American Integrity Insurance Group (NYSE:AII) Hits New 12-Month High – Still a Buy?

American Integrity Insurance Group, Inc. (NYSE:AII)’s stock price reached a new 52-week high during trading on Tuesday. The stock traded as high as $29.87 and last traded at $29.4510, with a volume of 10,156 shares changing hands. The stock had previously closed at $29.50.

Analyst Upgrades and Downgrades

AII has been the topic of several analyst reports. Zacks Research raised American Integrity Insurance Group from a “hold” rating to a “strong-buy” rating in a report on Monday, August 17th. Weiss Ratings restated a “sell (d)” rating on shares of American Integrity Insurance Group in a research report on Thursday, August 27th. Piper Sandler upped their price objective on 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. Citigroup reaffirmed an “outperform” rating on shares of American Integrity Insurance Group in a report on Monday, October 12th. Finally, Raymond James Financial reiterated an “outperform” rating on shares of American Integrity Insurance Group in a research note on Tuesday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, American Integrity Insurance Group has a consensus rating of “Moderate Buy” and a consensus target price of $28.25.

American Integrity Insurance Group Trading Down 0.3%

The firm has a fifty day moving average price of $26.83 and a 200 day moving average price of $21.01. The firm has a market cap of $574.99 million, a PE ratio of 6.54 and a beta of -0.17.

American Integrity Insurance Group (NYSE:AII) last released 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. The firm had revenue of $115.17 million during the quarter. American Integrity Insurance Group had a net margin of 26.20% and a return on equity of 26.74%. As a group, equities analysts predict that American Integrity Insurance Group, Inc. will post 4.02 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Robert Ritchie sold 69,727 shares of American Integrity Insurance Group stock in a transaction that occurred on Monday, October 12th. The shares were sold at an average price of $27.12, for a total value of $1,890,996.24. Following the completion of the sale, the chief executive officer owned 1,811,133 shares in the company, valued at approximately $49,117,926.96. This trade represents a 3.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold a total of 524,633 shares of company stock worth $13,521,289 over the last ninety days. Company insiders own 16.40% of the company’s stock.

Institutional Trading of American Integrity Insurance Group

Several hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC grew its position in 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 worth $43,000 after purchasing an additional 1,718 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in shares of American Integrity Insurance Group by 156.2% in 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 in the last quarter. State of Wyoming acquired a new stake in shares of American Integrity Insurance Group in the first quarter worth $134,000. Deutsche Bank AG purchased a new position in shares of American Integrity Insurance Group during the second quarter valued at $199,000. Finally, PDT Partners LLC purchased a new position in shares of American Integrity Insurance Group during the second quarter valued at $216,000.

American Integrity Insurance Group Company Profile

American Integrity Insurance Group, Inc is an insurance holding company focused on personal residential property insurance. Through its insurance subsidiaries, the company provides coverage designed to protect homeowners and other residential property owners from risks such as wind, fire, water damage and other covered losses.

The company’s product offerings include homeowners insurance, condominium unit-owner insurance, renters insurance and coverage for residential properties used as rental or investment homes.