American Integrity Insurance Group (NYSE:AII) Stock: Insider Robert Ritchie Sells 3,137 Shares

American Integrity Insurance Group, Inc. (NYSE:AII) CEO Robert Ritchie sold 3,137 shares of the business’s stock in a transaction dated Friday, October 9th. The shares were sold at an average price of $27.05, for a total value of $84,855.85. Following the completion of the transaction, the chief executive officer directly owned 1,880,860 shares of the company’s stock, valued at approximately $50,877,263. The trade was a 0.17% 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 Price Performance

Shares of American Integrity Insurance Group stock opened at $27.41 on Thursday. The company has a market capitalization of $536.98 million, a P/E ratio of 6.09 and a beta of 0.02. The business has a 50-day moving average of $25.38 and a two-hundred day moving average of $20.86. American Integrity Insurance Group, Inc. has a 1 year low of $16.19 and a 1 year high of $27.86.

American Integrity Insurance Group (NYSE:AII) last released its quarterly earnings data on Tuesday, August 11th. The company reported $1.78 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $115.17 million for the quarter. On average, equities analysts anticipate that American Integrity Insurance Group, Inc. will post 4.02 EPS for the current fiscal year.

Institutional Trading of American Integrity Insurance Group

Hedge funds and other institutional investors have recently modified their holdings of the company. GAMMA Investing LLC boosted its position in shares of 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 worth $43,000 after buying an additional 1,718 shares during the period. Hsbc Holdings PLC grew its holdings in shares of American Integrity Insurance Group by 88.5% during the second quarter. Hsbc Holdings PLC now owns 22,949 shares of the company’s stock worth $439,000 after buying an additional 10,775 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of American Integrity Insurance Group during the second quarter worth about $272,000. Bank of America Corp DE acquired a new stake in American Integrity Insurance Group in the 2nd quarter valued at approximately $3,942,000. Finally, Freestone Grove Partners LP acquired a new stake in American Integrity Insurance Group in the 2nd quarter valued at approximately $9,251,000.

Analyst Upgrades and Downgrades

AII has been the topic of several research analyst reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of American Integrity Insurance Group in a research note on Thursday, August 27th. Zacks Research upgraded shares of American Integrity Insurance Group from a “hold” rating to a “strong-buy” rating in a report on Monday, August 17th. Keefe, Bruyette & Woods upped their price target 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. Piper Sandler increased their price objective on shares of American Integrity Insurance Group from $23.00 to $26.00 and gave the stock an “overweight” rating in a research report on Thursday, August 13th. Finally, Citigroup reissued an “outperform” rating on shares of American Integrity Insurance Group in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $28.25.

More American Integrity Insurance Group News

Here are the key news stories impacting American Integrity Insurance Group this week:

• Positive Sentiment: Zacks named AII a Strong Buy value stock. The inclusion on Zacks’ Rank #1 value list highlights the company’s low valuation and potentially attractive earnings outlook. AII trades at roughly 6 times earnings, while analysts expect about $3.82 in earnings per share for the current year. Best Value Stocks to Buy for October 14th
• Positive Sentiment: Analyst sentiment and institutional interest remain constructive. Recent coverage cited price-target increases from Keefe, Bruyette & Woods and Citizens JMP, while BlackRock and other institutions established positions during the second quarter. The average analyst price target is approximately $28.25, modestly above the referenced trading level.
• Neutral Sentiment: Momentum is strong, but valuation expectations are becoming more demanding. AII remains close to its 52-week high and trades well above its 50-day and 200-day moving averages. Its latest quarterly results were strong, with EPS of $1.78 versus an $0.81 consensus estimate, but the stock’s proximity to its high leaves less room for disappointing results.
• Negative Sentiment: CEO Robert Ritchie sold a substantial amount of stock. He sold a combined 123,564 shares from October 9 through October 13 for approximately $3.37 million, reducing his direct ownership by about 6.7%. Although he still owns roughly 1.76 million shares, the cluster of sales could raise concerns about insider confidence or near-term valuation and may weigh on the stock. American Integrity Insurance Group CEO Insider Transactions

American Integrity Insurance Group Company Profile

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.