Walleye Capital LLC Sells 41,740 Shares of American Integrity Insurance Group, Inc. $AII

Walleye Capital LLC lowered its holdings in American Integrity Insurance Group, Inc. (NYSE:AII) by 28.9% during the 1st quarter, Holdings Channel reports. The firm owned 102,514 shares of the company’s stock after selling 41,740 shares during the period. Walleye Capital LLC’s holdings in American Integrity Insurance Group were worth $1,976,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of AII. FJ Capital Management LLC grew its holdings in American Integrity Insurance Group by 1,261.6% during the 4th quarter. FJ Capital Management LLC now owns 153,491 shares of the company’s stock worth $3,197,000 after acquiring an additional 142,218 shares in the last quarter. Pacific Ridge Capital Partners LLC increased its position in shares of American Integrity Insurance Group by 24.0% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 310,325 shares of the company’s stock worth $6,464,000 after purchasing an additional 60,072 shares during the last quarter. Wasatch Advisors LP raised its stake in shares of American Integrity Insurance Group by 38.6% in the 1st quarter. Wasatch Advisors LP now owns 1,192,192 shares of the company’s stock valued at $22,985,000 after purchasing an additional 331,766 shares in the last quarter. Man Group plc acquired a new stake in shares of American Integrity Insurance Group in the 2nd quarter valued at about $400,000. Finally, Hudson Bay Capital Management LP bought a new position in shares of American Integrity Insurance Group during the second quarter worth about $1,771,000.

Insiders Place Their Bets

In related news, Director Steven E. Smathers purchased 2,900 shares of the company’s stock in a transaction dated Friday, May 22nd. The shares were acquired at an average cost of $16.99 per share, for a total transaction of $49,271.00. Following the transaction, the director owned 177,827 shares of the company’s stock, valued at $3,021,280.73. This trade represents a 1.66% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Steven B. Mathis purchased 3,000 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were bought at an average price of $16.82 per share, for a total transaction of $50,460.00. Following the completion of the transaction, the director directly owned 6,126 shares in the company, valued at approximately $103,039.32. This trade represents a 95.97% increase in their position. The SEC filing for this purchase provides additional information. Insiders have acquired 142,256 shares of company stock valued at $2,400,973 over the last quarter. Insiders own 16.40% of the company’s stock.

American Integrity Insurance Group Stock Performance

American Integrity Insurance Group stock opened at $17.88 on Friday. The firm’s 50-day moving average is $17.68 and its 200-day moving average is $18.55. American Integrity Insurance Group, Inc. has a 1 year low of $16.19 and a 1 year high of $26.36. The company has a market cap of $350.35 million, a P/E ratio of 4.08 and a beta of -0.14.

American Integrity Insurance Group (NYSE:AII) last announced its quarterly earnings data on Tuesday, May 12th. The company reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.09. The business had revenue of $90.93 million during the quarter. American Integrity Insurance Group had a net margin of 27.56% and a return on equity of 27.04%. As a group, sell-side analysts predict that American Integrity Insurance Group, Inc. will post 2.73 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Piper Sandler lifted their price target on American Integrity Insurance Group from $20.00 to $23.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 15th. Weiss Ratings upgraded American Integrity Insurance Group from a “sell (d-)” rating to a “sell (d)” rating in a research note on Monday, June 1st. Keefe, Bruyette & Woods reduced their target price on American Integrity Insurance Group from $28.00 to $27.00 and set an “outperform” rating on the stock in a report on Tuesday, April 7th. Citizens Jmp decreased their target price on American Integrity Insurance Group from $28.00 to $25.00 and set a “market outperform” rating for the company in a research report on Wednesday, May 13th. Finally, Citigroup reiterated an “outperform” rating on shares of American Integrity Insurance Group in a report on Wednesday, May 13th. Five investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.75.

American Integrity Insurance Group 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.