American Integrity Insurance Group (NYSE:AII) Sets New 12-Month High – Here’s Why

Shares of American Integrity Insurance Group, Inc. (NYSE:AII) reached a new 52-week high during mid-day trading on Friday. The stock traded as high as $27.00 and last traded at $27.1760, with a volume of 2598 shares traded. The stock had previously closed at $26.97.

Analyst Ratings Changes

Several brokerages have recently commented on AII. 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. Citigroup restated an “outperform” rating on shares of American Integrity Insurance Group in a report on Wednesday, August 12th. Zacks Research upgraded American Integrity Insurance Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 17th. Citizens Jmp raised their price objective on American Integrity Insurance Group from $25.00 to $26.00 and gave the stock a “market outperform” rating in a report on Wednesday, August 12th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of American Integrity Insurance Group in a report on Thursday, August 27th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $26.50.

American Integrity Insurance Group Stock Down 0.5%

The stock has a market cap of $525.83 million, a PE ratio of 5.96 and a beta of 0.02. The business’s fifty day moving average is $24.86 and its 200 day moving average is $20.64.

American Integrity Insurance Group (NYSE:AII) last issued its quarterly earnings data on Tuesday, August 11th. The company reported $1.78 earnings per share (EPS) 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 firm had revenue of $115.17 million during the quarter. As a group, analysts predict that American Integrity Insurance Group, Inc. will post 3.82 EPS for the current year.

Insider Buying and Selling

In other American Integrity Insurance Group news, CEO Robert Ritchie sold 9,174 shares of the firm’s stock in a transaction on Monday, August 31st. The stock was sold at an average price of $25.92, for a total transaction of $237,790.08. Following the completion of the transaction, the chief executive officer owned 1,883,997 shares of the company’s stock, valued at approximately $48,833,202.24. This trade represents a 0.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In the last 90 days, insiders sold 474,598 shares of company stock worth $11,513,818. 16.40% of the stock is currently owned by corporate insiders.

Institutional Trading of American Integrity Insurance Group

A number of hedge funds have recently bought and sold shares of AII. GAMMA Investing LLC raised its stake in American Integrity Insurance Group by 9,544.4% during the third quarter. GAMMA Investing LLC now owns 1,736 shares of the company’s stock worth $43,000 after purchasing an additional 1,718 shares during the period. Bank of America Corp DE grew its stake in shares of American Integrity Insurance Group by 0.8% in the first quarter. Bank of America Corp DE now owns 293,443 shares of the company’s stock valued at $5,658,000 after buying an additional 2,193 shares in the last quarter. NewEdge Advisors LLC raised its stake in shares of American Integrity Insurance Group by 156.2% during the first quarter. NewEdge Advisors LLC now owns 4,100 shares of the company’s stock valued at $79,000 after purchasing an additional 2,500 shares during the period. Bank of New York Mellon Corp boosted its position in American Integrity Insurance Group by 13.3% in the 1st quarter. Bank of New York Mellon Corp now owns 41,862 shares of the company’s stock valued at $807,000 after buying an additional 4,901 shares during the last quarter. Finally, State of Wyoming acquired a new stake in American Integrity Insurance Group during the 1st quarter valued at approximately $134,000.

American Integrity Insurance Group Company Profile

American Integrity Insurance Group, Inc is an insurance company focused on residential property coverage in catastrophe-exposed markets. Through its insurance subsidiaries, the company primarily serves homeowners and other residential policyholders, with an emphasis on providing protection against risks such as wind, hurricanes and other property-related losses.

Its product offerings include homeowners insurance and related personal-lines products for owner-occupied residences, condominium unit owners, renters and other residential properties.