Key Points
- Director Steven Smathers bought 2,900 shares of American Integrity Insurance Group at an average price of $16.99, increasing his holdings to 177,827 shares.
- The company recently reported better-than-expected quarterly results, posting EPS of $1.03 versus the $0.94 consensus estimate on revenue of $90.93 million.
- Despite mixed sentiment, analysts still hold a Moderate Buy view overall, with a consensus price target of $26.75, while the stock recently traded near $16.75.
American Integrity Insurance Group, Inc. (NYSE:AII - Get Free Report) Director Steven Smathers acquired 2,900 shares of the company's stock in a transaction dated Friday, May 22nd. The shares were bought at an average cost of $16.99 per share, with a total value of $49,271.00. Following the purchase, the director owned 177,827 shares of the company's stock, valued at approximately $3,021,280.73. This trade represents a 1.66% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
American Integrity Insurance Group Stock Performance
NYSE:AII opened at $16.75 on Thursday. The firm has a market cap of $328.07 million and a PE ratio of 3.82. American Integrity Insurance Group, Inc. has a fifty-two week low of $15.77 and a fifty-two week high of $26.36. The business has a 50 day moving average price of $18.66 and a 200-day moving average price of $19.53.
American Integrity Insurance Group (NYSE:AII - Get Free Report) last released its quarterly earnings data on Tuesday, May 12th. The company reported $1.03 earnings per share for the quarter, beating analysts' consensus estimates of $0.94 by $0.09. The firm had revenue of $90.93 million during the quarter. American Integrity Insurance Group had a return on equity of 27.04% and a net margin of 27.56%. Research analysts predict that American Integrity Insurance Group, Inc. will post 2.73 EPS for the current year.
Institutional Trading of American Integrity Insurance Group
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Franklin Resources Inc. lifted its stake in American Integrity Insurance Group by 1,840.0% in the third quarter. Franklin Resources Inc. now owns 2,988,329 shares of the company's stock worth $66,670,000 after acquiring an additional 2,834,289 shares during the period. Wasatch Advisors LP lifted its stake in American Integrity Insurance Group by 38.6% in the first quarter. Wasatch Advisors LP now owns 1,192,192 shares of the company's stock worth $22,985,000 after acquiring an additional 331,766 shares during the period. Boston Partners lifted its stake in American Integrity Insurance Group by 9.3% in the fourth quarter. Boston Partners now owns 1,191,145 shares of the company's stock worth $24,809,000 after acquiring an additional 101,365 shares during the period. Mink Brook Asset Management LLC lifted its stake in American Integrity Insurance Group by 35.5% in the fourth quarter. Mink Brook Asset Management LLC now owns 648,405 shares of the company's stock worth $13,506,000 after acquiring an additional 169,932 shares during the period. Finally, Balyasny Asset Management L.P. purchased a new stake in American Integrity Insurance Group in the second quarter worth $10,409,000.
Analysts Set New Price Targets
A number of analysts have recently weighed in on the company. Citigroup reissued an "outperform" rating on shares of American Integrity Insurance Group in a research note on Wednesday, May 13th. Keefe, Bruyette & Woods dropped their price objective on 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. Weiss Ratings reissued a "sell (d-)" rating on shares of American Integrity Insurance Group in a research note on Monday, May 4th. Finally, Citizens Jmp dropped their price objective on American Integrity Insurance Group from $28.00 to $25.00 and set a "market outperform" rating for the company in a research note on Wednesday, May 13th. Six analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $26.75.
Read Our Latest Report on American Integrity Insurance Group
American Integrity Insurance Group Company Profile
(
Get Free Report)
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.
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