American Integrity Insurance Group (NYSE:AII) Major Shareholder Buys $393,068.52 in Stock

American Integrity Insurance Group, Inc. (NYSE:AII) major shareholder James Sowell purchased 23,231 shares of the firm’s stock in a transaction on Friday, June 5th. The shares were purchased at an average price of $16.92 per share, for a total transaction of $393,068.52. Following the completion of the purchase, the insider directly owned 4,497,055 shares of the company’s stock, valued at $76,090,170.60. This represents a 0.52% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

American Integrity Insurance Group Stock Up 1.5%

NYSE:AII opened at $17.11 on Friday. American Integrity Insurance Group, Inc. has a 52 week low of $15.77 and a 52 week high of $26.36. The stock has a market capitalization of $335.15 million and a price-to-earnings ratio of 3.91. The stock’s fifty day moving average is $18.10 and its two-hundred day moving average is $19.00.

American Integrity Insurance Group (NYSE:AII) last issued its quarterly earnings results on Tuesday, May 12th. The company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.94 by $0.09. American Integrity Insurance Group had a net margin of 27.56% and a return on equity of 27.04%. The company had revenue of $90.93 million during the quarter. On average, sell-side analysts expect that American Integrity Insurance Group, Inc. will post 2.73 EPS for the current fiscal year.

Institutional Investors Weigh In On American Integrity Insurance Group

Several institutional investors have recently modified their holdings of AII. NewEdge Advisors LLC acquired a new stake in American Integrity Insurance Group during the 4th quarter worth $33,000. New York State Common Retirement Fund acquired a new stake in American Integrity Insurance Group during the 4th quarter worth $42,000. Police & Firemen s Retirement System of New Jersey raised its stake in American Integrity Insurance Group by 172.7% during 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 acquiring an additional 1,549 shares in the last quarter. JPMorgan Chase & Co. acquired a new stake in American Integrity Insurance Group during the 3rd quarter worth $72,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in American Integrity Insurance Group during the 3rd quarter worth $83,000.

Analysts Set New Price Targets

Several equities analysts have commented on AII shares. Citigroup reissued an “outperform” rating on shares of American Integrity Insurance Group in a research report on Wednesday, May 13th. Keefe, Bruyette & Woods decreased their price target on shares of American Integrity Insurance Group from $28.00 to $27.00 and set an “outperform” rating for the company in a research report on Tuesday, April 7th. Citizens Jmp decreased their price target on shares of American Integrity Insurance Group from $28.00 to $25.00 and set a “market outperform” rating for the company in a research 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 research report on Monday, June 1st. Five investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.