American Integrity Insurance Group (NYSE:AII) CEO Sells $632,087.52 in Stock

American Integrity Insurance Group, Inc. (NYSE:AII) CEO Robert Ritchie sold 24,614 shares of American Integrity Insurance Group stock in a transaction on Friday, August 21st. The shares were sold at an average price of $25.68, for a total value of $632,087.52. Following the completion of the sale, the chief executive officer directly owned 2,073,997 shares of the company’s stock, valued at $53,260,242.96. The trade was a 1.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

American Integrity Insurance Group Stock Performance

NYSE:AII opened at $26.64 on Thursday. The stock has a 50-day simple moving average of $20.39 and a 200-day simple moving average of $19.12. The stock has a market cap of $521.88 million, a P/E 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.

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

Institutional Trading of American Integrity Insurance Group

Institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC acquired a new position in American Integrity Insurance Group during the second quarter worth about $1,382,000. XTX Topco Ltd acquired a new stake in shares of American Integrity Insurance Group during the 2nd quarter valued at approximately $192,000. Marshall Wace LLP purchased a new stake in shares of American Integrity Insurance Group during the 2nd quarter worth approximately $2,123,000. Qube Research & Technologies Ltd acquired a new stake in shares of American Integrity Insurance Group in the 2nd quarter worth approximately $292,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in shares of American Integrity Insurance Group in the 2nd quarter worth approximately $7,356,000.

Analyst Ratings Changes

AII has been the subject of a number of analyst reports. Raymond James Financial set a $27.00 price objective on shares of American Integrity Insurance Group in a research report on Thursday, August 20th. Citigroup reaffirmed an “outperform” rating on shares of American Integrity Insurance Group in a report on Wednesday, August 12th. Citizens Jmp increased 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 report on Wednesday, August 12th. Piper Sandler raised 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. Finally, Weiss Ratings raised American Integrity Insurance Group from a “sell (d-)” rating to a “sell (d)” rating in a report on Monday, June 1st. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, American Integrity Insurance Group has an average rating of “Moderate Buy” and a consensus target price of $26.50.

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.