American Integrity Insurance Group, Inc. (NYSE:AII) Sees Significant Increase in Short Interest

American Integrity Insurance Group, Inc. (NYSE:AII) was the recipient of a large increase in short interest during the month of March. As of March 31st, there was short interest totaling 230,451 shares, an increase of 95.3% from the March 15th total of 118,026 shares. Currently, 1.2% of the company’s stock are sold short. Based on an average daily trading volume, of 170,645 shares, the short-interest ratio is currently 1.4 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Pacific Ridge Capital Partners LLC boosted its holdings in American Integrity Insurance Group by 27.3% in the 3rd quarter. Pacific Ridge Capital Partners LLC now owns 250,253 shares of the company’s stock worth $5,583,000 after buying an additional 53,713 shares during the period. Mink Brook Asset Management LLC boosted its holdings in American Integrity Insurance Group by 12.2% in the 3rd quarter. Mink Brook Asset Management LLC now owns 478,473 shares of the company’s stock worth $10,675,000 after buying an additional 51,933 shares during the period. Strs Ohio bought a new position in American Integrity Insurance Group in the 3rd quarter worth approximately $33,000. Rakuten Investment Management Inc. bought a new position in American Integrity Insurance Group in the 3rd quarter worth approximately $277,000. Finally, Osaic Holdings Inc. boosted its holdings in American Integrity Insurance Group by 64.5% in the 4th quarter. Osaic Holdings Inc. now owns 6,580 shares of the company’s stock worth $137,000 after buying an additional 2,580 shares during the period.

Analyst Ratings Changes

Several research firms have commented on AII. Keefe, Bruyette & Woods decreased their price objective on shares of 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. Raymond James Financial set a $28.00 target price on shares of American Integrity Insurance Group in a research report on Friday, January 16th. Weiss Ratings reissued a “sell (e+)” rating on shares of American Integrity Insurance Group in a research report on Wednesday, January 21st. Finally, Citigroup reissued a “market outperform” rating on shares of American Integrity Insurance Group in a research report on Friday, January 16th. Six research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $27.50.

American Integrity Insurance Group Price Performance

Shares of American Integrity Insurance Group stock traded up $0.01 on Tuesday, reaching $18.56. 57,291 shares of the company traded hands, compared to its average volume of 128,629. American Integrity Insurance Group has a 52 week low of $15.77 and a 52 week high of $26.36. The company has a 50 day moving average of $18.91 and a 200 day moving average of $20.53. The firm has a market capitalization of $363.40 million and a PE ratio of 3.50.

American Integrity Insurance Group (NYSE:AII) last released its earnings results on Tuesday, February 24th. The company reported $1.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.32. The firm had revenue of $68.07 million during the quarter. American Integrity Insurance Group had a net margin of 36.03% and a return on equity of 36.87%.

American Integrity Insurance Group Dividend Announcement

The firm also recently disclosed a special dividend, which was paid on Monday, March 30th. Investors of record on Monday, March 16th were issued a $1.02 dividend. The ex-dividend date of this dividend was Monday, March 16th.

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.