Emerald Mutual Fund Advisers Trust Sells 48,081 Shares of American Integrity Insurance Group, Inc. $AII

Emerald Mutual Fund Advisers Trust lowered its position in shares of American Integrity Insurance Group, Inc. (NYSE:AII) by 21.9% in the third quarter, HoldingsChannel reports. The fund owned 171,429 shares of the company’s stock after selling 48,081 shares during the period. Emerald Mutual Fund Advisers Trust’s holdings in American Integrity Insurance Group were worth $3,825,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Rakuten Investment Management Inc. bought a new stake in American Integrity Insurance Group during the 3rd quarter worth about $277,000. SG Americas Securities LLC bought a new position in shares of American Integrity Insurance Group in the 3rd quarter valued at about $271,000. Hudson Bay Capital Management LP acquired a new stake in shares of American Integrity Insurance Group during the 2nd quarter worth approximately $1,771,000. State of Tennessee Department of Treasury bought a new stake in shares of American Integrity Insurance Group during the second quarter worth approximately $337,000. Finally, Wasatch Advisors LP acquired a new position in American Integrity Insurance Group in the second quarter valued at approximately $16,073,000.

Insider Buying and Selling

In other American Integrity Insurance Group news, Director Steven E. Smathers sold 171,800 shares of the firm’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $19.00, for a total transaction of $3,264,200.00. Following the sale, the director directly owned 173,414 shares in the company, valued at approximately $3,294,866. This trade represents a 49.77% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Robert C. Ritchie sold 59,554 shares of American Integrity Insurance Group stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $19.00, for a total transaction of $1,131,526.00. Following the completion of the transaction, the chief executive officer directly owned 2,417,212 shares in the company, valued at approximately $45,927,028. The trade was a 2.40% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 3,354,591 shares of company stock valued at $63,737,229.

Wall Street Analyst Weigh In

AII has been the subject of a number of analyst reports. Citizens Jmp lifted their target price on shares of American Integrity Insurance Group from $26.00 to $28.00 and gave the stock a “market outperform” rating in a report on Monday, November 17th. Piper Sandler lifted their price objective on American Integrity Insurance Group from $22.00 to $27.00 and gave the stock an “overweight” rating in a research note on Monday, October 6th. Keefe, Bruyette & Woods increased their target price on American Integrity Insurance Group from $26.00 to $29.00 and gave the company an “outperform” rating in a research note on Tuesday, November 18th. Raymond James Financial set a $28.00 target price on American Integrity Insurance Group in a report on Friday, January 16th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of American Integrity Insurance Group in a research note on Wednesday. Seven investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $27.60.

American Integrity Insurance Group Trading Down 3.2%

Shares of American Integrity Insurance Group stock opened at $18.56 on Friday. The stock’s fifty day simple moving average is $20.26 and its 200 day simple moving average is $20.55. The company has a market capitalization of $363.42 million and a PE ratio of 4.12. American Integrity Insurance Group, Inc. has a 12 month low of $15.77 and a 12 month high of $26.36.

American Integrity Insurance Group (NYSE:AII) last posted its earnings results on Wednesday, November 12th. The company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.10. The firm had revenue of $62.03 million during the quarter. American Integrity Insurance Group had a return on equity of 37.99% and a net margin of 31.63%.

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.