Robert Ritchie Sells 12,000 Shares of American Integrity Insurance Group (NYSE:AII) Stock

American Integrity Insurance Group, Inc. (NYSE:AII) CEO Robert Ritchie sold 12,000 shares of American Integrity Insurance Group stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $25.34, for a total value of $304,080.00. Following the transaction, the chief executive officer directly owned 2,139,611 shares in the company, valued at $54,217,742.74. The trade was a 0.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

American Integrity Insurance Group Trading Down 1.1%

NYSE AII opened at $25.27 on Friday. The firm has a market capitalization of $495.04 million, a PE ratio of 5.62 and a beta of -0.20. The business’s 50-day moving average price is $19.83 and its two-hundred day moving average price is $18.95. American Integrity Insurance Group, Inc. has a 12 month low of $16.19 and a 12 month high of $26.41.

American Integrity Insurance Group (NYSE:AII) last issued its quarterly earnings data on Tuesday, August 11th. The company reported $1.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.97. American Integrity Insurance Group had a return on equity of 26.74% and a net margin of 26.20%.The company had revenue of $115.17 million during the quarter. As a group, analysts forecast that American Integrity Insurance Group, Inc. will post 3.54 earnings per share for the current fiscal year.

Institutional Trading of American Integrity Insurance Group

Several large investors have recently modified their holdings of the stock. NewEdge Advisors LLC bought a new stake in shares of American Integrity Insurance Group in the 4th quarter valued at $33,000. New York State Common Retirement Fund acquired a new stake in American Integrity Insurance Group in the fourth quarter worth $42,000. Police & Firemen s Retirement System of New Jersey grew its holdings in American Integrity Insurance Group by 172.7% in 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 during the period. JPMorgan Chase & Co. bought a new stake in American Integrity Insurance Group in the third quarter valued at $72,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in American Integrity Insurance Group in the third quarter valued at $83,000.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Citigroup reaffirmed an “outperform” rating on shares of American Integrity Insurance Group in a research note on Wednesday, August 12th. Weiss Ratings raised shares of American Integrity Insurance Group from a “sell (d-)” rating to a “sell (d)” rating in a research note on Monday, June 1st. Citizens Jmp boosted their target price on shares of American Integrity Insurance Group from $25.00 to $26.00 and gave the company a “market outperform” rating in a report on Wednesday, August 12th. Raymond James Financial set a $27.00 price target on shares of American Integrity Insurance Group in a research report on Thursday. Finally, Zacks Research upgraded American Integrity Insurance Group from a “hold” rating to a “strong-buy” rating in a report on Monday, August 17th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, American Integrity Insurance Group has an average rating of “Moderate Buy” and a consensus target price of $26.50.

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.