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

Shares of American Integrity Insurance Group, Inc. (NYSE:AII) have earned a consensus recommendation of “Moderate Buy” from the six ratings firms that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $26.75.

Several research firms have recently weighed in on AII. Weiss Ratings raised American Integrity Insurance Group from a “sell (d-)” rating to a “sell (d)” rating in a research note on Monday, June 1st. Keefe, Bruyette & Woods reduced their target price on American Integrity Insurance Group from $28.00 to $27.00 and set an “outperform” rating for the company in a report on Tuesday, April 7th. Citigroup reiterated an “outperform” rating on shares of American Integrity Insurance Group in a research report on Wednesday, May 13th. 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.

American Integrity Insurance Group Trading Up 0.7%

AII stock traded up $0.14 on Tuesday, hitting $18.87. 25,697 shares of the company’s stock traded hands, compared to its average volume of 130,055. The stock has a market cap of $369.58 million, a price-to-earnings ratio of 4.31 and a beta of -0.14. American Integrity Insurance Group has a 1-year low of $16.19 and a 1-year high of $26.36. The stock has a fifty day moving average of $17.80 and a 200-day moving average of $18.72.

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

Insider Buying and Selling at American Integrity Insurance Group

In other news, Director Steven B. Mathis bought 3,000 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was bought at an average cost of $16.82 per share, for a total transaction of $50,460.00. Following the completion of the acquisition, the director directly owned 6,126 shares in the company, valued at $103,039.32. This represents a 95.97% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder James E. Sowell bought 79,497 shares of the company’s stock in a transaction dated 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 completion of the transaction, the insider owned 4,610,180 shares of the company’s stock, valued at $77,681,533. This represents a 1.75% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders bought 142,256 shares of company stock valued at $2,400,973. 16.40% of the stock is currently owned by corporate insiders.

Institutional Trading of American Integrity Insurance Group

A number of hedge funds have recently modified their holdings of AII. NewEdge Advisors LLC purchased a new position in shares of American Integrity Insurance Group during the fourth quarter valued at $33,000. New York State Common Retirement Fund purchased a new stake in American Integrity Insurance Group in the 4th quarter worth about $42,000. Police & Firemen s Retirement System of New Jersey lifted its stake in 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. JPMorgan Chase & Co. acquired a new stake in American Integrity Insurance Group during the 3rd quarter worth about $72,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in American Integrity Insurance Group during the 3rd quarter worth about $83,000.

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.