Man Group plc Invests $1.31 Million in American Integrity Insurance Group, Inc. $AII

Man Group plc bought a new position in American Integrity Insurance Group, Inc. (NYSE:AII) during the 2nd quarter, Holdings Channel reports. The fund bought 69,496 shares of the company’s stock, valued at approximately $1,309,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. NewEdge Advisors LLC purchased a new position in shares of American Integrity Insurance Group during the fourth quarter valued at approximately $33,000. New York State Common Retirement Fund purchased a new position in American Integrity Insurance Group during the 4th quarter valued at $42,000. Police & Firemen s Retirement System of New Jersey raised its holdings in 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 worth $51,000 after purchasing an additional 1,549 shares in the last quarter. JPMorgan Chase & Co. purchased a new stake in shares of American Integrity Insurance Group in the 3rd quarter worth about $72,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of American Integrity Insurance Group during the 3rd quarter valued at about $83,000.

Insider Buying and Selling at American Integrity Insurance Group

In other news, major shareholder James E. Sowell purchased 79,497 shares of the company’s stock in a transaction that occurred on Tuesday, June 9th. The shares were bought at an average price of $16.85 per share, for a total transaction of $1,339,524.45. Following the purchase, the insider directly owned 4,610,180 shares in the company, valued at approximately $77,681,533. This trade represents a 1.75% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Robert C. Ritchie sold 65,000 shares of the stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $26.29, for a total transaction of $1,708,850.00. Following the sale, the chief executive officer directly owned 1,963,536 shares in the company, valued at $51,621,361.44. This trade represents a 3.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have bought 136,356 shares of company stock valued at $2,301,242 and have sold 474,598 shares valued at $11,513,818. 16.40% of the stock is owned by company insiders.

American Integrity Insurance Group Stock Up 1.7%

Shares of AII opened at $26.07 on Thursday. The stock has a market cap of $510.79 million, a P/E ratio of 5.79 and a beta of -0.08. The business’s 50 day moving average price is $21.25 and its 200-day moving average price is $19.40. American Integrity Insurance Group, Inc. has a 52 week low of $16.19 and a 52 week high of $27.00.

American Integrity Insurance Group (NYSE:AII) last posted its quarterly earnings data on Tuesday, August 11th. The company reported $1.78 earnings per share 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 company had revenue of $115.17 million during the quarter. On average, equities analysts anticipate that American Integrity Insurance Group, Inc. will post 3.82 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on AII shares. Raymond James Financial set a $27.00 price target on shares of American Integrity Insurance Group in a research note on Thursday, August 20th. Weiss Ratings restated a “sell (d)” rating on shares of American Integrity Insurance Group in a research note on Thursday, August 27th. Wall Street Zen upgraded American Integrity Insurance Group from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Citizens Jmp increased their price objective on American Integrity Insurance Group from $25.00 to $26.00 and gave the stock a “market outperform” rating in a report on Wednesday, August 12th. Finally, Citigroup restated an “outperform” rating on shares of American Integrity Insurance Group in a report on Wednesday, August 12th. One 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’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $26.50.

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.