American Integrity Insurance Group (NYSE:AII) CEO Sells $1,131,526.00 in Stock

American Integrity Insurance Group, Inc. (NYSE:AII) CEO Robert Ritchie sold 59,554 shares of the stock in a transaction on Friday, December 5th. The shares were sold at an average price of $19.00, for a total value of $1,131,526.00. Following the completion of the sale, the chief executive officer owned 2,417,212 shares in the company, valued at approximately $45,927,028. The trade was a 2.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

American Integrity Insurance Group Price Performance

Shares of American Integrity Insurance Group stock traded down $0.83 on Friday, reaching $19.79. 246,144 shares of the company were exchanged, compared to its average volume of 149,135. American Integrity Insurance Group, Inc. has a 1-year low of $15.77 and a 1-year high of $26.36. The stock’s 50 day moving average price is $22.86 and its 200-day moving average price is $19.82. The company has a market cap of $387.47 million and a P/E ratio of 4.40.

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

Hedge Funds Weigh In On American Integrity Insurance Group

Institutional investors have recently modified their holdings of the business. Strs Ohio purchased a new stake in American Integrity Insurance Group in the 3rd quarter valued at $33,000. FNY Investment Advisers LLC purchased a new position in American Integrity Insurance Group during the 2nd quarter worth $45,000. JPMorgan Chase & Co. acquired a new position in American Integrity Insurance Group in the third quarter valued at $72,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of American Integrity Insurance Group in the third quarter valued at about $83,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of American Integrity Insurance Group during the second quarter worth about $101,000.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. JMP Securities increased their target price on American Integrity Insurance Group from $23.00 to $26.00 and gave the company a “market outperform” rating in a report on Tuesday, October 14th. Citizens Jmp increased their price objective on American Integrity Insurance Group from $26.00 to $28.00 and gave the company a “market outperform” rating in a report on Monday, November 17th. Keefe, Bruyette & Woods raised their target price on American Integrity Insurance Group from $26.00 to $29.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 18th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of American Integrity Insurance Group in a report on Wednesday, October 8th. Finally, Citigroup reiterated an “outperform” rating on shares of American Integrity Insurance Group in a research note on Tuesday, October 14th. 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 company’s stock. According to data from MarketBeat, American Integrity Insurance Group currently has a consensus rating of “Moderate Buy” and an average price target of $26.80.

About American Integrity Insurance Group

We are a profitable and growing insurance group headquartered in Tampa, Florida. Through our insurance carrier subsidiary, American Integrity Insurance Company of Florida, Inc (“AIICFL”), we provide personal residential property insurance for single-family homeowners and condominium owners as well as coverage for vacant dwellings and investment properties, predominantly in Florida.