American Integrity Insurance Group (NYSE:AII) CEO Robert Ritchie Sells 24,614 Shares

American Integrity Insurance Group, Inc. (NYSE:AII) CEO Robert Ritchie sold 24,614 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $25.68, for a total value of $632,087.52. Following the transaction, the chief executive officer owned 2,073,997 shares in the company, valued at $53,260,242.96. The trade was a 1.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

American Integrity Insurance Group Price Performance

American Integrity Insurance Group stock opened at $26.20 on Tuesday. The stock’s 50 day moving average price is $20.02 and its 200 day moving average price is $19.00. American Integrity Insurance Group, Inc. has a 1-year low of $16.19 and a 1-year high of $26.56. The company has a market cap of $513.26 million, a PE ratio of 5.82 and a beta of -0.20.

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

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Citizens Jmp increased 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. Citigroup restated an “outperform” rating on shares of American Integrity Insurance Group in a report on Wednesday, August 12th. Raymond James Financial set a $27.00 price objective on American Integrity Insurance Group in a report on Thursday. Weiss Ratings upgraded American Integrity Insurance Group from a “sell (d-)” rating to a “sell (d)” rating in a research report on Monday, June 1st. Finally, Piper Sandler lifted their price target on American Integrity Insurance Group from $23.00 to $26.00 and gave the stock an “overweight” rating in a research note on Thursday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $26.50.

Institutional Investors Weigh In On American Integrity Insurance Group

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. NewEdge Advisors LLC purchased a new position in American Integrity Insurance Group during the fourth quarter worth $33,000. New York State Common Retirement Fund purchased a new stake in American Integrity Insurance Group during the 4th quarter worth about $42,000. Police & Firemen s Retirement System of New Jersey raised its stake in American Integrity Insurance Group by 172.7% in the 4th quarter. Police & Firemen s Retirement System of New Jersey now owns 2,446 shares of the company’s stock valued at $51,000 after purchasing an additional 1,549 shares during the last quarter. California State Teachers Retirement System lifted its holdings in American Integrity Insurance Group by 375.8% in the 2nd quarter. California State Teachers Retirement System now owns 3,145 shares of the company’s stock valued at $59,000 after purchasing an additional 2,484 shares in the last quarter. Finally, JPMorgan Chase & Co. acquired a new stake in shares of American Integrity Insurance Group during the 3rd quarter worth about $72,000.

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.