American Integrity Insurance Group (NYSE:AII) CEO Sells 36,965 Shares

American Integrity Insurance Group, Inc. (NYSE:AII) CEO Robert Ritchie sold 36,965 shares of American Integrity Insurance Group stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $20.83, for a total transaction of $769,980.95. Following the completion of the transaction, the chief executive officer directly owned 2,334,032 shares of the company’s stock, valued at approximately $48,617,886.56. This represents a 1.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

American Integrity Insurance Group Stock Down 2.5%

Shares of NYSE:AII traded down $0.52 on Monday, reaching $20.48. 82,643 shares of the company’s stock were exchanged, compared to its average volume of 124,787. The business’s 50-day moving average is $18.45 and its two-hundred day moving average is $18.60. American Integrity Insurance Group, Inc. has a fifty-two week low of $16.19 and a fifty-two week high of $26.36. The firm has a market capitalization of $401.20 million, a price-to-earnings ratio of 4.68 and a beta of -0.20.

American Integrity Insurance Group (NYSE:AII) last released its quarterly earnings data on Tuesday, May 12th. The company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.09. American Integrity Insurance Group had a net margin of 27.56% and a return on equity of 27.04%. The firm had revenue of $90.93 million for the quarter. Analysts predict that American Integrity Insurance Group, Inc. will post 2.73 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Piper Sandler upped their price objective on American Integrity Insurance Group from $20.00 to $23.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 15th. Citigroup reissued an “outperform” rating on shares of American Integrity Insurance Group in a research note on Wednesday, May 13th. Citizens Jmp cut their price target on American Integrity Insurance Group from $28.00 to $25.00 and set a “market outperform” rating on the stock in a report on Wednesday, May 13th. Finally, Weiss Ratings upgraded American Integrity Insurance Group from a “sell (d-)” rating to a “sell (d)” rating in a research report on Monday, June 1st. Five equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $25.75.

Institutional Investors Weigh In On American Integrity Insurance Group

A number of hedge funds and other institutional investors have recently modified their holdings of AII. Franklin Resources Inc. lifted its holdings in American Integrity Insurance Group by 1,840.0% in the third quarter. Franklin Resources Inc. now owns 2,988,329 shares of the company’s stock worth $66,670,000 after purchasing an additional 2,834,289 shares during the period. Wasatch Advisors LP increased its stake in American Integrity Insurance Group by 5.7% during the 2nd quarter. Wasatch Advisors LP now owns 1,260,169 shares of the company’s stock valued at $23,729,000 after buying an additional 67,977 shares during the period. Boston Partners increased its stake in American Integrity Insurance Group by 9.3% during the 4th quarter. Boston Partners now owns 1,191,145 shares of the company’s stock valued at $24,809,000 after buying an additional 101,365 shares during the period. BlackRock Inc. bought a new stake in shares of American Integrity Insurance Group during the 2nd quarter worth about $16,723,000. Finally, Mink Brook Asset Management LLC raised its position in shares of American Integrity Insurance Group by 35.5% during the 4th quarter. Mink Brook Asset Management LLC now owns 648,405 shares of the company’s stock worth $13,506,000 after buying an additional 169,932 shares in the last quarter.

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.