Wasatch Advisors LP Has $22.98 Million Stake in American Integrity Insurance Group, Inc. $AII

Wasatch Advisors LP grew its holdings in American Integrity Insurance Group, Inc. (NYSE:AII) by 38.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,192,192 shares of the company’s stock after acquiring an additional 331,766 shares during the quarter. Wasatch Advisors LP owned 0.06% of American Integrity Insurance Group worth $22,985,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. NewEdge Advisors LLC acquired a new position in shares of American Integrity Insurance Group in the 4th quarter valued at approximately $33,000. New York State Common Retirement Fund acquired a new stake in American Integrity Insurance Group during the 4th quarter worth approximately $42,000. Police & Firemen s Retirement System of New Jersey lifted its stake in American Integrity Insurance Group by 172.7% in the fourth quarter. Police & Firemen s Retirement System of New Jersey now owns 2,446 shares of the company’s stock valued at $51,000 after buying an additional 1,549 shares in the last quarter. JPMorgan Chase & Co. bought a new position in American Integrity Insurance Group in the third quarter valued at approximately $72,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of American Integrity Insurance Group in the third quarter valued at approximately $83,000.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on AII shares. Citigroup reissued an “outperform” rating on shares of American Integrity Insurance Group in a research report on Wednesday, May 13th. Keefe, Bruyette & Woods reduced their target price 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 upgraded American Integrity Insurance Group from a “sell (d-)” rating to a “sell (d)” rating in a report on Monday, June 1st. Finally, Citizens Jmp dropped 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 note on Wednesday, May 13th. Five research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, American Integrity Insurance Group currently has a consensus rating of “Moderate Buy” and an average target price of $26.75.

American Integrity Insurance Group Stock Up 4.8%

NYSE:AII opened at $18.55 on Friday. The company has a market cap of $363.49 million and a P/E ratio of 4.24. American Integrity Insurance Group, Inc. has a twelve month low of $16.19 and a twelve month high of $26.36. The business has a 50 day moving average price of $17.82 and a two-hundred day moving average price of $18.77.

American Integrity Insurance Group (NYSE:AII) last announced its earnings results on Tuesday, May 12th. The company reported $1.03 EPS 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, analysts anticipate that American Integrity Insurance Group, Inc. will post 2.73 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Steven B. Mathis purchased 3,000 shares of American Integrity Insurance Group stock in a transaction that occurred on Tuesday, May 26th. The stock was purchased at an average cost of $16.82 per share, with a total value of $50,460.00. Following the completion of the transaction, the director owned 6,126 shares of the company’s stock, valued at approximately $103,039.32. This trade represents a 95.97% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Steven E. Smathers purchased 2,900 shares of the firm’s stock in a transaction on Friday, May 22nd. The stock was bought at an average price of $16.99 per share, with a total value of $49,271.00. Following the completion of the purchase, the director owned 177,827 shares of the company’s stock, valued at approximately $3,021,280.73. This represents a 1.66% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders purchased 142,256 shares of company stock worth $2,400,973 in the last quarter. Corporate insiders own 16.40% of the company’s stock.

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.