American Integrity Insurance Group (NYSE:AII) CEO Sells 50,000 Shares

American Integrity Insurance Group, Inc. (NYSE:AII) CEO Robert Ritchie sold 50,000 shares of the firm’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $23.65, for a total transaction of $1,182,500.00. Following the completion of the sale, the chief executive officer owned 2,227,013 shares in the company, valued at $52,668,857.45. This represents a 2.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

American Integrity Insurance Group Stock Down 0.1%

Shares of NYSE AII traded down $0.03 during trading hours on Friday, hitting $23.97. 193,972 shares of the stock were exchanged, compared to its average volume of 128,244. American Integrity Insurance Group, Inc. has a 12 month low of $16.19 and a 12 month high of $26.36. The firm has a fifty day moving average price of $18.87 and a 200-day moving average price of $18.68. The company has a market cap of $469.55 million, a PE ratio of 5.33 and a beta of -0.20.

American Integrity Insurance Group (NYSE:AII) last announced its earnings results on Tuesday, August 11th. The company reported $1.78 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.97. American Integrity Insurance Group had a net margin of 26.20% and a return on equity of 27.56%. The company had revenue of $115.17 million during the quarter. As a group, equities analysts anticipate that American Integrity Insurance Group, Inc. will post 2.73 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. NewEdge Advisors LLC purchased a new position in shares of American Integrity Insurance Group in the fourth quarter worth $33,000. New York State Common Retirement Fund purchased a new stake in shares of American Integrity Insurance Group during the fourth quarter valued at $42,000. Police & Firemen s Retirement System of New Jersey increased its position in shares of 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 acquiring an additional 1,549 shares during the period. JPMorgan Chase & Co. purchased a new position in American Integrity Insurance Group in the 3rd quarter worth $72,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in American Integrity Insurance Group in the 3rd quarter worth $83,000.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Piper Sandler boosted their target price on American Integrity Insurance Group from $23.00 to $26.00 and gave the stock an “overweight” rating in a research note on Thursday. Citigroup reiterated an “outperform” rating on shares of American Integrity Insurance Group in a research note on Wednesday. Citizens Jmp raised their price target on American Integrity Insurance Group from $25.00 to $26.00 and gave the stock a “market outperform” rating in a report on Wednesday. Finally, 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. Five analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, American Integrity Insurance Group presently has an average rating of “Moderate Buy” and an average price target of $26.75.

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.