American Integrity Insurance Group (NYSE:AII) CEO Sells 30,000 Shares

American Integrity Insurance Group, Inc. (NYSE:AII) CEO Robert Ritchie sold 30,000 shares of the business’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $20.85, for a total transaction of $625,500.00. Following the completion of the transaction, the chief executive officer owned 2,370,997 shares in the company, valued at approximately $49,435,287.45. The trade was a 1.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

American Integrity Insurance Group Stock Down 0.6%

American Integrity Insurance Group stock traded down $0.13 during trading hours on Wednesday, reaching $20.79. 73,965 shares of the company’s stock were exchanged, compared to its average volume of 124,954. The firm’s 50 day simple moving average is $18.18 and its 200 day simple moving average is $18.56. American Integrity Insurance Group, Inc. has a twelve month low of $16.19 and a twelve month high of $26.36. The firm has a market capitalization of $407.32 million, a PE ratio of 4.75 and a beta of -0.20.

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

Analyst Ratings Changes

AII has been the topic of several recent analyst reports. Weiss Ratings raised American Integrity Insurance Group from a “sell (d-)” rating to a “sell (d)” rating in a research note on Monday, June 1st. Citigroup reaffirmed an “outperform” rating on shares of American Integrity Insurance Group in a research report on Wednesday, May 13th. Piper Sandler lifted their price objective on shares of American Integrity Insurance Group from $20.00 to $23.00 and gave the company an “overweight” rating in a research note on Wednesday, July 15th. Citizens Jmp dropped their target price on shares of American Integrity Insurance Group from $28.00 to $25.00 and set a “market outperform” rating on the stock in a research report on Wednesday, May 13th. Finally, Keefe, Bruyette & Woods dropped their target price on shares of American Integrity Insurance Group from $28.00 to $27.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 7th. Five analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $25.75.

Institutional Trading of American Integrity Insurance Group

Several large investors have recently made changes to their positions in the company. NewEdge Advisors LLC bought a new stake in American Integrity Insurance Group in the 4th quarter valued at about $33,000. New York State Common Retirement Fund bought a new position in American Integrity Insurance Group in the fourth quarter worth approximately $42,000. Police & Firemen s Retirement System of New Jersey boosted its holdings in American Integrity Insurance Group by 172.7% in the fourth quarter. Police & Firemen s Retirement System of New Jersey now owns 2,446 shares of the company’s stock worth $51,000 after acquiring an additional 1,549 shares in the last quarter. JPMorgan Chase & Co. acquired a new stake in American Integrity Insurance Group in the third quarter valued at approximately $72,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in American Integrity Insurance Group in the third quarter valued at approximately $83,000.

About American Integrity Insurance Group

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.