Man Group plc Takes $1.31 Million Position in American Integrity Insurance Group, Inc. $AII

Man Group plc acquired a new position in shares of American Integrity Insurance Group, Inc. (NYSE:AII) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 69,496 shares of the company’s stock, valued at approximately $1,309,000. Man Group plc owned approximately 0.35% of American Integrity Insurance Group as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Geode Capital Management LLC purchased a new stake in American Integrity Insurance Group in the 2nd quarter worth approximately $1,382,000. XTX Topco Ltd purchased a new stake in shares of American Integrity Insurance Group in the second quarter worth $192,000. Marshall Wace LLP bought a new stake in American Integrity Insurance Group during the second quarter valued at $2,123,000. Qube Research & Technologies Ltd purchased a new position in American Integrity Insurance Group during the second quarter worth about $292,000. Finally, The Manufacturers Life Insurance Company bought a new position in American Integrity Insurance Group in the 2nd quarter worth about $7,356,000.

Analysts Set New Price Targets

AII has been the topic of several research analyst reports. Wall Street Zen upgraded shares of American Integrity Insurance Group from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Zacks Research raised shares of American Integrity Insurance Group from a “hold” rating to a “strong-buy” rating in a report on Monday, August 17th. Citigroup reaffirmed 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 target on American Integrity Insurance Group in a research report on Thursday, August 20th. Finally, Citizens Jmp increased their price objective on American Integrity Insurance Group from $25.00 to $26.00 and gave the company a “market outperform” rating in a research report on Wednesday, August 12th. 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 company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $26.50.

Insiders Place Their Bets

In related news, CEO Robert C. Ritchie sold 9,174 shares of the firm’s stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $25.92, for a total transaction of $237,790.08. Following the transaction, the chief executive officer directly owned 1,883,997 shares in the company, valued at $48,833,202.24. This trade represents a 0.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In the last three months, insiders bought 136,356 shares of company stock worth $2,301,242 and sold 474,598 shares worth $11,513,818. 16.40% of the stock is owned by corporate insiders.

American Integrity Insurance Group Stock Up 1.7%

Shares of NYSE:AII opened at $26.07 on Thursday. The stock has a market cap of $510.79 million, a PE ratio of 5.79 and a beta of -0.08. The company’s fifty day moving average is $21.25 and its 200 day moving average is $19.40. American Integrity Insurance Group, Inc. has a 52 week low of $16.19 and a 52 week 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.97. The business had revenue of $115.17 million during the quarter. American Integrity Insurance Group had a net margin of 26.20% and a return on equity of 26.74%. Sell-side analysts anticipate that American Integrity Insurance Group, Inc. will post 3.82 EPS for the current year.

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.