Robert Ritchie Sells 54,365 Shares of American Integrity Insurance Group (NYSE:AII) Stock

American Integrity Insurance Group, Inc. (NYSE:AII) CEO Robert Ritchie sold 54,365 shares of the company’s stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $26.63, for a total value of $1,447,739.95. Following the transaction, the chief executive officer owned 1,909,171 shares in the company, valued at $50,841,223.73. This trade represents a 2.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

American Integrity Insurance Group Stock Down 0.1%

Shares of AII opened at $26.26 on Friday. American Integrity Insurance Group, Inc. has a fifty-two week low of $16.19 and a fifty-two week high of $27.00. The company has a market cap of $514.43 million, a P/E ratio of 5.84 and a beta of -0.20. The firm’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 posted its quarterly earnings results on Tuesday, August 11th. The company reported $1.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $115.17 million for the quarter. Research analysts forecast that American Integrity Insurance Group, Inc. will post 3.79 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Raymond James Financial set a $27.00 target price on American Integrity Insurance Group in a research note on Thursday, August 20th. Citigroup reiterated an “outperform” rating on shares of American Integrity Insurance Group in a research report on Wednesday, August 12th. Zacks Research raised shares of American Integrity Insurance Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 17th. Citizens Jmp increased their price target 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. Finally, Piper Sandler increased their price objective on American Integrity Insurance Group from $23.00 to $26.00 and gave the stock an “overweight” rating in a research report on Thursday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $26.50.

Institutional Trading of American Integrity Insurance Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. Franklin Resources Inc. lifted its stake in shares of American Integrity Insurance Group by 1,840.0% during the third quarter. Franklin Resources Inc. now owns 2,988,329 shares of the company’s stock valued at $66,670,000 after buying an additional 2,834,289 shares during the period. Wasatch Advisors LP increased its position in American Integrity Insurance Group by 5.7% during the 2nd quarter. Wasatch Advisors LP now owns 1,260,169 shares of the company’s stock worth $23,729,000 after purchasing an additional 67,977 shares in the last quarter. Boston Partners increased its position 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 worth $24,809,000 after acquiring an additional 101,365 shares in the last quarter. BlackRock Inc. acquired a new position in shares of American Integrity Insurance Group during the second quarter worth about $16,723,000. Finally, Mink Brook Asset Management LLC raised its holdings in shares of American Integrity Insurance Group by 35.5% during the 4th quarter. Mink Brook Asset Management LLC now owns 648,405 shares of the company’s stock valued at $13,506,000 after buying an additional 169,932 shares during the period.

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.