American Integrity Insurance Group (NYSE:AII) CEO Robert Ritchie Sells 54,365 Shares of Stock

American Integrity Insurance Group, Inc. (NYSE:AII) CEO Robert Ritchie sold 54,365 shares of the firm’s stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $26.63, for a total value of $1,447,739.95. Following the completion of the sale, the chief executive officer directly owned 1,909,171 shares in the company, valued at approximately $50,841,223.73. The trade was a 2.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

American Integrity Insurance Group Stock Down 0.1%

AII opened at $26.26 on Friday. The firm’s fifty day simple moving average is $20.77 and its two-hundred day simple moving average is $19.22. American Integrity Insurance Group, Inc. has a 52-week low of $16.19 and a 52-week high of $27.00. The company has a market cap of $514.43 million, a price-to-earnings ratio of 5.84 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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.97. The firm 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%. On average, research analysts forecast that American Integrity Insurance Group, Inc. will post 3.79 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on AII shares. Piper Sandler increased their price target on American Integrity Insurance Group from $23.00 to $26.00 and gave the stock an “overweight” rating in a report on Thursday, August 13th. Wall Street Zen upgraded shares of American Integrity Insurance Group from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Citizens Jmp upped their target price on shares of American Integrity Insurance Group from $25.00 to $26.00 and gave the company a “market outperform” rating in a research report on Wednesday, August 12th. Raymond James Financial set a $27.00 target price on shares of American Integrity Insurance Group in a research note on Thursday, August 20th. Finally, Citigroup reiterated an “outperform” rating on shares of American Integrity Insurance Group in a research report on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $26.50.

Institutional Investors Weigh In On American Integrity Insurance Group

Several large investors have recently bought and sold shares of the stock. FJ Capital Management LLC boosted its position 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 acquiring an additional 142,218 shares in the last quarter. Donald Smith & CO. Inc. purchased a new position in shares of American Integrity Insurance Group in the 2nd quarter valued at about $2,192,000. Wasatch Advisors LP raised its position in shares of American Integrity Insurance Group by 5.7% during 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 in the last quarter. Pacific Ridge Capital Partners LLC lifted its stake 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 worth $6,464,000 after purchasing an additional 60,072 shares during the last quarter. Finally, Freestone Grove Partners LP acquired a new position in American Integrity Insurance Group in the second quarter valued at approximately $9,251,000.

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.