50,000 Shares in American Integrity Insurance Group, Inc. $AII Bought by Seven Grand Managers LLC

Seven Grand Managers LLC bought a new stake in American Integrity Insurance Group, Inc. (NYSE:AII) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 50,000 shares of the company’s stock, valued at approximately $920,000.

Several other institutional investors have also modified their holdings of the company. Boston Partners acquired a new stake in shares of American Integrity Insurance Group in the 2nd quarter worth about $6,414,000. Emerald Advisers LLC bought a new position in American Integrity Insurance Group in the 2nd quarter worth about $653,000. Emerald Mutual Fund Advisers Trust bought a new position in American Integrity Insurance Group in the 2nd quarter worth about $4,037,000. FNY Investment Advisers LLC acquired a new stake in shares of American Integrity Insurance Group in the second quarter valued at approximately $45,000. Finally, Geode Capital Management LLC bought a new stake in shares of American Integrity Insurance Group during the second quarter valued at approximately $1,382,000.

American Integrity Insurance Group Stock Down 2.2%

AII opened at $20.67 on Tuesday. The company has a market cap of $404.72 million and a P/E ratio of 4.59. The stock has a fifty day moving average price of $22.92. American Integrity Insurance Group, Inc. has a one year low of $15.77 and a one year high of $26.36.

American Integrity Insurance Group (NYSE:AII) last released its earnings results on Wednesday, November 12th. The company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.10. American Integrity Insurance Group had a return on equity of 37.99% and a net margin of 31.63%.The firm had revenue of $62.03 million for the quarter.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on AII shares. JMP Securities increased their price objective on American Integrity Insurance Group from $23.00 to $26.00 and gave the stock a “market outperform” rating in a report on Tuesday, October 14th. Citigroup reiterated an “outperform” rating on shares of American Integrity Insurance Group in a research report on Tuesday, October 14th. Citizens Jmp raised their price target on American Integrity Insurance Group from $26.00 to $28.00 and gave the company a “market outperform” rating in a report on Monday, November 17th. Weiss Ratings restated a “sell (e+)” rating on shares of American Integrity Insurance Group in a research note on Wednesday, October 8th. Finally, Piper Sandler raised their target price on shares of American Integrity Insurance Group from $22.00 to $27.00 and gave the company an “overweight” rating in a research note on Monday, October 6th. Seven equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $26.80.

Insider Transactions at American Integrity Insurance Group

In related news, Director Steven E. Smathers sold 171,800 shares of the business’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $19.00, for a total value of $3,264,200.00. Following the sale, the director directly owned 173,414 shares in the company, valued at $3,294,866. The trade was a 49.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Robert C. Ritchie sold 475,000 shares of the firm’s stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $19.00, for a total transaction of $9,025,000.00. Following the sale, the chief executive officer owned 2,454,500 shares of the company’s stock, valued at $46,635,500. The trade was a 16.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 3,000,000 shares of company stock valued at $57,000,000 in the last quarter.

American Integrity Insurance Group Company Profile

We are a profitable and growing insurance group headquartered in Tampa, Florida. Through our insurance carrier subsidiary, American Integrity Insurance Company of Florida, Inc (“AIICFL”), we provide personal residential property insurance for single-family homeowners and condominium owners as well as coverage for vacant dwellings and investment properties, predominantly in Florida.