American Integrity Insurance Group (NYSE:AII) CEO Sells $120,176.00 in Stock

American Integrity Insurance Group, Inc. (NYSE:AII) CEO Robert Ritchie sold 5,800 shares of the firm’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $20.72, for a total value of $120,176.00. Following the completion of the transaction, the chief executive officer owned 2,315,273 shares in the company, valued at approximately $47,972,456.56. This represents a 0.25% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

American Integrity Insurance Group Stock Down 0.1%

Shares of AII stock opened at $23.97 on Friday. The firm has a market cap of $469.55 million, a price-to-earnings ratio of 5.33 and a beta of -0.20. American Integrity Insurance Group, Inc. has a 12 month low of $16.19 and a 12 month high of $26.36. The stock has a 50-day moving average price of $19.01 and a 200 day moving average price of $18.72.

American Integrity Insurance Group (NYSE:AII) last released its earnings results on Tuesday, August 11th. The company reported $1.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.97. The company had revenue of $115.17 million for the quarter. American Integrity Insurance Group had a net margin of 26.20% and a return on equity of 27.56%. Sell-side analysts predict that American Integrity Insurance Group, Inc. will post 2.73 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of AII. SG Americas Securities LLC increased its stake in American Integrity Insurance Group by 6.6% in the fourth quarter. SG Americas Securities LLC now owns 12,929 shares of the company’s stock valued at $269,000 after purchasing an additional 796 shares in the last quarter. Police & Firemen s Retirement System of New Jersey boosted its position in shares of American Integrity Insurance Group by 172.7% during the fourth quarter. Police & Firemen s Retirement System of New Jersey now owns 2,446 shares of the company’s stock worth $51,000 after purchasing an additional 1,549 shares in the last quarter. NewEdge Advisors LLC bought a new position in shares of American Integrity Insurance Group during the fourth quarter worth $33,000. New York State Common Retirement Fund acquired a new position in shares of American Integrity Insurance Group in the 4th quarter valued at $42,000. Finally, Bank of America Corp DE grew its holdings in shares of American Integrity Insurance Group by 0.8% in the 1st quarter. Bank of America Corp DE now owns 293,443 shares of the company’s stock valued at $5,658,000 after buying an additional 2,193 shares during the period.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on AII shares. Weiss Ratings upgraded shares of American Integrity Insurance Group from a “sell (d-)” rating to a “sell (d)” rating in a report on Monday, June 1st. Wall Street Zen upgraded shares of American Integrity Insurance Group from a “hold” rating to a “buy” rating in a research report on Saturday. Citigroup reissued an “outperform” rating on shares of American Integrity Insurance Group in a research note on Wednesday. Piper Sandler lifted their price objective on American Integrity Insurance Group from $23.00 to $26.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, Citizens Jmp upped their price objective on American Integrity Insurance Group from $25.00 to $26.00 and gave the company a “market outperform” rating in a report on Wednesday. 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 currently has an average rating of “Moderate Buy” and a consensus price target of $26.75.

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.