American Integrity Insurance Group (NYSE:AII) Director Steven Smathers Buys 2,900 Shares

American Integrity Insurance Group, Inc. (NYSE:AII) Director Steven Smathers acquired 2,900 shares of American Integrity Insurance Group stock in a transaction dated Friday, May 22nd. The shares were purchased at an average price of $16.99 per share, with a total value of $49,271.00. Following the acquisition, the director owned 177,827 shares of the company’s stock, valued at approximately $3,021,280.73. This trade represents a 1.66% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

American Integrity Insurance Group Trading Up 0.6%

Shares of NYSE:AII traded up $0.10 during trading on Wednesday, reaching $16.75. 106,223 shares of the stock were exchanged, compared to its average volume of 123,192. American Integrity Insurance Group, Inc. has a 12 month low of $15.77 and a 12 month high of $26.36. The firm has a market cap of $328.09 million and a PE ratio of 3.82. The stock has a 50-day moving average price of $18.70 and a 200-day moving average price of $19.59.

American Integrity Insurance Group (NYSE:AII) last issued its quarterly earnings results on Tuesday, May 12th. The company reported $1.03 earnings per share (EPS) for the quarter, beating 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 return on equity of 27.04% and a net margin of 27.56%. On average, sell-side analysts expect that American Integrity Insurance Group, Inc. will post 2.73 earnings per share for the current fiscal year.

Institutional Investors Weigh In On American Integrity Insurance Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE lifted its stake in American Integrity Insurance Group by 0.8% during the first quarter. Bank of America Corp DE now owns 293,443 shares of the company’s stock worth $5,658,000 after purchasing an additional 2,193 shares during the last quarter. Lazard Asset Management LLC bought a new stake in American Integrity Insurance Group during the first quarter worth $443,000. State of Wyoming bought a new stake in American Integrity Insurance Group during the first quarter worth $134,000. Bank of New York Mellon Corp lifted its stake in American Integrity Insurance Group by 13.3% during the first quarter. Bank of New York Mellon Corp now owns 41,862 shares of the company’s stock worth $807,000 after purchasing an additional 4,901 shares during the last quarter. Finally, Emerald Advisers LLC lifted its stake in American Integrity Insurance Group by 23.7% during the first quarter. Emerald Advisers LLC now owns 39,127 shares of the company’s stock worth $754,000 after purchasing an additional 7,506 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on AII. Citizens Jmp cut their price target on American Integrity Insurance Group from $28.00 to $25.00 and set a “market outperform” rating for the company in a research note on Wednesday, May 13th. Keefe, Bruyette & Woods cut their price target 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. Weiss Ratings reiterated a “sell (d-)” rating on shares of American Integrity Insurance Group in a research note on Monday, May 4th. Finally, Citigroup restated an “outperform” rating on shares of American Integrity Insurance Group in a research report on Wednesday, May 13th. Six investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $26.75.

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.