Insider Selling: American Integrity Insurance Group (NYSE:AII) CEO Sells $272,268.59 in Stock

American Integrity Insurance Group, Inc. (NYSE:AII) CEO Robert Ritchie sold 12,959 shares of American Integrity Insurance Group stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $21.01, for a total transaction of $272,268.59. Following the completion of the transaction, the chief executive officer directly owned 2,321,073 shares in the company, valued at $48,765,743.73. This represents a 0.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

American Integrity Insurance Group Trading Down 2.5%

Shares of NYSE AII traded down $0.52 during midday trading on Monday, reaching $20.48. The company’s stock had a trading volume of 82,643 shares, compared to its average volume of 124,787. The company has a 50 day moving average price of $18.45 and a 200 day moving average price of $18.60. American Integrity Insurance Group, Inc. has a one year low of $16.19 and a one year high of $26.36. The company has a market cap of $401.20 million, a price-to-earnings ratio of 4.68 and a beta of -0.20.

American Integrity Insurance Group (NYSE:AII) last issued its earnings results on Tuesday, May 12th. The company reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.09. The firm had revenue of $90.93 million during the quarter. American Integrity Insurance Group had a net margin of 27.56% and a return on equity of 27.04%. Research analysts anticipate that American Integrity Insurance Group, Inc. will post 2.73 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Citigroup reissued an “outperform” rating on shares of American Integrity Insurance Group in a research note on Wednesday, May 13th. Weiss Ratings raised American Integrity Insurance Group from a “sell (d-)” rating to a “sell (d)” rating in a report on Monday, June 1st. Citizens Jmp decreased their price target on American Integrity Insurance Group from $28.00 to $25.00 and set a “market outperform” rating for the company in a research report on Wednesday, May 13th. Finally, Piper Sandler lifted their price target on American Integrity Insurance Group from $20.00 to $23.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 15th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $25.75.

Institutional Investors Weigh In On American Integrity Insurance Group

Several hedge funds have recently made changes to their positions in AII. NewEdge Advisors LLC acquired a new position in American Integrity Insurance Group in the 4th quarter worth approximately $33,000. New York State Common Retirement Fund purchased a new position in American Integrity Insurance Group during the 4th quarter worth approximately $42,000. Police & Firemen s Retirement System of New Jersey raised its stake in 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 valued at $51,000 after purchasing an additional 1,549 shares during the period. JPMorgan Chase & Co. purchased a new stake in shares of American Integrity Insurance Group in the third quarter valued at $72,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of American Integrity Insurance Group in the third quarter worth $83,000.

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.