American Integrity Insurance Group (NYSE:AII) Stock Price Target Raised at Citizens Jmp

American Integrity Insurance Group (NYSE:AII) had its price objective lifted by equities research analysts at Citizens Jmp from $29.00 to $32.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage currently has a “market outperform” rating on the stock. Citizens Jmp‘s price objective would suggest a potential upside of 6.88% from the stock’s current price.

Several other analysts also recently commented on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of American Integrity Insurance Group in a report on Thursday, August 27th. Wall Street Zen upgraded shares of American Integrity Insurance Group from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. Citigroup reissued an “outperform” rating on shares of American Integrity Insurance Group in a report on Monday, October 12th. Piper Sandler raised their price objective on shares of American Integrity Insurance Group from $23.00 to $26.00 and gave the stock an “overweight” rating in a research report on Thursday, August 13th. Finally, Raymond James Financial restated an “outperform” rating on shares of American Integrity Insurance Group in a report on Tuesday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.00.

American Integrity Insurance Group Price Performance

AII stock opened at $29.94 on Wednesday. The company has a fifty day moving average price of $26.93 and a two-hundred day moving average price of $21.18. American Integrity Insurance Group has a one year low of $16.19 and a one year high of $32.21. The stock has a market cap of $586.52 million, a price-to-earnings ratio of 6.65 and a beta of -0.17.

American Integrity Insurance Group (NYSE:AII) last released its quarterly earnings data on Tuesday, November 10th. The company reported $1.44 EPS for the quarter, beating the consensus estimate of $0.67 by $0.77. The firm had revenue of $113.49 million for the quarter. American Integrity Insurance Group had a net margin of 26.20% and a return on equity of 26.74%. Research analysts anticipate that American Integrity Insurance Group will post 4.02 EPS for the current fiscal year.

Insider Buying and Selling

In other American Integrity Insurance Group news, CEO Robert Ritchie sold 69,727 shares of the company’s stock in a transaction on Monday, October 12th. The stock was sold at an average price of $27.12, for a total value of $1,890,996.24. Following the transaction, the chief executive officer directly owned 1,811,133 shares of the company’s stock, valued at $49,117,926.96. This represents a 3.71% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Over the last quarter, insiders sold 467,614 shares of company stock valued at $12,245,803. Corporate insiders own 16.40% of the company’s stock.

Institutional Investors Weigh In On American Integrity Insurance Group

A number of institutional investors have recently modified their holdings of the business. R Squared Ltd boosted its position in shares of American Integrity Insurance Group by 5.6% in the third quarter. R Squared Ltd now owns 23,642 shares of the company’s stock valued at $591,000 after acquiring an additional 1,254 shares during the period. GAMMA Investing LLC increased its position in American Integrity Insurance Group by 9,544.4% during the third quarter. GAMMA Investing LLC now owns 1,736 shares of the company’s stock worth $43,000 after acquiring an additional 1,718 shares during the period. Bank of America Corp DE increased its position in American Integrity Insurance Group by 0.8% during the first quarter. Bank of America Corp DE now owns 293,443 shares of the company’s stock worth $5,658,000 after acquiring an additional 2,193 shares during the period. NewEdge Advisors LLC raised its stake in American Integrity Insurance Group by 156.2% in the 1st quarter. NewEdge Advisors LLC now owns 4,100 shares of the company’s stock worth $79,000 after purchasing an additional 2,500 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in American Integrity Insurance Group by 13.3% in the 1st quarter. Bank of New York Mellon Corp now owns 41,862 shares of the company’s stock worth $807,000 after purchasing an additional 4,901 shares in the last quarter.

About American Integrity Insurance Group

American Integrity Insurance Group, Inc. is a property and casualty insurance holding company focused primarily on the Florida residential market. Its insurance products include coverage for homeowners, condominium unit owners, renters, manufactured homes and rental properties. The company was founded in 2006 and is headquartered in Tampa, Florida. It serves customers through independent insurance agents and operates through its insurance subsidiaries, including American Integrity Insurance Company of Florida.