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

American Integrity Insurance Group, Inc. (NYSE:AII) saw a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 460,154 shares, an increase of 100.9% from the September 15th total of 229,025 shares. Approximately 2.8% of the company’s stock are short sold. Based on an average daily trading volume, of 222,526 shares, the days-to-cover ratio is currently 2.1 days.

American Integrity Insurance Group Stock Down 1.1%

NYSE:AII traded down $0.31 during trading hours on Wednesday, reaching $27.18. 55,334 shares of the stock were exchanged, compared to its average volume of 145,087. The stock has a market capitalization of $532.46 million, a P/E ratio of 6.04 and a beta of 0.02. The firm has a 50 day simple moving average of $25.25 and a 200-day simple moving average of $20.80. American Integrity Insurance Group has a 52 week low of $16.19 and a 52 week high of $27.86.

American Integrity Insurance Group (NYSE:AII) last issued its quarterly earnings results 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 during the quarter. As a group, analysts expect that American Integrity Insurance Group will post 3.82 earnings per share for the current year.

More American Integrity Insurance Group News

Here are the key news stories impacting American Integrity Insurance Group this week:

• Positive Sentiment: Zacks added AII to its Rank #1 “Strong Buy” value-stock list for October 14. The designation highlights the stock’s low valuation and recent operating performance, including a trailing P/E ratio of approximately 6.1. Best Value Stocks to Buy for October 14th
• Positive Sentiment: Analyst price-target increases continue to support AII. Citizens JMP raised its target from $26 to $29 and maintained a “market outperform” rating, while Keefe, Bruyette & Woods reportedly lifted its target from $29 to $31 and kept an “outperform” rating. The revisions suggest analysts see additional upside after the stock’s recent advance. American Integrity Insurance Group Stock Price Expected to Rise Keefe, Bruyette & Woods Issues Positive Forecast for American Integrity Insurance Group
• Neutral Sentiment: The company’s prior quarterly results provide fundamental support: earnings of $1.78 per share exceeded the $0.81 consensus estimate, while revenue reached $115.17 million. However, the stock is already close to its 52-week high, increasing the market’s sensitivity to disappointing results.
• Negative Sentiment: CEO Robert Ritchie sold a combined 123,564 shares in transactions dated October 9–13 for approximately $3.37 million. The sales reduced his direct position by roughly 6.7%; although he still owns about 1.76 million shares, the concentrated selling could raise concerns about insider confidence or profit-taking at elevated prices. American Integrity Insurance Group CEO Insider Transactions

Wall Street Analyst Weigh In

Several brokerages have weighed in on AII. Keefe, Bruyette & Woods raised their price objective on shares of American Integrity Insurance Group from $29.00 to $31.00 and gave the stock an “outperform” rating in a report on Monday. Citigroup reissued an “outperform” rating on shares of American Integrity Insurance Group in a research report on Monday. Wall Street Zen upgraded shares of American Integrity Insurance Group from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. Zacks Research raised shares of American Integrity Insurance Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 17th. Finally, Piper Sandler increased their price target 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. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, American Integrity Insurance Group has a consensus rating of “Moderate Buy” and an average target price of $28.25.

Insider Buying and Selling at American Integrity Insurance Group

In other news, CEO Robert Ritchie sold 50,700 shares of the firm’s stock in a transaction that occurred on Tuesday, October 13th. The shares were sold at an average price of $27.41, for a total transaction of $1,389,687.00. Following the completion of the sale, the chief executive officer owned 1,760,433 shares of the company’s stock, valued at approximately $48,253,468.53. This trade represents a 2.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold a total of 598,162 shares of company stock worth $14,879,357 over the last three months. 16.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On American Integrity Insurance Group

A number of hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC grew its position in shares of American Integrity Insurance Group by 9,544.4% during the 3rd quarter. GAMMA Investing LLC now owns 1,736 shares of the company’s stock valued at $43,000 after buying an additional 1,718 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in American Integrity Insurance Group by 156.2% in the first quarter. NewEdge Advisors LLC now owns 4,100 shares of the company’s stock worth $79,000 after acquiring an additional 2,500 shares during the last quarter. State of Wyoming bought a new position in American Integrity Insurance Group in the first quarter worth about $134,000. Deutsche Bank AG bought a new position in American Integrity Insurance Group in the second quarter worth about $199,000. Finally, PDT Partners LLC acquired a new position in American Integrity Insurance Group in the second quarter valued at approximately $216,000.

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.