American Integrity Insurance Group (NYSE:AII) CEO Robert Ritchie Sells 50,000 Shares

American Integrity Insurance Group, Inc. (NYSE:AII) CEO Robert Ritchie sold 50,000 shares of the business’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $23.65, for a total value of $1,182,500.00. Following the sale, the chief executive officer owned 2,227,013 shares of the company’s stock, valued at $52,668,857.45. The trade was a 2.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

American Integrity Insurance Group Stock Performance

AII opened at $23.97 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 50 day moving average price of $19.01 and a 200 day moving average price of $18.72. The company has a market cap of $469.55 million, a PE ratio of 5.33 and a beta of -0.20.

American Integrity Insurance Group (NYSE:AII) last announced its quarterly earnings results 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 net margin of 26.20% and a return on equity of 27.56%. The firm had revenue of $115.17 million for the quarter. On average, sell-side analysts predict that American Integrity Insurance Group, Inc. will post 2.73 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC acquired a new stake in American Integrity Insurance Group during the 2nd quarter valued at $1,382,000. XTX Topco Ltd purchased a new position in American Integrity Insurance Group in the 2nd quarter valued at about $192,000. Marshall Wace LLP acquired a new stake in shares of American Integrity Insurance Group during the second quarter valued at about $2,123,000. Qube Research & Technologies Ltd acquired a new stake in shares of American Integrity Insurance Group during the second quarter valued at about $292,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in shares of American Integrity Insurance Group during the second quarter worth about $7,356,000.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on AII shares. 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. Citizens Jmp raised their price objective on American Integrity Insurance Group from $25.00 to $26.00 and gave the company a “market outperform” rating in a research report on Wednesday. Wall Street Zen upgraded American Integrity Insurance Group from a “hold” rating to a “buy” rating in a research note on Saturday. Citigroup reaffirmed an “outperform” rating on shares of American Integrity Insurance Group in a research report on Wednesday. Finally, Piper Sandler increased their target price on American Integrity Insurance Group from $23.00 to $26.00 and gave the company an “overweight” rating in a research note on Thursday. Five analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, American Integrity Insurance Group presently has an average rating of “Moderate Buy” and an average 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.