American Integrity Insurance Group (NYSE:AII) CEO Robert Ritchie Sells 6,000 Shares of Stock

American Integrity Insurance Group, Inc. (NYSE:AII) CEO Robert Ritchie sold 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $25.24, for a total transaction of $151,440.00. Following the completion of the transaction, the chief executive officer directly owned 2,133,611 shares in the company, valued at approximately $53,852,341.64. The trade was a 0.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

American Integrity Insurance Group Stock Performance

Shares of American Integrity Insurance Group stock opened at $25.34 on Friday. The firm has a fifty day moving average of $19.67 and a two-hundred day moving average of $18.90. The stock has a market capitalization of $496.41 million, a price-to-earnings ratio of 5.63 and a beta of -0.20. American Integrity Insurance Group, Inc. has a 52 week low of $16.19 and a 52 week high of $26.36.

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, 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. As a group, research analysts forecast that American Integrity Insurance Group, Inc. will post 3.54 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Weiss Ratings upgraded American Integrity Insurance Group from a “sell (d-)” rating to a “sell (d)” rating in a research report on Monday, June 1st. Piper Sandler lifted their price objective on shares of American Integrity Insurance Group from $23.00 to $26.00 and gave the stock an “overweight” rating in a research note on Thursday, August 13th. Raymond James Financial set a $27.00 price objective on shares of American Integrity Insurance Group in a report on Thursday. Wall Street Zen raised shares of American Integrity Insurance Group from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. Finally, Citigroup reiterated an “outperform” rating on shares of American Integrity Insurance Group in a report on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, American Integrity Insurance Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $26.50.

Institutional Investors Weigh In On American Integrity Insurance Group

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

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.