American Integrity Insurance Group (NYSE:AII) CEO Robert Ritchie Sells 9,174 Shares

American Integrity Insurance Group, Inc. (NYSE:AII) CEO Robert Ritchie sold 9,174 shares of the 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 approximately $48,833,202.24. This represents a 0.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

American Integrity Insurance Group Stock Up 1.7%

Shares of NYSE AII opened at $26.07 on Thursday. The stock has a market capitalization of $510.79 million, a PE ratio of 5.79 and a beta of -0.08. The firm has a fifty day moving average of $21.25 and a 200-day moving average of $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 issued its earnings results on Tuesday, August 11th. The company reported $1.78 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $115.17 million for the quarter. Equities research analysts expect that American Integrity Insurance Group, Inc. will post 3.82 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on AII. Zacks Research raised shares of American Integrity Insurance Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 17th. Raymond James Financial set a $27.00 price target on shares of American Integrity Insurance Group in a research report on Thursday, August 20th. Weiss Ratings reiterated a “sell (d)” rating on shares of American Integrity Insurance Group in a research note on Thursday, August 27th. Citizens Jmp increased their price objective on shares of American Integrity Insurance Group from $25.00 to $26.00 and gave the stock a “market outperform” rating in a research report on Wednesday, August 12th. Finally, Piper Sandler raised their target price on shares of American Integrity Insurance Group from $23.00 to $26.00 and gave the company an “overweight” rating in a research note on Thursday, August 13th. One investment 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’s stock. Based on data from MarketBeat.com, American Integrity Insurance Group currently has an average rating of “Moderate Buy” and a consensus price target of $26.50.

Institutional Investors Weigh In On American Integrity Insurance Group

A number of large investors have recently modified their holdings of AII. Franklin Resources Inc. raised its holdings in shares of American Integrity Insurance Group by 1,840.0% during the 3rd quarter. Franklin Resources Inc. now owns 2,988,329 shares of the company’s stock valued at $66,670,000 after buying an additional 2,834,289 shares during the period. Wasatch Advisors LP boosted its holdings in American Integrity Insurance Group by 5.7% in the 2nd quarter. Wasatch Advisors LP now owns 1,260,169 shares of the company’s stock worth $23,729,000 after acquiring an additional 67,977 shares during the period. Boston Partners boosted its holdings in American Integrity Insurance Group by 9.3% in the 4th quarter. Boston Partners now owns 1,191,145 shares of the company’s stock worth $24,809,000 after acquiring an additional 101,365 shares during the period. BlackRock Inc. acquired a new stake in American Integrity Insurance Group in the second quarter valued at approximately $16,723,000. Finally, Mink Brook Asset Management LLC grew its position in American Integrity Insurance Group by 35.5% in the fourth quarter. Mink Brook Asset Management LLC now owns 648,405 shares of the company’s stock valued at $13,506,000 after acquiring an additional 169,932 shares in the last quarter.

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.