American Integrity Insurance Group (NYSE:AII) CEO Robert Ritchie Sells 33,000 Shares

American Integrity Insurance Group, Inc. (NYSE:AII) CEO Robert Ritchie sold 33,000 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $20.68, for a total value of $682,440.00. Following the completion of the transaction, the chief executive officer directly owned 2,400,997 shares of the company’s stock, valued at $49,652,617.96. The trade was a 1.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

American Integrity Insurance Group Trading Down 0.6%

American Integrity Insurance Group stock opened at $20.79 on Thursday. The firm has a market cap of $407.32 million, a PE ratio of 4.75 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 $26.36. The stock’s 50 day simple moving average is $18.26 and its two-hundred day simple moving average is $18.57.

American Integrity Insurance Group (NYSE:AII) last posted its earnings results on Tuesday, May 12th. The company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.09. American Integrity Insurance Group had a net margin of 27.56% and a return on equity of 27.04%. The firm had revenue of $90.93 million during the quarter. On average, equities research analysts forecast that American Integrity Insurance Group, Inc. will post 2.73 EPS for the current year.

Institutional Investors Weigh In On American Integrity Insurance Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in AII. NewEdge Advisors LLC purchased a new position in American Integrity Insurance Group during the fourth quarter valued at $33,000. New York State Common Retirement Fund acquired a new position in shares of American Integrity Insurance Group during the 4th quarter worth about $42,000. Police & Firemen s Retirement System of New Jersey raised its position in shares of American Integrity Insurance Group by 172.7% during the 4th quarter. Police & Firemen s Retirement System of New Jersey now owns 2,446 shares of the company’s stock worth $51,000 after purchasing an additional 1,549 shares during the last quarter. JPMorgan Chase & Co. purchased a new position in American Integrity Insurance Group in the 3rd quarter valued at about $72,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in American Integrity Insurance Group in the 3rd quarter worth about $83,000.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on AII shares. Weiss Ratings upgraded shares of American Integrity Insurance Group from a “sell (d-)” rating to a “sell (d)” rating in a research report on Monday, June 1st. Citigroup restated an “outperform” rating on shares of American Integrity Insurance Group in a research report on Wednesday, May 13th. Piper Sandler lifted their price target on American Integrity Insurance Group from $20.00 to $23.00 and gave the company an “overweight” rating in a research note on Wednesday, July 15th. Finally, Citizens Jmp lowered their price target on American Integrity Insurance Group from $28.00 to $25.00 and set a “market outperform” rating on the stock in a research report on Wednesday, May 13th. Five research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $25.75.

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.