Pacific Ridge Capital Partners LLC Purchases 53,713 Shares of American Integrity Insurance Group, Inc. $AII

Pacific Ridge Capital Partners LLC boosted its position in American Integrity Insurance Group, Inc. (NYSE:AII) by 27.3% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 250,253 shares of the company’s stock after buying an additional 53,713 shares during the period. Pacific Ridge Capital Partners LLC’s holdings in American Integrity Insurance Group were worth $5,583,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Strs Ohio acquired a new stake in shares of American Integrity Insurance Group during the third quarter worth $33,000. JPMorgan Chase & Co. bought a new position in American Integrity Insurance Group during the third quarter worth about $72,000. Raymond James Financial Inc. acquired a new stake in American Integrity Insurance Group in the 2nd quarter worth about $101,000. Rhumbline Advisers bought a new stake in American Integrity Insurance Group in the 3rd quarter valued at about $155,000. Finally, XTX Topco Ltd acquired a new position in shares of American Integrity Insurance Group during the 2nd quarter worth approximately $192,000.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on AII shares. Citizens Jmp lifted their price target on shares of American Integrity Insurance Group from $26.00 to $28.00 and gave the company a “market outperform” rating in a research report on Monday, November 17th. Citigroup reiterated a “market outperform” rating on shares of American Integrity Insurance Group in a research report on Friday, January 16th. Weiss Ratings reissued a “sell (e+)” rating on shares of American Integrity Insurance Group in a report on Wednesday, January 21st. Raymond James Financial set a $28.00 price target on American Integrity Insurance Group in a research note on Friday, January 16th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of American Integrity Insurance Group from $26.00 to $29.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 18th. Six equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $28.00.

Insider Buying and Selling

In other American Integrity Insurance Group news, major shareholder James E. Sowell sold 295,037 shares of the firm’s stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $19.00, for a total value of $5,605,703.00. Following the sale, the insider owned 4,473,824 shares in the company, valued at $85,002,656. This trade represents a 6.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Robert C. Ritchie sold 59,554 shares of the company’s stock in a transaction on Friday, December 5th. The stock was sold at an average price of $19.00, for a total transaction of $1,131,526.00. Following the transaction, the chief executive officer owned 2,417,212 shares of the company’s stock, valued at $45,927,028. This trade represents a 2.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure.

American Integrity Insurance Group Stock Performance

Shares of AII stock opened at $20.05 on Thursday. American Integrity Insurance Group, Inc. has a fifty-two week low of $15.77 and a fifty-two week high of $26.36. The stock’s fifty day moving average price is $19.19 and its two-hundred day moving average price is $20.64. The company has a market cap of $392.58 million and a PE ratio of 3.78.

American Integrity Insurance Group (NYSE:AII) last announced its quarterly earnings data on Tuesday, February 24th. The company reported $1.11 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.32. The business had revenue of $68.08 million during the quarter. American Integrity Insurance Group had a return on equity of 39.25% and a net margin of 36.03%.

American Integrity Insurance Group Dividend Announcement

The business also recently announced a special dividend, which will be paid on Monday, March 30th. Stockholders of record on Monday, March 16th will be issued a $1.02 dividend. The ex-dividend date of this dividend is Monday, March 16th.

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.