American Integrity Insurance Group (NYSE:AII) CEO Robert Ritchie Sells 65,000 Shares

American Integrity Insurance Group, Inc. (NYSE:AII) CEO Robert Ritchie sold 65,000 shares of the stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $26.29, for a total value of $1,708,850.00. Following the transaction, the chief executive officer owned 1,963,536 shares of the company’s stock, valued at approximately $51,621,361.44. This represents a 3.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

American Integrity Insurance Group Trading Up 1.1%

Shares of AII opened at $26.64 on Thursday. The firm has a market cap of $521.88 million, a P/E ratio of 5.92 and a beta of -0.20. American Integrity Insurance Group, Inc. has a 12-month low of $16.19 and a 12-month high of $27.00. The company’s 50-day moving average price is $20.39 and its 200 day moving average price is $19.12.

American Integrity Insurance Group (NYSE:AII) last announced its earnings results on Tuesday, August 11th. The company reported $1.78 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.97. American Integrity Insurance Group had a net margin of 26.20% and a return on equity of 26.74%. The company had revenue of $115.17 million during the quarter. Equities research analysts forecast that American Integrity Insurance Group, Inc. will post 3.79 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on AII shares. 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. Piper Sandler upped their price target on American Integrity Insurance Group from $23.00 to $26.00 and gave the stock an “overweight” rating in a research note on Thursday, August 13th. Citizens Jmp upped their price target on American Integrity Insurance Group from $25.00 to $26.00 and gave the stock a “market outperform” rating in a research note on Wednesday, August 12th. Zacks Research upgraded American Integrity Insurance Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 17th. Finally, Citigroup reaffirmed an “outperform” rating on shares of American Integrity Insurance Group in a research note on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $26.50.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Franklin Resources Inc. lifted its holdings 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 worth $66,670,000 after buying an additional 2,834,289 shares in the last quarter. Wasatch Advisors LP boosted its position in American Integrity Insurance Group by 5.7% in the 2nd quarter. Wasatch Advisors LP now owns 1,260,169 shares of the company’s stock valued at $23,729,000 after buying an additional 67,977 shares during the period. Boston Partners grew its stake in shares of American Integrity Insurance Group by 9.3% in the fourth quarter. Boston Partners now owns 1,191,145 shares of the company’s stock worth $24,809,000 after acquiring an additional 101,365 shares in the last quarter. BlackRock Inc. purchased a new stake in shares of American Integrity Insurance Group during the second quarter worth $16,723,000. Finally, Mink Brook Asset Management LLC increased its position in shares of American Integrity Insurance Group by 35.5% during the fourth quarter. Mink Brook Asset Management LLC now owns 648,405 shares of the company’s stock worth $13,506,000 after acquiring an additional 169,932 shares during the period.

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.