American Integrity Insurance Group, Inc. (NYSE:AII) Shares Shorted: Short Interest Up 100.9% in September

by · The Cerbat Gem

American Integrity Insurance Group, Inc. (NYSE:AII – Get Free Report) was the recipient of a significant 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. Currently, 2.8% of the company’s stock are short sold. Based on an average daily volume of 222,526 shares, the days-to-cover ratio is presently 2.1 days.

American Integrity Insurance Group Trading Up 0.4%

AII stock opened at $27.66 on Friday. The company has a market capitalization of $541.86 million, a P/E ratio of 5.95 and a beta of 0.02. American Integrity Insurance Group has a twelve month low of $16.19 and a twelve month high of $28.25. The business has a 50 day simple moving average of $25.51 and a 200-day simple moving average of $20.93.

American Integrity Insurance Group (NYSE:AII – Get Free Report) last announced its earnings results on Tuesday, August 11th. The company reported $1.78 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.97. American Integrity Insurance Group had a net margin of 26.20% and a return on equity of 26.74%. The business had revenue of $115.17 million for the quarter. Research analysts predict that American Integrity Insurance Group will post 4.02 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Robert Ritchie sold 26,436 shares of the company’s stock in a transaction that occurred on Wednesday, October 14th. The stock was sold at an average price of $27.23, for a total value of $719,852.28. Following the completion of the transaction, the chief executive officer directly owned 1,733,997 shares of the company’s stock, valued at $47,216,738.31. This represents a 1.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold a total of 624,598 shares of company stock worth $15,599,210 in the last three months. 16.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. BlackRock Inc. purchased a new stake in shares of American Integrity Insurance Group in the second quarter valued at about $16,723,000. Freestone Grove Partners LP acquired a new position in American Integrity Insurance Group in the 2nd quarter valued at about $9,251,000. Wasatch Advisors LP increased its position in American Integrity Insurance Group by 38.6% in the 1st quarter. Wasatch Advisors LP now owns 1,192,192 shares of the company’s stock valued at $22,985,000 after acquiring an additional 331,766 shares during the period. Bank of America Corp DE purchased a new stake in American Integrity Insurance Group during the 2nd quarter valued at approximately $3,942,000. Finally, Algert Global LLC purchased a new stake in American Integrity Insurance Group during the 2nd quarter valued at approximately $2,925,000.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Piper Sandler boosted their price objective 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. Citizens Jmp upped their target price on shares of American Integrity Insurance Group from $26.00 to $29.00 and gave the company a “market outperform” rating in a report on Monday. Weiss Ratings reaffirmed a “sell (d)” rating on shares of American Integrity Insurance Group in a research report on Thursday, August 27th. Citigroup reiterated an “outperform” rating on shares of American Integrity Insurance Group in a research note on Monday. Finally, 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. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $28.25.

View Our Latest Analysis on AII

About American Integrity Insurance Group

(Get Free Report)

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.

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