American Integrity Insurance Group, Inc. (NYSE:AII) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of American Integrity Insurance Group, Inc. (NYSE:AII) have been assigned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and six have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $26.75.

A number of equities analysts have weighed in on the company. Citizens Jmp lowered their price target on American Integrity Insurance Group from $28.00 to $25.00 and set a “market outperform” rating on the stock in a research report on Wednesday, May 13th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of American Integrity Insurance Group in a research report on Monday, May 4th. Citigroup reiterated an “outperform” rating on shares of American Integrity Insurance Group in a research note on Wednesday. Finally, Keefe, Bruyette & Woods cut their target price on 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.

American Integrity Insurance Group Stock Performance

NYSE:AII opened at $17.07 on Monday. The stock’s 50-day simple moving average is $19.05 and its 200 day simple moving average is $19.93. The company has a market cap of $334.17 million and a P/E ratio of 3.90. American Integrity Insurance Group has a 52-week low of $15.77 and a 52-week high of $26.36.

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

American Integrity Insurance Group Dividend Announcement

The firm also recently announced a special dividend, which was paid on Monday, March 30th. Shareholders of record on Monday, March 16th were paid a dividend of $1.02 per share. The ex-dividend date was Monday, March 16th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC boosted its position in American Integrity Insurance Group by 6.6% during the 4th quarter. SG Americas Securities LLC now owns 12,929 shares of the company’s stock worth $269,000 after buying an additional 796 shares during the period. Strs Ohio bought a new position in shares of American Integrity Insurance Group in the 3rd quarter worth about $33,000. Police & Firemen s Retirement System of New Jersey raised its position in shares of American Integrity Insurance Group by 172.7% in the 4th quarter. Police & Firemen s Retirement System of New Jersey now owns 2,446 shares of the company’s stock worth $51,000 after acquiring an additional 1,549 shares in the last quarter. NewEdge Advisors LLC bought a new position in shares of American Integrity Insurance Group in the 4th quarter worth about $33,000. Finally, New York State Common Retirement Fund acquired a new stake in shares of American Integrity Insurance Group in the 4th quarter valued at about $42,000.

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.