American Integrity Insurance Group (NYSE:AII) CEO Sells 6,000 Shares

American Integrity Insurance Group, Inc. (NYSE:AII) CEO Robert Ritchie sold 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $25.24, for a total transaction of $151,440.00. Following the completion of the sale, the chief executive officer directly owned 2,133,611 shares in the company, valued at approximately $53,852,341.64. This trade represents a 0.28% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

American Integrity Insurance Group Stock Up 1.9%

NYSE AII traded up $0.47 on Thursday, hitting $25.34. 146,918 shares of the stock were exchanged, compared to its average volume of 129,941. 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 cap of $496.41 million, a PE ratio of 5.63 and a beta of -0.20. The company has a 50-day moving average price of $19.50 and a 200-day moving average price of $18.86.

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 net margin of 26.20% and a return on equity of 26.74%. The company had revenue of $115.17 million for the quarter. As a group, equities research analysts predict that American Integrity Insurance Group, Inc. will post 3.54 EPS for the current fiscal 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. Franklin Resources Inc. boosted its holdings in shares of 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 valued at $66,670,000 after acquiring an additional 2,834,289 shares during the period. BlackRock Inc. purchased a new stake in American Integrity Insurance Group in the 2nd quarter valued at $16,723,000. Wasatch Advisors LP purchased a new stake in American Integrity Insurance Group in the 2nd quarter valued at $16,073,000. Boston Partners boosted its stake in American Integrity Insurance Group by 212.5% during the 3rd quarter. Boston Partners now owns 1,089,780 shares of the company’s stock worth $24,316,000 after purchasing an additional 741,002 shares during the period. Finally, Balyasny Asset Management L.P. acquired a new stake in American Integrity Insurance Group during the 2nd quarter worth $10,409,000.

Wall Street Analyst Weigh In

Several research firms recently commented on AII. Citizens Jmp increased their target price on American Integrity Insurance Group from $25.00 to $26.00 and gave the company a “market outperform” rating in a report on Wednesday, August 12th. Raymond James Financial set a $27.00 price objective on American Integrity Insurance Group in a research report on Thursday. Wall Street Zen upgraded American Integrity Insurance Group from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Piper Sandler raised their target price on American Integrity Insurance Group from $23.00 to $26.00 and gave the stock an “overweight” rating in a research report on Thursday, August 13th. Finally, Weiss Ratings upgraded American Integrity Insurance Group from a “sell (d-)” rating to a “sell (d)” rating in a research note on Monday, June 1st. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.