Insider Selling: American Integrity Insurance Group (NYSE:AII) CEO Sells $263,500.00 in Stock

American Integrity Insurance Group, Inc. (NYSE:AII) CEO Robert Ritchie sold 10,000 shares of American Integrity Insurance Group stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $26.35, for a total value of $263,500.00. Following the sale, the chief executive officer directly owned 1,899,171 shares of the company’s stock, valued at approximately $50,043,155.85. This represents a 0.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

American Integrity Insurance Group Stock Performance

Shares of AII stock opened at $26.26 on Monday. The stock’s 50-day simple moving average is $20.77 and its 200-day simple moving average is $19.23. The firm has a market capitalization of $514.43 million, a PE ratio of 5.84 and a beta of -0.20. American Integrity Insurance Group, Inc. has a fifty-two week low of $16.19 and a fifty-two week high of $27.00.

American Integrity Insurance Group (NYSE:AII) last announced 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. 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. Sell-side analysts forecast that American Integrity Insurance Group, Inc. will post 3.79 earnings per share for the current year.

Analyst Ratings Changes

AII has been the subject of several research reports. Piper Sandler lifted 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 note on Thursday, August 13th. Citizens Jmp increased their price objective 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 raised shares of American Integrity Insurance Group from a “hold” rating to a “strong-buy” rating in a report on Monday, August 17th. Weiss Ratings upgraded shares of American Integrity Insurance Group from a “sell (d-)” rating to a “sell (d)” rating in a research report on Monday, June 1st. Finally, Citigroup reaffirmed an “outperform” rating on shares of American Integrity Insurance Group in a report on Wednesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $26.50.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. California State Teachers Retirement System boosted its position in American Integrity Insurance Group by 375.8% in the 2nd quarter. California State Teachers Retirement System now owns 3,145 shares of the company’s stock worth $59,000 after purchasing an additional 2,484 shares in the last quarter. Hsbc Holdings PLC grew its stake in shares of American Integrity Insurance Group by 88.5% during the 2nd quarter. Hsbc Holdings PLC now owns 22,949 shares of the company’s stock worth $439,000 after purchasing an additional 10,775 shares during the period. Public Employees Retirement System of Ohio purchased a new position in shares of American Integrity Insurance Group during the 2nd quarter valued at approximately $272,000. Bank of America Corp DE acquired a new position in shares of American Integrity Insurance Group in the 2nd quarter valued at $3,942,000. Finally, Freestone Grove Partners LP purchased a new stake in American Integrity Insurance Group during the second quarter worth $9,251,000.

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.