Robert Ritchie Sells 30,000 Shares of American Integrity Insurance Group (NYSE:AII) Stock

American Integrity Insurance Group, Inc. (NYSE:AII) CEO Robert Ritchie sold 30,000 shares of the stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $20.85, for a total value of $625,500.00. Following the transaction, the chief executive officer owned 2,370,997 shares in the company, valued at approximately $49,435,287.45. This trade represents a 1.25% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

American Integrity Insurance Group Trading Up 1.9%

Shares of American Integrity Insurance Group stock opened at $21.15 on Friday. American Integrity Insurance Group, Inc. has a 1-year low of $16.19 and a 1-year high of $26.36. The firm has a fifty day simple moving average of $18.36 and a 200-day simple moving average of $18.59. The stock has a market capitalization of $414.41 million, a price-to-earnings ratio of 4.83 and a beta of -0.20.

American Integrity Insurance Group (NYSE:AII) last announced its earnings results on Tuesday, May 12th. The company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.94 by $0.09. The firm had revenue of $90.93 million for the quarter. American Integrity Insurance Group had a net margin of 27.56% and a return on equity of 27.04%. As a group, research analysts predict that American Integrity Insurance Group, Inc. will post 2.73 earnings per share for the current year.

Hedge Funds Weigh In On American Integrity Insurance Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. NewEdge Advisors LLC acquired a new position in American Integrity Insurance Group in the 4th quarter valued at approximately $33,000. New York State Common Retirement Fund bought a new stake in shares of American Integrity Insurance Group during the fourth quarter valued at approximately $42,000. Police & Firemen s Retirement System of New Jersey raised its stake in shares of American Integrity Insurance Group by 172.7% in the fourth quarter. Police & Firemen s Retirement System of New Jersey now owns 2,446 shares of the company’s stock valued at $51,000 after purchasing an additional 1,549 shares in the last quarter. JPMorgan Chase & Co. bought a new position in American Integrity Insurance Group in the third quarter worth $72,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in American Integrity Insurance Group during the third quarter worth $83,000.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Piper Sandler boosted their price objective on American Integrity Insurance Group from $20.00 to $23.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 15th. Citizens Jmp dropped their price target on American Integrity Insurance Group from $28.00 to $25.00 and set a “market outperform” rating on the stock in a research report on Wednesday, May 13th. Weiss Ratings raised American Integrity Insurance Group from a “sell (d-)” rating to a “sell (d)” rating in a research report on Monday, June 1st. Finally, Citigroup reaffirmed an “outperform” rating on shares of American Integrity Insurance Group in a research report on Wednesday, May 13th. Five analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, American Integrity Insurance Group presently has an average rating of “Moderate Buy” and an average target price of $25.75.

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.