Insider Selling: American Integrity Insurance Group (NYSE:AII) CEO Sells 19,122 Shares of Company Stock

American Integrity Insurance Group, Inc. (NYSE:AII) CEO Robert Ritchie sold 19,122 shares of the company’s stock in a transaction dated Wednesday, November 11th. The shares were sold at an average price of $30.01, for a total transaction of $573,851.22. Following the completion of the sale, the chief executive officer directly owned 1,714,875 shares of the company’s stock, valued at $51,463,398.75. The trade was a 1.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

American Integrity Insurance Group Stock Down 2.1%

Shares of NYSE AII traded down $0.61 during mid-day trading on Friday, hitting $27.81. 224,543 shares of the company traded hands, compared to its average volume of 153,581. American Integrity Insurance Group, Inc. has a 1 year low of $16.19 and a 1 year high of $32.21. The stock has a market capitalization of $544.82 million, a price-to-earnings ratio of 5.28 and a beta of -0.17. The business has a 50 day moving average of $27.05 and a two-hundred day moving average of $21.28.

American Integrity Insurance Group (NYSE:AII) last released its earnings results on Tuesday, November 10th. The company reported $1.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.77. The company had revenue of $113.49 million during the quarter. American Integrity Insurance Group had a return on equity of 30.27% and a net margin of 26.64%. As a group, research analysts anticipate that American Integrity Insurance Group, Inc. will post 4.20 EPS for the current year.

Wall Street Analyst Weigh In

AII has been the subject of several recent analyst reports. Wall Street Zen upgraded American Integrity Insurance Group from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. Citigroup reiterated an “outperform” rating on shares of American Integrity Insurance Group in a research note on Monday, October 12th. Citizens Jmp boosted their price target on shares of American Integrity Insurance Group from $29.00 to $32.00 and gave the company a “market outperform” rating in a research report on Wednesday. Raymond James Financial restated an “outperform” rating on shares of American Integrity Insurance Group in a research note on Tuesday, October 6th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of American Integrity Insurance Group in a report on Thursday, August 27th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.00.

Hedge Funds Weigh In On American Integrity Insurance Group

Several hedge funds have recently made changes to their positions in the business. The Manufacturers Life Insurance Company acquired a new stake in shares of American Integrity Insurance Group in the 2nd quarter valued at $908,000. BlackRock Inc. bought a new stake in shares of American Integrity Insurance Group during the second quarter worth about $16,723,000. Bank of New York Mellon Corp bought a new stake in American Integrity Insurance Group during the 2nd quarter worth approximately $945,000. Donald Smith & CO. Inc. acquired a new stake in American Integrity Insurance Group in the second quarter valued at $2,192,000. Finally, Bank of America Corp DE acquired a new stake in shares of American Integrity Insurance Group in the second quarter valued at about $3,942,000.

About American Integrity Insurance Group

American Integrity Insurance Group, Inc. is a property and casualty insurance holding company focused primarily on the Florida residential market. Its insurance products include coverage for homeowners, condominium unit owners, renters, manufactured homes and rental properties. The company was founded in 2006 and is headquartered in Tampa, Florida. It serves customers through independent insurance agents and operates through its insurance subsidiaries, including American Integrity Insurance Company of Florida.