Robert Ritchie Sells 5,800 Shares of American Integrity Insurance Group (NYSE:AII) Stock

American Integrity Insurance Group, Inc. (NYSE:AII) CEO Robert Ritchie sold 5,800 shares of the firm’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $20.72, for a total value of $120,176.00. Following the completion of the sale, the chief executive officer owned 2,315,273 shares of the company’s stock, valued at approximately $47,972,456.56. This represents a 0.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

American Integrity Insurance Group Stock Performance

AII stock opened at $23.97 on Friday. The stock’s 50 day simple moving average is $18.87 and its 200 day simple moving average is $18.68. The company has a market cap of $469.53 million, a P/E ratio of 5.33 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 $26.36.

American Integrity Insurance Group (NYSE:AII) last announced its quarterly earnings data on Tuesday, August 11th. The company reported $1.78 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.97. American Integrity Insurance Group had a return on equity of 27.56% and a net margin of 26.20%.The firm had revenue of $115.17 million during the quarter. Equities analysts predict that American Integrity Insurance Group, Inc. will post 2.73 earnings per share for the current year.

Institutional Investors Weigh In On American Integrity Insurance Group

A number of institutional investors and hedge funds have recently bought and sold shares of AII. Algert Global LLC bought a new position in American Integrity Insurance Group during the 2nd quarter valued at $2,925,000. Donald Smith & CO. Inc. bought a new stake in shares of American Integrity Insurance Group in the 2nd quarter worth $2,192,000. BlackRock Inc. purchased a new stake in shares of American Integrity Insurance Group in the second quarter valued at about $16,723,000. Deutsche Bank AG bought a new position in shares of American Integrity Insurance Group during the second quarter valued at about $199,000. Finally, Bank of New York Mellon Corp bought a new position in shares of American Integrity Insurance Group during the second quarter valued at about $945,000.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Citizens Jmp boosted their price target on shares of American Integrity Insurance Group from $25.00 to $26.00 and gave the company a “market outperform” rating in a research note on Wednesday. Weiss Ratings upgraded shares of American Integrity Insurance Group from a “sell (d-)” rating to a “sell (d)” rating in a report on Monday, June 1st. Citigroup reissued an “outperform” rating on shares of American Integrity Insurance Group in a research report on Wednesday. Finally, Piper Sandler upped their target price on shares of American Integrity Insurance Group from $23.00 to $26.00 and gave the stock an “overweight” rating in a report on Thursday. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $26.75.

About American Integrity Insurance Group

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.