrity Insurance Group during the third quarter worth $33,000. Police & Firemen s Retirement System of New Jersey lifted its holdings in shares of American Integrity Insurance Group by 172.7% during the fourth quarter. Police & Firemen s Retirement System of New Jersey now owns 2,446 shares of the company’s stock worth $51,000 after purchasing an additional 1,549 shares during the period. NewEdge Advisors LLC acquired a new stake in American Integrity Insurance Group in the fourth quarter valued at about $33,000. Finally, New York State Common Retirement Fund acquired a new stake in American Integrity Insurance Group in the fourth quarter valued at about $42,000.

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.