American Integrity Insurance Group (NYSE:AII) CEO Robert Ritchie Sells 10,000 Shares

American Integrity Insurance Group, Inc. (NYSE:AII) CEO Robert Ritchie sold 10,000 shares of the business’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $26.35, for a total value of $263,500.00. Following the sale, the chief executive officer owned 1,899,171 shares of the company’s stock, valued at approximately $50,043,155.85. This represents a 0.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

American Integrity Insurance Group Stock Down 0.1%

Shares of NYSE:AII opened at $26.26 on Friday. 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, Inc. has a twelve month low of $16.19 and a twelve month high of $27.00. The stock has a market capitalization of $514.43 million, a PE ratio of 5.84 and a beta of -0.20.

American Integrity Insurance Group (NYSE:AII) last announced its earnings results 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. Analysts expect that American Integrity Insurance Group, Inc. will post 3.79 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on AII. Citigroup reissued an “outperform” rating on shares of American Integrity Insurance Group in a research report on Wednesday, August 12th. Wall Street Zen upgraded American Integrity Insurance Group from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Zacks Research raised American Integrity Insurance Group from a “hold” rating to a “strong-buy” rating in a report on Monday, August 17th. Piper Sandler upped their price target 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. Finally, Citizens Jmp raised their price objective on American Integrity Insurance Group from $25.00 to $26.00 and gave the stock a “market outperform” rating in a research note on Wednesday, August 12th. One research 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 MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $26.50.

Hedge Funds Weigh In On American Integrity Insurance Group

A number of hedge funds have recently modified their holdings of the company. California State Teachers Retirement System raised its position in shares of American Integrity Insurance Group by 375.8% during 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 during the period. Hsbc Holdings PLC lifted its stake in shares of American Integrity Insurance Group by 88.5% during the 2nd quarter. Hsbc Holdings PLC now owns 22,949 shares of the company’s stock valued at $439,000 after buying an additional 10,775 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in American Integrity Insurance Group in the 2nd quarter worth $272,000. Bank of America Corp DE purchased a new stake in American Integrity Insurance Group in the 2nd quarter worth $3,942,000. Finally, Freestone Grove Partners LP purchased a new stake in American Integrity Insurance Group in the 2nd quarter worth $9,251,000.

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.