Renaissance Technologies LLC Decreases Position in American Integrity Insurance Group, Inc. $AII

Renaissance Technologies LLC decreased its position in American Integrity Insurance Group, Inc. (NYSE:AII) by 26.2% during the 1st quarter, Holdings Channel reports. The firm owned 136,800 shares of the company’s stock after selling 48,600 shares during the quarter. Renaissance Technologies LLC’s holdings in American Integrity Insurance Group were worth $2,638,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. NewEdge Advisors LLC acquired a new position in shares of American Integrity Insurance Group during the 4th quarter worth $33,000. New York State Common Retirement Fund purchased a new stake in shares of American Integrity Insurance Group in the 4th quarter worth about $42,000. Police & Firemen s Retirement System of New Jersey grew 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 valued at $51,000 after acquiring an additional 1,549 shares during the last quarter. JPMorgan Chase & Co. acquired a new stake in American Integrity Insurance Group in the 3rd quarter valued at about $72,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in American Integrity Insurance Group during the 3rd quarter valued at about $83,000.

American Integrity Insurance Group Stock Performance

Shares of AII opened at $20.91 on Monday. The stock has a fifty day moving average of $18.45 and a two-hundred day moving average of $18.60. The company has a market capitalization of $409.53 million, a PE ratio of 4.77 and a beta of -0.20. American Integrity Insurance Group, Inc. has a fifty-two week low of $16.19 and a fifty-two week high of $26.36.

American Integrity Insurance Group (NYSE:AII) last posted its quarterly earnings data 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. The business had revenue of $90.93 million for the quarter. American Integrity Insurance Group had a return on equity of 27.04% and a net margin of 27.56%. As a group, equities research analysts forecast that American Integrity Insurance Group, Inc. will post 2.73 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other American Integrity Insurance Group news, Director Steven B. Mathis bought 3,000 shares of American Integrity Insurance Group stock in a transaction that occurred on Tuesday, May 26th. The shares were purchased at an average cost of $16.82 per share, for a total transaction of $50,460.00. Following the completion of the transaction, the director owned 6,126 shares of the company’s stock, valued at $103,039.32. This represents a 95.97% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder James E. Sowell purchased 79,497 shares of the firm’s stock in a transaction on Tuesday, June 9th. The stock was acquired at an average cost of $16.85 per share, for a total transaction of $1,339,524.45. Following the completion of the purchase, the insider owned 4,610,180 shares in the company, valued at $77,681,533. The trade was a 1.75% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders have bought 142,256 shares of company stock valued at $2,400,973. 16.40% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Piper Sandler lifted their target price on shares of American Integrity Insurance Group from $20.00 to $23.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 15th. Citizens Jmp dropped their price objective on shares of 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. Citigroup restated an “outperform” rating on shares of American Integrity Insurance Group in a research report on Wednesday, May 13th. Finally, 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. Five research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, American Integrity Insurance Group currently has an average rating of “Moderate Buy” and an average price target of $25.75.

About American Integrity Insurance Group

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.