American Integrity Insurance initiated with an Outperform at William Blair

William Blair analyst Adam Klauber initiated coverage of American Integrity Insurance (AII) with an Outperform rating. American Integrity is a fast-growing, technology-enabled homeowners insurer that focuses on the “increasingly attractive” Florida market, the analyst tells investors in a research note. The firm believes the company can compound earnings growth in the mid-teens range through 2027. The stock’s current valuation does not reflect American Integrity’s “strong compounding ability,” contends William Blair.