American Integrity Insurance Group, Inc. (NYSE:AII) Receives $25.75 Average Price Target from Brokerages

American Integrity Insurance Group, Inc. (NYSE:AII) has earned a consensus recommendation of “Moderate Buy” from the six brokerages that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation and five have issued a buy recommendation on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $25.75.

A number of analysts have recently issued reports on AII shares. Citizens Jmp dropped their price target on shares of American Integrity Insurance Group from $28.00 to $25.00 and set a “market outperform” rating on the stock in a report on Wednesday, May 13th. Weiss Ratings upgraded shares of American Integrity Insurance Group from a “sell (d-)” rating to a “sell (d)” rating in a research report on Monday, June 1st. Piper Sandler raised their target price on shares of American Integrity Insurance Group from $20.00 to $23.00 and gave the stock an “overweight” rating in a report on Wednesday, July 15th. Finally, Citigroup reaffirmed an “outperform” rating on shares of American Integrity Insurance Group in a research report on Wednesday, May 13th.

American Integrity Insurance Group Stock Performance

Shares of NYSE AII opened at $20.91 on Friday. The company has a 50 day simple moving average of $18.45 and a two-hundred day simple moving average of $18.60. American Integrity Insurance Group has a fifty-two week low of $16.19 and a fifty-two week high of $26.36. The company has a market capitalization of $409.53 million, a price-to-earnings ratio of 4.77 and a beta of -0.20.

American Integrity Insurance Group (NYSE:AII) last issued its quarterly earnings results on Tuesday, May 12th. The company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.09. The firm had revenue of $90.93 million during the quarter. American Integrity Insurance Group had a return on equity of 27.04% and a net margin of 27.56%. On average, analysts forecast that American Integrity Insurance Group will post 2.73 earnings per share for the current fiscal year.

Insider Transactions at American Integrity Insurance Group

In other American Integrity Insurance Group news, CEO Robert C. Ritchie sold 33,000 shares of the stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $20.68, for a total value of $682,440.00. Following the transaction, the chief executive officer owned 2,400,997 shares of the company’s stock, valued at approximately $49,652,617.96. This represents a 1.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder James E. Sowell bought 79,497 shares of the stock in a transaction on Tuesday, June 9th. The stock was purchased at an average cost of $16.85 per share, for a total transaction of $1,339,524.45. Following the acquisition, the insider owned 4,610,180 shares of the company’s stock, valued at $77,681,533. This trade represents a 1.75% increase in their position. The SEC filing for this purchase provides additional information. In the last quarter, insiders have bought 142,256 shares of company stock valued at $2,400,973. Corporate insiders own 16.40% of the company’s stock.

Institutional Investors Weigh In On American Integrity Insurance Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. NewEdge Advisors LLC bought a new stake in American Integrity Insurance Group during the fourth quarter valued at approximately $33,000. New York State Common Retirement Fund purchased a new position in shares of American Integrity Insurance Group during the 4th quarter worth $42,000. Police & Firemen s Retirement System of New Jersey grew its position in shares of American Integrity Insurance Group by 172.7% during the 4th quarter. Police & Firemen s Retirement System of New Jersey now owns 2,446 shares of the company’s stock valued at $51,000 after acquiring an additional 1,549 shares during the period. JPMorgan Chase & Co. bought a new stake in shares of American Integrity Insurance Group during the 3rd quarter valued at $72,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of American Integrity Insurance Group in the 3rd quarter worth $83,000.

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.