American Integrity Insurance Group (NYSE:AII) CEO Sells 45,461 Shares

American Integrity Insurance Group, Inc. (NYSE:AII) CEO Robert Ritchie sold 45,461 shares of American Integrity Insurance Group stock in a transaction on Monday, August 24th. The stock was sold at an average price of $26.30, for a total transaction of $1,195,624.30. Following the sale, the chief executive officer owned 2,028,536 shares in the company, valued at $53,350,496.80. This represents a 2.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

American Integrity Insurance Group Stock Up 1.1%

AII traded up $0.30 during midday trading on Wednesday, reaching $26.64. 275,276 shares of the company’s stock were exchanged, compared to its average volume of 133,316. The firm has a market capitalization of $521.88 million, a price-to-earnings ratio of 5.92 and a beta of -0.20. American Integrity Insurance Group, Inc. has a one year low of $16.19 and a one year high of $27.00. The business has a 50-day simple moving average of $20.21 and a two-hundred day simple moving average of $19.06.

American Integrity Insurance Group (NYSE:AII) last released its quarterly earnings data 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. The company had revenue of $115.17 million for 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 anticipate that American Integrity Insurance Group, Inc. will post 3.79 EPS for the current fiscal year.

Institutional Investors Weigh In On American Integrity Insurance Group

Institutional investors and hedge funds have recently modified their holdings of the business. Franklin Resources Inc. grew its stake in shares of American Integrity Insurance Group by 1,840.0% during the third quarter. Franklin Resources Inc. now owns 2,988,329 shares of the company’s stock worth $66,670,000 after purchasing an additional 2,834,289 shares during the period. BlackRock Inc. acquired a new position in American Integrity Insurance Group in the second quarter valued at about $16,723,000. Wasatch Advisors LP acquired a new position in American Integrity Insurance Group in the second quarter valued at about $16,073,000. Boston Partners lifted its stake in American Integrity Insurance Group by 212.5% in the third quarter. Boston Partners now owns 1,089,780 shares of the company’s stock valued at $24,316,000 after buying an additional 741,002 shares during the period. Finally, Balyasny Asset Management L.P. bought a new position in American Integrity Insurance Group during the second quarter worth about $10,409,000.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on AII. Raymond James Financial set a $27.00 target price on American Integrity Insurance Group in a report on Thursday, August 20th. 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 boosted their price objective on American Integrity Insurance Group from $23.00 to $26.00 and gave the stock an “overweight” rating in a research note on Thursday, August 13th. Zacks Research raised American Integrity Insurance Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 17th. Finally, Weiss Ratings upgraded American Integrity Insurance Group from a “sell (d-)” rating to a “sell (d)” rating in a report on Monday, June 1st. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, American Integrity Insurance Group presently has an average rating of “Moderate Buy” and an average target price of $26.50.

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.