Analysts Set American Integrity Insurance Group, Inc. (NYSE:AII) Target Price at $26.50

American Integrity Insurance Group, Inc. (NYSE:AII) has been given a consensus recommendation of “Moderate Buy” by the seven ratings firms that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $26.50.

AII has been the topic of a number of recent analyst reports. Raymond James Financial set a $27.00 price target on shares of American Integrity Insurance Group in a research report on Thursday, August 20th. Zacks Research upgraded shares of American Integrity Insurance Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 17th. Weiss Ratings reiterated a “sell (d)” rating on shares of American Integrity Insurance Group in a report on Thursday, August 27th. Piper Sandler boosted their target price 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, Wall Street Zen upgraded shares of American Integrity Insurance Group from a “hold” rating to a “buy” rating in a report on Saturday, August 15th.

Insider Transactions at American Integrity Insurance Group

In related news, CEO Robert C. Ritchie sold 65,000 shares of the business’s stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $26.29, for a total transaction of $1,708,850.00. Following the completion of the transaction, the chief executive officer owned 1,963,536 shares of the company’s stock, valued at approximately $51,621,361.44. The trade was a 3.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder James E. Sowell bought 79,497 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The shares were acquired at an average price of $16.85 per share, with a total value of $1,339,524.45. Following the purchase, the insider owned 4,610,180 shares in the company, valued at $77,681,533. This trade 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 quarter, insiders bought 136,356 shares of company stock worth $2,301,242 and sold 465,424 shares worth $11,276,028. Insiders own 16.40% of the company’s stock.

Institutional Investors Weigh In On American Integrity Insurance Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC acquired a new position in American Integrity Insurance Group during the 2nd quarter valued at $1,382,000. XTX Topco Ltd acquired a new stake in American Integrity Insurance Group in the 2nd quarter worth $192,000. Marshall Wace LLP acquired a new stake in American Integrity Insurance Group in the 2nd quarter worth $2,123,000. Qube Research & Technologies Ltd bought a new position in shares of American Integrity Insurance Group during the 2nd quarter worth about $292,000. Finally, The Manufacturers Life Insurance Company bought a new position in shares of American Integrity Insurance Group during the 2nd quarter worth about $7,356,000.

American Integrity Insurance Group Stock Performance

AII opened at $25.47 on Wednesday. The company has a market cap of $498.96 million, a PE ratio of 5.66 and a beta of -0.09. The stock has a 50-day moving average of $21.09 and a 200-day moving average of $19.34. American Integrity Insurance Group has a 52-week low of $16.19 and a 52-week high of $27.00.

American Integrity Insurance Group (NYSE:AII) last issued its quarterly earnings data on Tuesday, August 11th. The company reported $1.78 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter. On average, research analysts predict that American Integrity Insurance Group will post 3.82 earnings per share for the current year.

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.