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American Integrity Insurance initiated with an Outperform at Keefe Bruyette

Keefe Bruyette initiated coverage of American Integrity Insurance (AII) with an Outperform rating and $23 price target The firm says the company is well positioned to grow organically across its “diversified, deeply entrenched distribution channels” in the voluntary market, while additional policy take-outs from state-backed Citizens “presents upside optionality.”

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