American Integrity Insurance Group (NYSE:AII) CEO Robert Ritchie Sells 9,174 Shares of Stock

American Integrity Insurance Group, Inc. (NYSE:AII) CEO Robert Ritchie sold 9,174 shares of American Integrity Insurance Group stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $25.92, for a total transaction of $237,790.08. Following the transaction, the chief executive officer owned 1,883,997 shares of the company’s stock, valued at approximately $48,833,202.24. The trade was a 0.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

American Integrity Insurance Group Trading Up 1.7%

Shares of AII stock traded up $0.42 during trading hours on Wednesday, hitting $26.07. The company’s stock had a trading volume of 124,386 shares, compared to its average volume of 133,707. The business has a fifty day moving average of $21.09 and a 200-day moving average of $19.34. American Integrity Insurance Group, Inc. has a twelve month low of $16.19 and a twelve month high of $27.00. The stock has a market cap of $510.87 million, a price-to-earnings ratio of 5.79 and a beta of -0.09.

American Integrity Insurance Group (NYSE:AII) last posted its 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. The firm had revenue of $115.17 million for the quarter. American Integrity Insurance Group had a return on equity of 26.74% and a net margin of 26.20%. On average, equities analysts expect that American Integrity Insurance Group, Inc. will post 3.82 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have weighed in on AII. Citigroup reiterated an “outperform” rating on shares of American Integrity Insurance Group in a report on Wednesday, August 12th. Weiss Ratings reiterated a “sell (d)” rating on shares of American Integrity Insurance Group in a research report on Thursday, August 27th. Piper Sandler upped their price objective on shares of American Integrity Insurance Group from $23.00 to $26.00 and gave the company an “overweight” rating in a research note on Thursday, August 13th. Raymond James Financial set a $27.00 target price 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 equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $26.50.

Institutional Trading of American Integrity Insurance Group

A number of hedge funds have recently made changes to their positions in the company. NewEdge Advisors LLC purchased a new position in shares of American Integrity Insurance Group in the fourth quarter valued at $33,000. New York State Common Retirement Fund bought a new position in American Integrity Insurance Group during the 4th 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 worth $51,000 after purchasing an additional 1,549 shares during the last quarter. California State Teachers Retirement System raised its stake in shares of American Integrity Insurance Group by 375.8% in the 2nd quarter. California State Teachers Retirement System now owns 3,145 shares of the company’s stock valued at $59,000 after purchasing an additional 2,484 shares in the last quarter. Finally, JPMorgan Chase & Co. acquired a new position in American Integrity Insurance Group in the third quarter worth about $72,000.

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.