116,420 Shares in American Integrity Insurance Group, Inc. $AII Acquired by Donald Smith & CO. Inc.

Donald Smith & CO. Inc. bought a new stake in American Integrity Insurance Group, Inc. (NYSE:AII) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 116,420 shares of the company’s stock, valued at approximately $2,192,000. Donald Smith & CO. Inc. owned 0.59% of American Integrity Insurance Group at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new position in shares of American Integrity Insurance Group in the second quarter valued at approximately $16,723,000. Deutsche Bank AG purchased a new position in shares of American Integrity Insurance Group in the 2nd quarter valued at about $199,000. Bank of New York Mellon Corp purchased a new stake in American Integrity Insurance Group during the second quarter worth about $945,000. State of Wyoming acquired a new position in American Integrity Insurance Group during the second quarter worth about $214,000. Finally, Wasatch Advisors LP grew its holdings in shares of American Integrity Insurance Group by 5.7% in the 2nd quarter. Wasatch Advisors LP now owns 1,260,169 shares of the company’s stock worth $23,729,000 after acquiring an additional 67,977 shares during the period.

American Integrity Insurance Group Stock Performance

Shares of NYSE AII opened at $25.27 on Friday. American Integrity Insurance Group, Inc. has a 1 year low of $16.19 and a 1 year high of $26.41. The stock’s 50-day simple moving average is $19.83 and its 200-day simple moving average is $18.95. The firm has a market cap of $495.04 million, a price-to-earnings ratio of 5.62 and a beta of -0.20.

American Integrity Insurance Group (NYSE:AII) last issued its quarterly earnings results on Tuesday, August 11th. The company reported $1.78 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.97. The firm had revenue of $115.17 million during the quarter. American Integrity Insurance Group had a return on equity of 26.74% and a net margin of 26.20%. As a group, research analysts predict that American Integrity Insurance Group, Inc. will post 3.54 EPS for the current year.

Insider Activity

In other American Integrity Insurance Group news, major shareholder James E. Sowell acquired 79,497 shares of the firm’s stock in a transaction on Tuesday, June 9th. The stock was purchased at an average price of $16.85 per share, with a total value of $1,339,524.45. Following the completion of the acquisition, the insider directly owned 4,610,180 shares in the company, valued at $77,681,533. This trade represents a 1.75% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Robert C. Ritchie sold 50,000 shares of American Integrity Insurance Group stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $23.65, for a total transaction of $1,182,500.00. Following the completion of the transaction, the chief executive officer directly owned 2,227,013 shares of the company’s stock, valued at $52,668,857.45. This trade represents a 2.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have bought 139,356 shares of company stock worth $2,351,702 and have sold 224,984 shares worth $4,991,426. Company insiders own 16.40% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on AII shares. Raymond James Financial set a $27.00 target price on shares of American Integrity Insurance Group in a report on Thursday. Zacks Research upgraded American Integrity Insurance Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 17th. Citigroup reaffirmed an “outperform” rating on shares of American Integrity Insurance Group in a research note on Wednesday, August 12th. Citizens Jmp lifted 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 note on Wednesday, August 12th. Finally, Piper Sandler lifted their target price on shares of American Integrity Insurance Group from $23.00 to $26.00 and gave the company an “overweight” rating in a report on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, American Integrity Insurance Group 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.