American Integrity Insurance Group (NYSE:AII) Stock: Insider Robert Ritchie Sells 26,436 Shares

American Integrity Insurance Group, Inc. (NYSE:AII) CEO Robert Ritchie sold 26,436 shares of American Integrity Insurance Group stock in a transaction on Wednesday, October 14th. The stock was sold at an average price of $27.23, for a total value of $719,852.28. Following the completion of the sale, the chief executive officer directly owned 1,733,997 shares of the company’s stock, valued at approximately $47,216,738.31. The trade was a 1.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

American Integrity Insurance Group Price Performance

AII stock opened at $27.45 on Friday. American Integrity Insurance Group, Inc. has a 1-year low of $16.19 and a 1-year high of $28.25. The business has a fifty day moving average price of $25.64 and a 200-day moving average price of $20.97. The stock has a market capitalization of $537.75 million, a P/E ratio of 5.98 and a beta of 0.02.

American Integrity Insurance Group (NYSE:AII) last announced its quarterly earnings results on Tuesday, August 11th. The company reported $1.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.97. American Integrity Insurance Group had a return on equity of 26.74% and a net margin of 26.20%. The firm had revenue of $115.17 million for the quarter. As a group, analysts anticipate that American Integrity Insurance Group, Inc. will post 4.02 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Wall Street Zen upgraded shares of American Integrity Insurance Group from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. Piper Sandler raised their price target on shares of American Integrity Insurance Group from $23.00 to $26.00 and gave the company an “overweight” rating in a report on Thursday, August 13th. Weiss Ratings reiterated a “sell (d)” rating on shares of American Integrity Insurance Group in a research note on Thursday, August 27th. Keefe, Bruyette & Woods boosted their price objective on shares of American Integrity Insurance Group from $29.00 to $31.00 and gave the company an “outperform” rating in a report on Monday, October 12th. Finally, Citizens Jmp increased their price objective on shares of American Integrity Insurance Group from $26.00 to $29.00 and gave the company a “market outperform” rating in a research report on Monday, October 12th. 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 company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $28.25.

Hedge Funds Weigh In On American Integrity Insurance Group

A number of institutional investors and hedge funds have recently modified their holdings of AII. GAMMA Investing LLC increased its position in American Integrity Insurance Group by 9,544.4% during the third quarter. GAMMA Investing LLC now owns 1,736 shares of the company’s stock valued at $43,000 after acquiring an additional 1,718 shares during the last quarter. Hsbc Holdings PLC lifted its holdings in American Integrity Insurance Group by 88.5% in the second quarter. Hsbc Holdings PLC now owns 22,949 shares of the company’s stock valued at $439,000 after acquiring an additional 10,775 shares during the period. Public Employees Retirement System of Ohio bought a new position in American Integrity Insurance Group in the second quarter valued at about $272,000. Bank of America Corp DE purchased a new position in American Integrity Insurance Group in the second quarter worth about $3,942,000. Finally, Freestone Grove Partners LP purchased a new position in American Integrity Insurance Group in the second quarter worth about $9,251,000.

About American Integrity Insurance Group

American Integrity Insurance Group, Inc is an insurance company focused on residential property coverage in catastrophe-exposed markets. Through its insurance subsidiaries, the company primarily serves homeowners and other residential policyholders, with an emphasis on providing protection against risks such as wind, hurricanes and other property-related losses.

Its product offerings include homeowners insurance and related personal-lines products for owner-occupied residences, condominium unit owners, renters and other residential properties.