American Integrity Insurance Group, Inc. (NYSE:AII) Short Interest Update

by · The Cerbat Gem

American Integrity Insurance Group, Inc. (NYSE:AIIGet Free Report) was the recipient of a significant increase in short interest in March. As of March 31st, there was short interest totaling 230,451 shares, an increase of 95.3% from the March 15th total of 118,026 shares. Currently, 1.2% of the company’s stock are short sold. Based on an average daily volume of 170,645 shares, the short-interest ratio is presently 1.4 days.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on AII. Keefe, Bruyette & Woods lowered their target price on shares of 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 restated a “sell (e+)” rating on shares of American Integrity Insurance Group in a research note on Wednesday, January 21st. Citigroup restated a “market outperform” rating on shares of American Integrity Insurance Group in a research note on Friday, January 16th. Finally, Raymond James Financial set a $28.00 price objective on shares of American Integrity Insurance Group in a research note on Friday, January 16th. Six analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, American Integrity Insurance Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $27.50.

Check Out Our Latest Analysis on American Integrity Insurance Group

American Integrity Insurance Group Price Performance

NYSE AII opened at $18.56 on Wednesday. American Integrity Insurance Group has a 1 year low of $15.77 and a 1 year high of $26.36. The company has a market capitalization of $363.40 million and a PE ratio of 3.50. The company has a fifty day moving average of $18.91 and a two-hundred day moving average of $20.53.

American Integrity Insurance Group (NYSE:AIIGet Free Report) last released its quarterly earnings data on Tuesday, February 24th. The company reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.32. American Integrity Insurance Group had a net margin of 36.03% and a return on equity of 36.87%. The company had revenue of $68.07 million during the quarter.

American Integrity Insurance Group Announces Dividend

The firm also recently announced a special dividend, which was paid on Monday, March 30th. Stockholders of record on Monday, March 16th were issued a $1.02 dividend. The ex-dividend date of this dividend was Monday, March 16th.

Institutional Investors Weigh In On American Integrity Insurance Group

Institutional investors and hedge funds have recently made changes to their positions in the business. Strs Ohio purchased a new stake in shares of American Integrity Insurance Group in the third quarter valued at about $33,000. NewEdge Advisors LLC purchased a new stake in shares of American Integrity Insurance Group in the fourth quarter valued at about $33,000. New York State Common Retirement Fund purchased a new stake in shares of American Integrity Insurance Group in the fourth quarter valued at about $42,000. Police & Firemen s Retirement System of New Jersey raised its holdings in shares of American Integrity Insurance Group by 172.7% in the fourth quarter. Police & Firemen s Retirement System of New Jersey now owns 2,446 shares of the company’s stock valued at $51,000 after buying an additional 1,549 shares during the last quarter. Finally, JPMorgan Chase & Co. purchased a new stake in shares of American Integrity Insurance Group in the third quarter valued at about $72,000.

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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