Robert Ritchie Sells 10,000 Shares of American Integrity Insurance Group (NYSE:AII) Stock

American Integrity Insurance Group, Inc. (NYSE:AII) CEO Robert Ritchie sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $26.35, for a total transaction of $263,500.00. Following the completion of the transaction, the chief executive officer owned 1,899,171 shares in the company, valued at approximately $50,043,155.85. This represents a 0.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

American Integrity Insurance Group Stock Down 0.1%

AII stock opened at $26.26 on Friday. The company has a 50 day moving average of $20.77 and a two-hundred day moving average of $19.22. The company has a market cap of $514.43 million, a price-to-earnings ratio of 5.84 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 $27.00.

American Integrity Insurance Group (NYSE:AII) last posted its quarterly earnings results on Tuesday, August 11th. The company reported $1.78 EPS for the quarter, beating the consensus estimate of $0.81 by $0.97. American Integrity Insurance Group had a net margin of 26.20% and a return on equity of 26.74%. The business had revenue of $115.17 million for the quarter. On average, research analysts anticipate that American Integrity Insurance Group, Inc. will post 3.79 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on AII. Weiss Ratings raised American Integrity Insurance Group from a “sell (d-)” rating to a “sell (d)” rating in a research report on Monday, June 1st. Zacks Research upgraded American Integrity Insurance Group from a “hold” rating to a “strong-buy” rating in a report on Monday, August 17th. Raymond James Financial set a $27.00 price target on American Integrity Insurance Group in a research note on Thursday, August 20th. Wall Street Zen raised shares of American Integrity Insurance Group from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Finally, Citigroup reiterated an “outperform” rating on shares of American Integrity Insurance Group in a research note on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, American Integrity Insurance Group currently has a consensus rating of “Moderate Buy” and an average price target of $26.50.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Police & Firemen s Retirement System of New Jersey increased its position in 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 acquiring an additional 1,549 shares during the period. NewEdge Advisors LLC acquired a new stake in American Integrity Insurance Group in the 4th quarter worth $33,000. New York State Common Retirement Fund acquired a new stake in American Integrity Insurance Group in the 4th quarter worth $42,000. Bank of America Corp DE increased its holdings in shares of American Integrity Insurance Group by 0.8% during the 1st quarter. Bank of America Corp DE now owns 293,443 shares of the company’s stock worth $5,658,000 after purchasing an additional 2,193 shares during the period. Finally, California State Teachers Retirement System increased its holdings in shares of American Integrity Insurance Group by 375.8% during the 2nd quarter. California State Teachers Retirement System now owns 3,145 shares of the company’s stock worth $59,000 after purchasing an additional 2,484 shares during the period.

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.