American Integrity Insurance Group (NYSE:AII) CEO Robert Ritchie Sells 12,000 Shares

American Integrity Insurance Group, Inc. (NYSE:AII) CEO Robert Ritchie sold 12,000 shares of the firm’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $25.34, for a total transaction of $304,080.00. Following the sale, the chief executive officer owned 2,139,611 shares in the company, valued at approximately $54,217,742.74. This trade represents a 0.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

American Integrity Insurance Group Stock Performance

Shares of NYSE:AII opened at $25.34 on Friday. The firm has a market capitalization of $496.41 million, a PE ratio of 5.63 and a beta of -0.20. American Integrity Insurance Group, Inc. has a 52-week low of $16.19 and a 52-week high of $26.36. The firm has a fifty day moving average of $19.67 and a 200 day moving average of $18.90.

American Integrity Insurance Group (NYSE:AII) last issued its quarterly earnings results 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. On average, sell-side analysts forecast that American Integrity Insurance Group, Inc. will post 3.54 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently commented on AII shares. Weiss Ratings raised shares of American Integrity Insurance Group from a “sell (d-)” rating to a “sell (d)” rating in a report on Monday, June 1st. Wall Street Zen upgraded shares of American Integrity Insurance Group from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Citigroup reiterated an “outperform” rating on shares of American Integrity Insurance Group in a report on Wednesday, August 12th. 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. Finally, Piper Sandler raised their price target 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. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $26.50.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. NewEdge Advisors LLC purchased a new stake in shares of American Integrity Insurance Group in the 4th quarter worth about $33,000. New York State Common Retirement Fund bought a new stake in American Integrity Insurance Group during the 4th quarter valued at approximately $42,000. Police & Firemen s Retirement System of New Jersey grew its holdings in shares of American Integrity Insurance Group by 172.7% during the 4th quarter. Police & Firemen s Retirement System of New Jersey now owns 2,446 shares of the company’s stock worth $51,000 after acquiring an additional 1,549 shares during the period. JPMorgan Chase & Co. purchased a new position in shares of American Integrity Insurance Group during the 3rd quarter worth approximately $72,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of American Integrity Insurance Group in the 3rd quarter worth approximately $83,000.

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.