American Integrity Insurance Group (NYSE:AII) CEO Robert Ritchie Sells 35,000 Shares of Stock

American Integrity Insurance Group, Inc. (NYSE:AII) CEO Robert Ritchie sold 35,000 shares of the company’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $25.08, for a total transaction of $877,800.00. Following the transaction, the chief executive officer owned 2,098,611 shares in the company, valued at $52,633,163.88. The trade was a 1.64% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

American Integrity Insurance Group Stock Up 3.4%

Shares of NYSE:AII opened at $26.20 on Tuesday. The business has a 50-day moving average price of $20.02 and a 200-day moving average price of $19.00. The stock has a market cap of $513.26 million, a price-to-earnings ratio of 5.82 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 $26.56.

American Integrity Insurance Group (NYSE:AII) last posted its quarterly earnings results on Tuesday, August 11th. The company reported $1.78 EPS for the quarter, beating the consensus estimate of $0.81 by $0.97. The company had revenue of $115.17 million for the quarter. American Integrity Insurance Group had a net margin of 26.20% and a return on equity of 26.74%. As a group, equities analysts anticipate that American Integrity Insurance Group, Inc. will post 3.79 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on AII shares. Citizens Jmp lifted their price objective on 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. Raymond James Financial set a $27.00 price objective on American Integrity Insurance Group in a research note on Thursday. Wall Street Zen upgraded American Integrity Insurance Group from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Piper Sandler boosted their price target on shares of 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. Finally, Weiss Ratings raised shares of American Integrity Insurance Group from a “sell (d-)” rating to a “sell (d)” rating in a research note on Monday, June 1st. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $26.50.

Hedge Funds Weigh In On American Integrity Insurance Group

A number of institutional investors have recently bought and sold shares of the company. NewEdge Advisors LLC purchased a new position in American Integrity Insurance Group in the fourth quarter worth approximately $33,000. New York State Common Retirement Fund purchased a new position in American Integrity Insurance Group during the fourth quarter worth about $42,000. Police & Firemen s Retirement System of New Jersey increased its position in shares of American Integrity Insurance Group by 172.7% during the fourth quarter. Police & Firemen s Retirement System of New Jersey now owns 2,446 shares of the company’s stock valued at $51,000 after acquiring an additional 1,549 shares during the last quarter. California State Teachers Retirement System raised its stake in shares of American Integrity Insurance Group by 375.8% in the 2nd quarter. California State Teachers Retirement System now owns 3,145 shares of the company’s stock valued at $59,000 after acquiring an additional 2,484 shares during the period. Finally, JPMorgan Chase & Co. acquired a new position in shares of American Integrity Insurance Group in the 3rd quarter worth approximately $72,000.

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.