American Integrity Insurance Group (NYSE:AII) Stock: Insider Robert Ritchie Sells 26,436 Shares

American Integrity Insurance Group, Inc. (NYSE:AII) CEO Robert Ritchie sold 26,436 shares of the company’s stock in a transaction on Wednesday, October 14th. The stock was sold at an average price of $27.23, for a total value of $719,852.28. Following the sale, the chief executive officer directly owned 1,733,997 shares in the company, valued at $47,216,738.31. This represents a 1.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

American Integrity Insurance Group Price Performance

Shares of NYSE AII traded up $0.11 during mid-day trading on Thursday, hitting $27.66. The company had a trading volume of 233,302 shares, compared to its average volume of 147,079. The company has a market capitalization of $542.00 million, a PE ratio of 6.15 and a beta of 0.02. The business’s 50-day simple moving average is $25.38 and its 200 day simple moving average is $20.86. American Integrity Insurance Group, Inc. has a 1-year low of $16.19 and a 1-year high of $28.25.

American Integrity Insurance Group (NYSE:AII) last released its earnings results on Tuesday, August 11th. The company reported $1.78 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 firm had revenue of $115.17 million during the quarter. On average, analysts expect that American Integrity Insurance Group, Inc. will post 4.02 EPS for the current year.

Analysts Set New Price Targets

AII has been the subject of a number of analyst reports. 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 report on Thursday, August 13th. Zacks Research upgraded shares of American Integrity Insurance Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 17th. Keefe, Bruyette & Woods raised their target price on shares of American Integrity Insurance Group from $29.00 to $31.00 and gave the company an “outperform” rating in a report on Monday. Citigroup reiterated an “outperform” rating on shares of American Integrity Insurance Group in a research note on Monday. Finally, Citizens Jmp boosted their price target on shares of American Integrity Insurance Group from $26.00 to $29.00 and gave the stock a “market outperform” rating in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $28.25.

Institutional Investors Weigh In On American Integrity Insurance Group

Several institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC boosted its holdings in American Integrity Insurance Group by 9,544.4% in the third quarter. GAMMA Investing LLC now owns 1,736 shares of the company’s stock valued at $43,000 after purchasing an additional 1,718 shares in the last quarter. Hsbc Holdings PLC raised its holdings in American Integrity Insurance Group by 88.5% during the second quarter. Hsbc Holdings PLC now owns 22,949 shares of the company’s stock worth $439,000 after purchasing an additional 10,775 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in American Integrity Insurance Group during the second quarter worth approximately $272,000. Bank of America Corp DE purchased a new stake in shares of American Integrity Insurance Group during the 2nd quarter worth approximately $3,942,000. Finally, Freestone Grove Partners LP purchased a new stake in shares of American Integrity Insurance Group during the 2nd quarter worth approximately $9,251,000.

American Integrity Insurance Group Company Profile

American Integrity Insurance Group, Inc is an insurance company focused on residential property coverage in catastrophe-exposed markets. Through its insurance subsidiaries, the company primarily serves homeowners and other residential policyholders, with an emphasis on providing protection against risks such as wind, hurricanes and other property-related losses.

Its product offerings include homeowners insurance and related personal-lines products for owner-occupied residences, condominium unit owners, renters and other residential properties.