American Integrity Insurance Group (NYSE:AII) CEO Sells 54,365 Shares of Stock

American Integrity Insurance Group, Inc. (NYSE:AII) CEO Robert Ritchie sold 54,365 shares of the stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $26.63, for a total value of $1,447,739.95. Following the sale, the chief executive officer directly owned 1,909,171 shares of the company’s stock, valued at $50,841,223.73. The trade was a 2.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

American Integrity Insurance Group Stock Down 0.1%

AII stock traded down $0.03 during midday trading on Friday, hitting $26.26. The company’s stock had a trading volume of 109,649 shares, compared to its average volume of 133,098. The stock’s 50-day moving average price is $20.58 and its 200 day moving average price is $19.17. American Integrity Insurance Group, Inc. has a 1 year low of $16.19 and a 1 year high of $27.00. The stock has a market cap of $514.43 million, a price-to-earnings ratio of 5.84 and a beta of -0.20.

American Integrity Insurance Group (NYSE:AII) last announced its earnings results 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. 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. As a group, equities analysts forecast that American Integrity Insurance Group, Inc. will post 3.79 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently issued reports on AII. Citizens Jmp raised their price objective on shares of American Integrity Insurance Group from $25.00 to $26.00 and gave the stock a “market outperform” rating in a report on Wednesday, August 12th. Wall Street Zen upgraded shares of American Integrity Insurance Group from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. Zacks Research raised shares of American Integrity Insurance Group from a “hold” rating to a “strong-buy” rating in a report on Monday, August 17th. Citigroup reiterated an “outperform” rating on shares of American Integrity Insurance Group in a research note on Wednesday, August 12th. Finally, Raymond James Financial set a $27.00 price objective on American Integrity Insurance Group in a report on Thursday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $26.50.

Institutional Investors Weigh In On American Integrity Insurance Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. California State Teachers Retirement System lifted its holdings in American Integrity Insurance Group by 375.8% during the second quarter. California State Teachers Retirement System now owns 3,145 shares of the company’s stock valued at $59,000 after purchasing an additional 2,484 shares during the last quarter. Hsbc Holdings PLC increased its stake in shares of American Integrity Insurance Group by 88.5% in the second quarter. Hsbc Holdings PLC now owns 22,949 shares of the company’s stock worth $439,000 after purchasing an additional 10,775 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of American Integrity Insurance Group in the second quarter worth about $272,000. Bank of America Corp DE bought a new stake in shares of American Integrity Insurance Group in the second quarter valued at approximately $3,942,000. Finally, Freestone Grove Partners LP bought a new stake in shares of American Integrity Insurance Group in the second quarter valued at approximately $9,251,000.

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.