American Integrity Insurance Group, Inc. (NYSE:AII) Stock Has Average Price Target of $28.25

American Integrity Insurance Group, Inc. (NYSE:AII) has been assigned an average rating of “Moderate Buy” from the seven brokerages that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $28.25.

A number of equities analysts have weighed in on the stock. Weiss Ratings restated a “sell (d)” rating on shares of American Integrity Insurance Group in a research report on Thursday, August 27th. Wall Street Zen raised shares of American Integrity Insurance Group from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. Citizens Jmp boosted their target price on shares of American Integrity Insurance Group from $26.00 to $29.00 and gave the stock a “market outperform” rating in a research note on Monday, October 12th. Piper Sandler upped their price target on shares of American Integrity Insurance Group from $23.00 to $26.00 and gave the stock an “overweight” rating in a research report on Thursday, August 13th. Finally, Zacks Research raised shares of American Integrity Insurance Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 17th.

Insider Buying and Selling at American Integrity Insurance Group

In other news, CEO Robert Ritchie sold 69,727 shares of American Integrity Insurance Group stock in a transaction that occurred on Monday, October 12th. The stock was sold at an average price of $27.12, for a total value of $1,890,996.24. Following the sale, the chief executive officer directly owned 1,811,133 shares of the company’s stock, valued at $49,117,926.96. The trade was a 3.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold a total of 505,874 shares of company stock valued at $13,128,844 in the last quarter. Company insiders own 16.40% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AII. Russell Investments Group Ltd. lifted its stake in American Integrity Insurance Group by 39.4% in the 3rd quarter. Russell Investments Group Ltd. now owns 455,804 shares of the company’s stock worth $11,391,000 after purchasing an additional 128,920 shares in the last quarter. R Squared Ltd grew its position in shares of American Integrity Insurance Group by 5.6% in the third quarter. R Squared Ltd now owns 23,642 shares of the company’s stock valued at $591,000 after purchasing an additional 1,254 shares in the last quarter. Inspire Investing LLC purchased a new stake in shares of American Integrity Insurance Group in the third quarter valued at approximately $2,322,000. GAMMA Investing LLC grew its position in shares of American Integrity Insurance Group by 9,544.4% in the third quarter. GAMMA Investing LLC now owns 1,736 shares of the company’s stock valued at $43,000 after purchasing an additional 1,718 shares in the last quarter. Finally, Hsbc Holdings PLC increased its holdings in shares of American Integrity Insurance Group by 88.5% in the second quarter. Hsbc Holdings PLC now owns 22,949 shares of the company’s stock valued at $439,000 after purchasing an additional 10,775 shares during the last quarter.

American Integrity Insurance Group Trading Up 0.2%

Shares of AII stock opened at $27.00 on Monday. American Integrity Insurance Group has a 12-month low of $16.19 and a 12-month high of $30.00. The business’s 50 day moving average is $26.85 and its two-hundred day moving average is $21.09. The company has a market capitalization of $529.12 million, a P/E ratio of 6.00 and a beta of -0.17.

American Integrity Insurance Group (NYSE:AII) last announced its earnings results on Tuesday, August 11th. The company reported $1.78 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.97. American Integrity Insurance Group had a return on equity of 26.74% and a net margin of 26.20%. The business had revenue of $115.17 million during the quarter. On average, research analysts predict that American Integrity Insurance Group will post 4.02 earnings per share for the current fiscal year.

About American Integrity Insurance Group

American Integrity Insurance Group, Inc is an insurance holding company focused on personal residential property insurance. Through its insurance subsidiaries, the company provides coverage designed to protect homeowners and other residential property owners from risks such as wind, fire, water damage and other covered losses.

The company’s product offerings include homeowners insurance, condominium unit-owner insurance, renters insurance and coverage for residential properties used as rental or investment homes.