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Investing.com - Piper Sandler has raised its price target on American Integrity Insurance Group (NYSE:AII) to $22.00 from $20.00 while maintaining an Overweight rating on Thursday. The new target represents a 22% upside from the current price of $18.03, with analyst targets ranging from $20 to $23.
The insurance company beat both Piper Sandler’s and consensus expectations, primarily due to lower catastrophe losses and favorable reserve development, according to the research firm. The company’s strong performance is reflected in its impressive 50.4% gross profit margin and robust financial health score of 3.21 out of 5 on InvestingPro.
Piper Sandler noted some reporting inconsistencies related to one-time IPO expenses that affected the combined ratio calculation, but stated that underlying results remained strong. The firm highlighted that American Integrity beat bottom-line dollar expectations despite these reporting issues.
Management has identified growth opportunities in concentrated Florida markets and observed positive trends in rate-making in the near term, the research note indicated.
These factors have made Piper Sandler "incrementally more optimistic" about American Integrity Insurance Group’s market position, supporting the higher price target while maintaining the Overweight rating.
In other recent news, American Integrity Insurance Inc. reported its second-quarter 2025 earnings, revealing a robust performance. The company achieved an adjusted earnings per share (EPS) of $1.84, surpassing analyst expectations. Additionally, American Integrity Insurance’s revenue reached $287 million, indicating a substantial increase in gross premiums written. These results highlight the company’s positive growth trajectory. The earnings report is a significant development for investors, showcasing the company’s financial strength. While the stock price movement was noted, it is the earnings and revenue figures that are of particular interest. These recent developments underscore American Integrity Insurance’s strong market position.
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