American Integrity Insurance Group (NYSE:AII) Major Shareholder Acquires $1,339,524.45 in Stock

American Integrity Insurance Group, Inc. (NYSE:AII) major shareholder James Sowell bought 79,497 shares of the stock in a transaction on Tuesday, June 9th. The shares were bought at an average cost of $16.85 per share, for a total transaction of $1,339,524.45. Following the purchase, the insider owned 4,610,180 shares in the company, valued at $77,681,533. This trade represents a 1.75% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

American Integrity Insurance Group Stock Down 1.0%

NYSE AII traded down $0.17 on Thursday, reaching $16.83. 94,521 shares of the stock traded hands, compared to its average volume of 124,116. The firm’s fifty day simple moving average is $18.19 and its 200 day simple moving average is $19.03. American Integrity Insurance Group, Inc. has a 12 month low of $15.77 and a 12 month high of $26.36. The company has a market cap of $329.70 million and a price-to-earnings ratio of 3.84.

American Integrity Insurance Group (NYSE:AII) last issued its quarterly earnings results on Tuesday, May 12th. The company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.94 by $0.09. American Integrity Insurance Group had a net margin of 27.56% and a return on equity of 27.04%. The firm had revenue of $90.93 million for the quarter. As a group, equities research analysts forecast that American Integrity Insurance Group, Inc. will post 2.73 EPS for the current fiscal year.

Institutional Investors Weigh In On American Integrity Insurance Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AII. Pacific Ridge Capital Partners LLC raised its stake in shares of American Integrity Insurance Group by 27.3% in the 3rd quarter. Pacific Ridge Capital Partners LLC now owns 250,253 shares of the company’s stock valued at $5,583,000 after acquiring an additional 53,713 shares in the last quarter. Mink Brook Asset Management LLC raised its stake in American Integrity Insurance Group by 12.2% during the 3rd quarter. Mink Brook Asset Management LLC now owns 478,473 shares of the company’s stock valued at $10,675,000 after purchasing an additional 51,933 shares during the last quarter. Emerald Advisers LLC grew its position in American Integrity Insurance Group by 23.7% during the first quarter. Emerald Advisers LLC now owns 39,127 shares of the company’s stock worth $754,000 after buying an additional 7,506 shares in the last quarter. Hsbc Holdings PLC acquired a new stake in shares of American Integrity Insurance Group during the 1st quarter worth approximately $239,000. Finally, Strs Ohio increased its holdings in American Integrity Insurance Group by 111.7% in the 1st quarter. Strs Ohio now owns 29,000 shares of the company’s stock valued at $559,000 after buying an additional 15,300 shares during the period.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on AII. Keefe, Bruyette & Woods dropped their target price on shares of American Integrity Insurance Group from $28.00 to $27.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 7th. Citigroup reaffirmed an “outperform” rating on shares of American Integrity Insurance Group in a research note on Wednesday, May 13th. Weiss Ratings upgraded shares of American Integrity Insurance Group from a “sell (d-)” rating to a “sell (d)” rating in a research report on Monday, June 1st. Finally, Citizens Jmp reduced their target price on American Integrity Insurance Group from $28.00 to $25.00 and set a “market outperform” rating for the company in a report on Wednesday, May 13th. Five analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, American Integrity Insurance Group presently has a consensus rating of “Moderate Buy” and an average price target of $26.75.

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.