American Integrity Insurance Group (NYSE:AII) Major Shareholder James Sowell Sells 295,037 Shares of Stock

American Integrity Insurance Group, Inc. (NYSE:AII) major shareholder James 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 transaction of $5,605,703.00. Following the completion of the transaction, the insider directly owned 4,473,824 shares of the company’s stock, valued at $85,002,656. This represents a 6.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

American Integrity Insurance Group Trading Down 4.0%

NYSE:AII opened at $19.79 on Friday. The stock has a fifty day moving average price of $22.81 and a 200 day moving average price of $19.82. American Integrity Insurance Group, Inc. has a 12-month low of $15.77 and a 12-month high of $26.36. The firm has a market cap of $387.47 million and a PE ratio of 4.40.

American Integrity Insurance Group (NYSE:AII) last announced its quarterly earnings data on Wednesday, November 12th. The company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.10. The business had revenue of $62.03 million during the quarter. American Integrity Insurance Group had a return on equity of 37.99% and a net margin of 31.63%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of AII. FNY Investment Advisers LLC acquired a new stake in shares of American Integrity Insurance Group during the second quarter worth $45,000. Emerald Advisers LLC purchased a new position in American Integrity Insurance Group during the 2nd quarter worth $653,000. Emerald Mutual Fund Advisers Trust purchased a new position in American Integrity Insurance Group during the 2nd quarter worth $4,037,000. Boston Partners acquired a new stake in shares of American Integrity Insurance Group in the 2nd quarter worth $4,790,000. Finally, Geode Capital Management LLC purchased a new stake in shares of American Integrity Insurance Group in the second quarter valued at about $1,382,000.

Analyst Ratings Changes

AII has been the topic of a number of analyst reports. 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 research note on Monday, November 17th. Keefe, Bruyette & Woods boosted 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. Piper Sandler boosted their price target on shares of American Integrity Insurance Group from $22.00 to $27.00 and gave the company an “overweight” rating in a research report on Monday, October 6th. JMP Securities upped their target price on American Integrity Insurance Group from $23.00 to $26.00 and gave the company a “market outperform” rating in a research report on Tuesday, October 14th. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $24.00 price objective (up previously from $22.00) on shares of American Integrity Insurance Group in a research note on Monday, September 22nd. Seven investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $26.80.

About American Integrity Insurance Group

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.