Raymond James initiated coverage of American Integrity Insurance (AII) with an Outperform rating and $20 price target American Integrity could be favorably positioned relative to other Florida residential property insurers during the hurricane season due to superior risk selection, substantial reinsurance limits, and the inexpensive valuation, though the firm remains cautious on the potential for earnings volatility from hurricane-related risks, the analyst tells investors in a research note. The firm has a positive view on the growth backdrop in Florida.
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