American Integrity Insurance Group (NYSE:AII) CEO Robert Ritchie Sells 38,260 Shares

American Integrity Insurance Group, Inc. (NYSE:AII) CEO Robert Ritchie sold 38,260 shares of the stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $23.08, for a total transaction of $883,040.80. Following the completion of the transaction, the chief executive officer directly owned 2,277,013 shares in the company, valued at $52,553,460.04. This trade represents a 1.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

American Integrity Insurance Group Trading Down 0.1%

NYSE:AII traded down $0.03 during midday trading on Friday, hitting $23.97. 193,972 shares of the company were exchanged, compared to its average volume of 128,244. American Integrity Insurance Group, Inc. has a fifty-two week low of $16.19 and a fifty-two week high of $26.36. The company has a market capitalization of $469.55 million, a PE ratio of 5.33 and a beta of -0.20. The company has a fifty day simple moving average of $18.87 and a 200 day simple moving average of $18.68.

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

Wall Street Analyst Weigh In

Several research firms have commented on AII. Citizens Jmp lifted their price target on American Integrity Insurance Group from $25.00 to $26.00 and gave the stock a “market outperform” rating in a research report on Wednesday. Piper Sandler raised 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 research report on Thursday. Citigroup reaffirmed an “outperform” rating on shares of American Integrity Insurance Group in a report on Wednesday. Finally, 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. Five analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, American Integrity Insurance Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $26.75.

Institutional Trading of American Integrity Insurance Group

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

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.