American Integrity Insurance Group (NYSE:AII) Major Shareholder James Sowell Buys 33,628 Shares

American Integrity Insurance Group, Inc. (NYSE:AII) major shareholder James Sowell acquired 33,628 shares of American Integrity Insurance Group stock in a transaction on Monday, June 8th. The stock was purchased at an average cost of $16.91 per share, with a total value of $568,649.48. Following the completion of the transaction, the insider directly owned 4,530,683 shares in the company, valued at $76,613,849.53. This represents a 0.75% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

American Integrity Insurance Group Stock Performance

AII traded down $0.17 during midday trading on Thursday, reaching $16.83. The company had a trading volume of 94,521 shares, compared to its average volume of 124,116. The stock has a market cap of $329.70 million and a PE ratio of 3.84. American Integrity Insurance Group, Inc. has a 12-month low of $15.77 and a 12-month high of $26.36. The business has a 50-day moving average price of $18.19 and a two-hundred day moving average price of $19.03.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in AII. NewEdge Advisors LLC purchased a new position in shares of American Integrity Insurance Group in the 4th quarter valued at approximately $33,000. New York State Common Retirement Fund purchased a new position in shares of American Integrity Insurance Group in the 4th quarter valued at approximately $42,000. Police & Firemen s Retirement System of New Jersey lifted its stake in shares of American Integrity Insurance Group by 172.7% in 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. bought a new stake in American Integrity Insurance Group during the third quarter worth about $72,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in American Integrity Insurance Group during the third quarter worth about $83,000.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on AII. Keefe, Bruyette & Woods decreased 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 report on Tuesday, April 7th. Citizens Jmp lowered their price objective 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. Citigroup reaffirmed an “outperform” rating on shares of American Integrity Insurance Group in a report on Wednesday, May 13th. Finally, Weiss Ratings raised shares of American Integrity Insurance Group from a “sell (d-)” rating to a “sell (d)” rating in a report on Monday, June 1st. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $26.75.

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.