Robert Ritchie Sells 65,000 Shares of American Integrity Insurance Group (NYSE:AII) Stock

American Integrity Insurance Group, Inc. (NYSE:AII) CEO Robert Ritchie sold 65,000 shares of the stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $26.29, for a total transaction of $1,708,850.00. Following the sale, the chief executive officer directly owned 1,963,536 shares in the company, valued at $51,621,361.44. This trade represents a 3.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

American Integrity Insurance Group Price Performance

Shares of American Integrity Insurance Group stock opened at $26.26 on Friday. The firm has a 50 day simple moving average of $20.58 and a 200 day simple moving average of $19.17. American Integrity Insurance Group, Inc. has a fifty-two week low of $16.19 and a fifty-two week high of $27.00. The firm has a market cap of $514.51 million, a P/E ratio of 5.84 and a beta of -0.20.

American Integrity Insurance Group (NYSE:AII) last posted its quarterly earnings data 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. 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, sell-side analysts expect that American Integrity Insurance Group, Inc. will post 3.79 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on AII shares. Piper Sandler raised their price target on American Integrity Insurance Group from $23.00 to $26.00 and gave the company an “overweight” rating in a report on Thursday, August 13th. Wall Street Zen raised American Integrity Insurance Group from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Citigroup restated an “outperform” rating on shares of American Integrity Insurance Group 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, Citizens Jmp lifted their price target on shares of 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 investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $26.50.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC acquired a new stake in shares of American Integrity Insurance Group during the second quarter worth $1,382,000. XTX Topco Ltd acquired a new position in American Integrity Insurance Group in the second quarter valued at about $192,000. Marshall Wace LLP bought a new position in American Integrity Insurance Group during the second quarter worth about $2,123,000. Qube Research & Technologies Ltd bought a new position in American Integrity Insurance Group during the second quarter worth about $292,000. Finally, The Manufacturers Life Insurance Company acquired a new position in shares of American Integrity Insurance Group during the 2nd quarter worth about $7,356,000.

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.