American Integrity Insurance Group, Inc.’s Lock-Up Period Set To End Tomorrow (NYSE:AII)

American Integrity Insurance Group’s (NYSE:AII) lock-up period will end on Tuesday, November 4th. American Integrity Insurance Group had issued 6,875,000 shares in its initial public offering on May 8th. The total size of the offering was $110,000,000 based on an initial share price of $16.00. After the end of American Integrity Insurance Group’s lock-up period, company insiders and major shareholders will be able to sell their shares of the company.

Wall Street Analysts Forecast Growth

AII has been the subject of several recent research reports. Piper Sandler raised their price target on shares of American Integrity Insurance Group from $22.00 to $27.00 and gave the company an “overweight” rating in a research report on Monday, October 6th. Raymond James Financial reiterated an “outperform” rating and issued a $24.00 price objective (up from $22.00) on shares of American Integrity Insurance Group in a research note on Monday, September 22nd. Citigroup reissued an “outperform” rating on shares of American Integrity Insurance Group in a research note on Tuesday, October 14th. JMP Securities increased their price target on American Integrity Insurance Group from $23.00 to $26.00 and gave the company a “market outperform” rating in a research report on Tuesday, October 14th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of American Integrity Insurance Group in a research report on Wednesday, October 8th. Seven 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 company’s stock. Based on data from MarketBeat, American Integrity Insurance Group has a consensus rating of “Moderate Buy” and an average target price of $25.20.

American Integrity Insurance Group Price Performance

Shares of American Integrity Insurance Group stock opened at $23.85 on Monday. American Integrity Insurance Group has a 52 week low of $15.77 and a 52 week high of $24.72. The company has a 50 day moving average of $21.77. The stock has a market capitalization of $466.65 million and a price-to-earnings ratio of 6.29.

American Integrity Insurance Group (NYSE:AII) last issued its earnings results on Wednesday, September 3rd. The company reported $1.84 earnings per share (EPS) for the quarter. The company had revenue of $74.50 million during the quarter.

Institutional Trading of American Integrity Insurance Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. FNY Investment Advisers LLC purchased a new stake in shares of American Integrity Insurance Group in the 2nd quarter valued at about $45,000. Emerald Advisers LLC purchased a new position in American Integrity Insurance Group during the 2nd quarter worth approximately $653,000. Emerald Mutual Fund Advisers Trust acquired a new position in American Integrity Insurance Group during the second quarter worth approximately $4,037,000. Boston Partners purchased a new stake in American Integrity Insurance Group in the second quarter valued at approximately $4,790,000. Finally, Geode Capital Management LLC purchased a new stake in American Integrity Insurance Group in the second quarter valued at approximately $1,382,000.

About American Integrity Insurance Group

We are a profitable and growing insurance group headquartered in Tampa, Florida. Through our insurance carrier subsidiary, American Integrity Insurance Company of Florida, Inc (“AIICFL”), we provide personal residential property insurance for single-family homeowners and condominium owners as well as coverage for vacant dwellings and investment properties, predominantly in Florida.