American Integrity Insurance Group (NYSE:AII) Price Target Raised to $29.00

American Integrity Insurance Group (NYSE:AII) had its price objective raised by Keefe, Bruyette & Woods from $26.00 to $29.00 in a report issued on Tuesday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ price objective would indicate a potential upside of 22.67% from the company’s current price.

A number of other research analysts have also weighed in on AII. Piper Sandler raised their target price on American Integrity Insurance Group from $22.00 to $27.00 and gave the company an “overweight” rating in a report on Monday, October 6th. Citizens Jmp lifted their price target on American Integrity Insurance Group from $26.00 to $28.00 and gave the company a “market outperform” rating in a research report on Monday. Citigroup reissued an “outperform” rating on shares of American Integrity Insurance Group in a research note on Tuesday, October 14th. Weiss Ratings reiterated a “sell (e+)” rating on shares of American Integrity Insurance Group in a report on Wednesday, October 8th. Finally, Raymond James Financial reiterated an “outperform” rating and set a $24.00 price target (up previously from $22.00) on shares of American Integrity Insurance Group in a research report on Monday, September 22nd. Seven equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $26.80.

American Integrity Insurance Group Price Performance

AII traded down $0.51 during midday trading on Tuesday, hitting $23.64. 40,158 shares of the company were exchanged, compared to its average volume of 125,351. The business has a 50 day moving average price of $22.88. The firm has a market capitalization of $462.87 million and a price-to-earnings ratio of 6.24. American Integrity Insurance Group has a 1-year low of $15.77 and a 1-year high of $26.36.

American Integrity Insurance Group (NYSE:AII) last announced its earnings results on Wednesday, November 12th. The company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.61 by $0.10. The company had revenue of $62.03 million for the quarter. American Integrity Insurance Group had a return on equity of 37.99% and a net margin of 31.63%.

Hedge Funds Weigh In On American Integrity Insurance Group

A number of large investors have recently bought and sold shares of the business. Emerald Advisers LLC purchased a new position in American Integrity Insurance Group in the 2nd quarter worth about $653,000. Boston Partners purchased a new stake in shares of American Integrity Insurance Group during the second quarter valued at $4,790,000. Emerald Mutual Fund Advisers Trust acquired a new position in American Integrity Insurance Group in the second quarter valued at approximately $4,037,000. FNY Investment Advisers LLC acquired a new stake in American Integrity Insurance Group during the second quarter valued at $45,000. Finally, Man Group plc purchased a new position in shares of American Integrity Insurance Group in the 2nd quarter valued at about $400,000.

American Integrity Insurance Group Company Profile

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.