American Integrity Insurance Group (NYSE:AII) CEO Sells 35,000 Shares of Stock

American Integrity Insurance Group, Inc. (NYSE:AII) CEO Robert Ritchie sold 35,000 shares of the company’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $25.08, for a total value of $877,800.00. Following the completion of the sale, the chief executive officer owned 2,098,611 shares in the company, valued at approximately $52,633,163.88. This represents a 1.64% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

American Integrity Insurance Group Price Performance

AII traded up $0.85 during trading on Monday, reaching $26.20. 288,155 shares of the stock were exchanged, compared to its average volume of 131,795. The business’s 50 day moving average price is $19.83 and its two-hundred day moving average price is $18.95. The company has a market capitalization of $513.34 million, a price-to-earnings ratio of 5.82 and a beta of -0.20. American Integrity Insurance Group, Inc. has a 1 year low of $16.19 and a 1 year high of $26.56.

American Integrity Insurance Group (NYSE:AII) last released its quarterly earnings results on Tuesday, August 11th. The company reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $115.17 million during the quarter. On average, analysts anticipate that American Integrity Insurance Group, Inc. will post 3.79 EPS for the current year.

Wall Street Analyst Weigh In

AII has been the topic of a number of recent research reports. Weiss Ratings raised American Integrity Insurance Group from a “sell (d-)” rating to a “sell (d)” rating in a research note on Monday, June 1st. Raymond James Financial set a $27.00 price target on American Integrity Insurance Group in a report on Thursday. Wall Street Zen upgraded American Integrity Insurance Group from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Piper Sandler increased their price objective on American Integrity Insurance Group from $23.00 to $26.00 and gave the company an “overweight” rating in a research note on Thursday, August 13th. Finally, Citizens Jmp lifted their price objective on American Integrity Insurance Group from $25.00 to $26.00 and gave the stock a “market outperform” rating in a research report on Wednesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $26.50.

Hedge Funds Weigh In On American Integrity Insurance Group

Several institutional investors have recently added to or reduced their stakes in the business. FJ Capital Management LLC increased its holdings in shares of American Integrity Insurance Group by 1,261.6% during the 4th quarter. FJ Capital Management LLC now owns 153,491 shares of the company’s stock worth $3,197,000 after buying an additional 142,218 shares during the last quarter. Donald Smith & CO. Inc. acquired a new position in American Integrity Insurance Group in the second quarter valued at $2,192,000. Wasatch Advisors LP boosted its holdings in American Integrity Insurance Group by 38.6% in the first quarter. Wasatch Advisors LP now owns 1,192,192 shares of the company’s stock valued at $22,985,000 after acquiring an additional 331,766 shares during the last quarter. Pacific Ridge Capital Partners LLC grew its position in American Integrity Insurance Group by 24.0% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 310,325 shares of the company’s stock valued at $6,464,000 after acquiring an additional 60,072 shares during the period. Finally, Lazard Asset Management LLC acquired a new stake in American Integrity Insurance Group during the first quarter worth about $443,000.

About American Integrity Insurance Group

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.