American Integrity Insurance Group (NYSE:AII) CEO Sells $1,195,624.30 in Stock

American Integrity Insurance Group, Inc. (NYSE:AII) CEO Robert Ritchie sold 45,461 shares of the business’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $26.30, for a total transaction of $1,195,624.30. Following the sale, the chief executive officer directly owned 2,028,536 shares of the company’s stock, valued at $53,350,496.80. This represents a 2.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

American Integrity Insurance Group Price Performance

Shares of NYSE:AII opened at $26.26 on Friday. American Integrity Insurance Group, Inc. has a 1 year low of $16.19 and a 1 year high of $27.00. The firm has a market capitalization of $514.43 million, a PE ratio of 5.84 and a beta of -0.20. The business’s 50 day moving average price is $20.77 and its 200-day moving average price is $19.22.

American Integrity Insurance Group (NYSE:AII) last announced its quarterly earnings data on Tuesday, August 11th. The company reported $1.78 earnings per share (EPS) 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 26.74%. The company had revenue of $115.17 million during the quarter. As a group, analysts expect that American Integrity Insurance Group, Inc. will post 3.79 earnings per share for the current year.

Institutional Investors Weigh In On American Integrity Insurance Group

A number of hedge funds have recently bought and sold shares of AII. Police & Firemen s Retirement System of New Jersey grew its position in shares of American Integrity Insurance Group by 172.7% during the fourth quarter. Police & Firemen s Retirement System of New Jersey now owns 2,446 shares of the company’s stock worth $51,000 after buying an additional 1,549 shares in the last quarter. NewEdge Advisors LLC acquired a new stake in American Integrity Insurance Group in the fourth quarter valued at approximately $33,000. New York State Common Retirement Fund acquired a new stake in American Integrity Insurance Group in the fourth quarter valued at approximately $42,000. Bank of America Corp DE lifted its stake in American Integrity Insurance Group by 0.8% in the first quarter. Bank of America Corp DE now owns 293,443 shares of the company’s stock worth $5,658,000 after acquiring an additional 2,193 shares during the last quarter. Finally, California State Teachers Retirement System lifted its stake in American Integrity Insurance Group by 375.8% in the second quarter. California State Teachers Retirement System now owns 3,145 shares of the company’s stock worth $59,000 after acquiring an additional 2,484 shares during the last quarter.

Wall Street Analysts Forecast Growth

AII has been the topic of a number of recent analyst reports. Weiss Ratings raised shares of American Integrity Insurance Group from a “sell (d-)” rating to a “sell (d)” rating in a research report on Monday, June 1st. 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. Citizens Jmp upped 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 report on Wednesday, August 12th. Raymond James Financial set a $27.00 price objective on shares of American Integrity Insurance Group in a research report on Thursday, August 20th. Finally, Zacks Research upgraded shares of American Integrity Insurance Group from a “hold” rating to a “strong-buy” rating in a report on Monday, August 17th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $26.50.

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.