American Integrity Insurance Group, Inc. (NYSE:AII) Stock Rated “Moderate Buy” by Sell-Side Analysts

American Integrity Insurance Group, Inc. (NYSE:AII) has earned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $29.00.

AII has been the subject of a number of recent research reports. Weiss Ratings reiterated a “sell (d)” rating on shares of American Integrity Insurance Group in a report on Thursday, August 27th. Raymond James Financial restated an “outperform” rating on shares of American Integrity Insurance Group in a report on Tuesday, October 6th. Zacks Research upgraded American Integrity Insurance Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 17th. Wall Street Zen raised shares of American Integrity Insurance Group from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. Finally, Citigroup reiterated an “outperform” rating on shares of American Integrity Insurance Group in a research report on Monday, October 12th.

American Integrity Insurance Group Stock Performance

AII stock opened at $27.81 on Monday. The firm has a fifty day moving average price of $27.09 and a 200 day moving average price of $21.33. American Integrity Insurance Group has a fifty-two week low of $16.19 and a fifty-two week high of $32.21. The firm has a market cap of $544.82 million, a PE ratio of 5.30 and a beta of -0.17.

American Integrity Insurance Group (NYSE:AII) last posted its earnings results on Tuesday, November 10th. The company reported $1.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.77. American Integrity Insurance Group had a net margin of 26.64% and a return on equity of 30.27%. The firm had revenue of $113.49 million for the quarter. On average, equities analysts predict that American Integrity Insurance Group will post 4.27 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Robert Ritchie sold 19,122 shares of the stock in a transaction dated Wednesday, November 11th. The shares were sold at an average price of $30.01, for a total value of $573,851.22. Following the sale, the chief executive officer directly owned 1,714,875 shares of the company’s stock, valued at $51,463,398.75. This represents a 1.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last 90 days, insiders have sold 436,736 shares of company stock valued at $11,637,154. Corporate insiders own 16.40% of the company’s stock.

Institutional Investors Weigh In On American Integrity Insurance Group

Several hedge funds and other institutional investors have recently modified their holdings of AII. GAMMA Investing LLC increased its stake in American Integrity Insurance Group by 9,544.4% in the 3rd quarter. GAMMA Investing LLC now owns 1,736 shares of the company’s stock worth $43,000 after buying an additional 1,718 shares during the period. NewEdge Advisors LLC boosted its position in American Integrity Insurance Group by 156.2% in the 1st quarter. NewEdge Advisors LLC now owns 4,100 shares of the company’s stock valued at $79,000 after buying an additional 2,500 shares during the period. State of Wyoming bought a new position in American Integrity Insurance Group in the 1st quarter worth about $134,000. Deutsche Bank AG bought a new position in American Integrity Insurance Group in the 2nd quarter worth about $199,000. Finally, PDT Partners LLC purchased a new position in shares of American Integrity Insurance Group during the second quarter worth approximately $216,000.

American Integrity Insurance Group Company Profile

American Integrity Insurance Group, Inc. is a property and casualty insurance holding company focused primarily on the Florida residential market. Its insurance products include coverage for homeowners, condominium unit owners, renters, manufactured homes and rental properties. The company was founded in 2006 and is headquartered in Tampa, Florida. It serves customers through independent insurance agents and operates through its insurance subsidiaries, including American Integrity Insurance Company of Florida.