American Integrity Insurance Group, Inc.’s (NYSE:AII) Quiet Period Set To Expire Tomorrow

American Integrity Insurance Group’s (NYSE:AII) quiet period will end on Tuesday, June 17th. American Integrity Insurance Group had issued 6,875,000 shares in its public offering on May 8th. The total size of the offering was $110,000,000 based on an initial share price of $16.00. During American Integrity Insurance Group’s quiet period, underwriters and any insiders involved in the IPO are restricted from issuing any research reports or earnings estimates for the company because of regulations issued by the Securities and Exchange Commission. Following the end of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. William Blair assumed coverage on shares of American Integrity Insurance Group in a research note on Friday, June 6th. They set an “outperform” rating on the stock. Raymond James initiated coverage on American Integrity Insurance Group in a report on Monday, June 2nd. They issued an “outperform” rating and a $20.00 price objective for the company. Citizens Jmp assumed coverage on American Integrity Insurance Group in a report on Monday, June 2nd. They set an “outperform” rating and a $23.00 price target for the company. Keefe, Bruyette & Woods initiated coverage on American Integrity Insurance Group in a report on Monday, June 2nd. They set an “outperform” rating for the company. Finally, JMP Securities set a $23.00 price objective on American Integrity Insurance Group and gave the stock an “outperform” rating in a research report on Monday, June 2nd. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $21.50.

American Integrity Insurance Group Price Performance

Shares of AII stock opened at $16.44 on Monday. American Integrity Insurance Group has a fifty-two week low of $15.77 and a fifty-two week high of $19.45.

American Integrity Insurance Group (NYSE:AII) last posted its quarterly earnings data on Monday, June 9th. The company reported $292.05 EPS for the quarter, beating analysts’ consensus estimates of $1.92 by $290.13. The company had revenue of $71.87 million for the quarter, compared to analyst estimates of $71.89 million.

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.