Robert Ritchie Sells 65,000 Shares of American Integrity Insurance Group (NYSE:AII) Stock

American Integrity Insurance Group, Inc. (NYSE:AII) CEO Robert Ritchie sold 65,000 shares of the business’s stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $26.29, for a total transaction of $1,708,850.00. Following the completion of the transaction, the chief executive officer owned 1,963,536 shares of the company’s stock, valued at approximately $51,621,361.44. This trade represents a 3.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

American Integrity Insurance Group Price Performance

Shares of NYSE AII traded up $0.30 during mid-day trading on Wednesday, hitting $26.64. The company had a trading volume of 275,276 shares, compared to its average volume of 133,316. The company has a market capitalization of $521.88 million, a PE ratio of 5.92 and a beta of -0.20. American Integrity Insurance Group, Inc. has a 1-year low of $16.19 and a 1-year high of $27.00. The business’s 50-day simple moving average is $20.21 and its 200 day simple moving average is $19.06.

American Integrity Insurance Group (NYSE:AII) last released its earnings results on Tuesday, August 11th. The company reported $1.78 EPS for the quarter, topping the consensus estimate of $0.81 by $0.97. American Integrity Insurance Group had a return on equity of 26.74% and a net margin of 26.20%.The firm had revenue of $115.17 million during the quarter. On average, analysts expect that American Integrity Insurance Group, Inc. will post 3.79 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on AII shares. Wall Street Zen raised American Integrity Insurance Group from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Raymond James Financial set a $27.00 target price on shares of American Integrity Insurance Group in a report on Thursday, August 20th. Citizens Jmp lifted their price target on shares of American Integrity Insurance Group from $25.00 to $26.00 and gave the stock a “market outperform” rating in a research note on Wednesday, August 12th. Zacks Research upgraded shares of American Integrity Insurance Group from a “hold” rating to a “strong-buy” rating in a report on Monday, August 17th. Finally, Piper Sandler increased their price objective on shares of American Integrity Insurance Group from $23.00 to $26.00 and gave the company an “overweight” rating in a research report on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $26.50.

Institutional Trading of American Integrity Insurance Group

Several institutional investors have recently modified their holdings of the stock. NewEdge Advisors LLC purchased a new position in shares of American Integrity Insurance Group in the 4th quarter valued at $33,000. New York State Common Retirement Fund purchased a new stake in American Integrity Insurance Group in the fourth quarter valued at $42,000. Police & Firemen s Retirement System of New Jersey boosted its stake in 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 acquiring an additional 1,549 shares in the last quarter. California State Teachers Retirement System boosted its stake in American Integrity Insurance Group by 375.8% in the second quarter. California State Teachers Retirement System now owns 3,145 shares of the company’s stock valued at $59,000 after acquiring an additional 2,484 shares in the last quarter. Finally, JPMorgan Chase & Co. purchased a new position in shares of American Integrity Insurance Group during the third quarter worth about $72,000.

American Integrity Insurance Group Company Profile

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.