American Integrity Insurance Group (NYSE:AII) CEO Robert Ritchie 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 Friday, August 28th. The stock was sold at an average price of $26.50, for a total transaction of $159,000.00. Following the transaction, the chief executive officer directly owned 1,893,171 shares in the company, valued at $50,169,031.50. This represents a 0.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

American Integrity Insurance Group Price Performance

Shares of NYSE AII opened at $25.47 on Wednesday. The business has a fifty day moving average price of $21.09 and a two-hundred day moving average price of $19.34. The stock has a market capitalization of $498.96 million, a PE ratio of 5.66 and a beta of -0.09. American Integrity Insurance Group, Inc. has a fifty-two week low of $16.19 and a fifty-two week high of $27.00.

American Integrity Insurance Group (NYSE:AII) last issued its quarterly earnings results on Tuesday, August 11th. The company reported $1.78 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $115.17 million for the quarter. On average, equities analysts expect that American Integrity Insurance Group, Inc. will post 3.82 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Franklin Resources Inc. lifted its stake in American Integrity Insurance Group by 1,840.0% during the 3rd 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 in the last quarter. BlackRock Inc. bought a new position in shares of American Integrity Insurance Group during the second quarter valued at about $16,723,000. Wasatch Advisors LP purchased a new stake in American Integrity Insurance Group in the 2nd quarter worth approximately $16,073,000. Boston Partners lifted its stake in American Integrity Insurance Group by 212.5% in the third quarter. Boston Partners now owns 1,089,780 shares of the company’s stock worth $24,316,000 after acquiring an additional 741,002 shares during the period. Finally, Balyasny Asset Management L.P. bought a new stake in shares of American Integrity Insurance Group during the 2nd quarter valued at about $10,409,000.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on AII shares. Raymond James Financial set a $27.00 price objective on shares of American Integrity Insurance Group in a research report on Thursday, August 20th. Wall Street Zen raised shares of American Integrity Insurance Group from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Zacks Research raised American Integrity Insurance Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 17th. Citigroup reaffirmed an “outperform” rating on shares of American Integrity Insurance Group in a research note on Wednesday, August 12th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of American Integrity Insurance Group in a research note on Thursday, August 27th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price 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.