American Integrity Insurance Group (NYSE:AII) Major Shareholder James Sowell Acquires 23,231 Shares

American Integrity Insurance Group, Inc. (NYSE:AII) major shareholder James Sowell bought 23,231 shares of American Integrity Insurance Group stock in a transaction dated Friday, June 5th. The shares were bought at an average cost of $16.92 per share, for a total transaction of $393,068.52. Following the completion of the acquisition, the insider owned 4,497,055 shares in the company, valued at $76,090,170.60. This represents a 0.52% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

American Integrity Insurance Group Stock Down 1.0%

Shares of AII traded down $0.17 during trading hours on Thursday, hitting $16.83. 94,521 shares of the company were exchanged, compared to its average volume of 124,116. The company has a market cap of $329.70 million and a price-to-earnings ratio of 3.84. American Integrity Insurance Group, Inc. has a fifty-two week low of $15.77 and a fifty-two week high of $26.36. The firm’s fifty day moving average is $18.19 and its 200 day moving average is $19.03.

American Integrity Insurance Group (NYSE:AII) last released its earnings results on Tuesday, May 12th. The company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.09. The company had revenue of $90.93 million for the quarter. American Integrity Insurance Group had a return on equity of 27.04% and a net margin of 27.56%. Analysts anticipate that American Integrity Insurance Group, Inc. will post 2.73 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on AII. Citigroup restated an “outperform” rating on shares of American Integrity Insurance Group in a research report on Wednesday, May 13th. Keefe, Bruyette & Woods dropped their price objective on American Integrity Insurance Group from $28.00 to $27.00 and set an “outperform” rating for the company in a research report on Tuesday, April 7th. 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. Finally, Citizens Jmp dropped their price objective on American Integrity Insurance Group from $28.00 to $25.00 and set a “market outperform” rating for the company in a research report on Wednesday, May 13th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, American Integrity Insurance Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $26.75.

Hedge Funds Weigh In On American Integrity Insurance Group

Several large investors have recently bought and sold shares of AII. Franklin Resources Inc. raised its position in American Integrity Insurance Group by 1,840.0% in the third quarter. Franklin Resources Inc. now owns 2,988,329 shares of the company’s stock valued at $66,670,000 after purchasing an additional 2,834,289 shares during the last quarter. Wasatch Advisors LP bought a new position in American Integrity Insurance Group in the second quarter valued at about $16,073,000. Boston Partners raised its position in American Integrity Insurance Group by 212.5% in the third quarter. Boston Partners now owns 1,089,780 shares of the company’s stock valued at $24,316,000 after purchasing an additional 741,002 shares during the last quarter. Balyasny Asset Management L.P. bought a new position in American Integrity Insurance Group in the second quarter valued at about $10,409,000. Finally, The Manufacturers Life Insurance Company bought a new position in American Integrity Insurance Group in the second quarter valued at about $7,356,000.

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.