Federated Hermes Inc. Sells 375,114 Shares of American Integrity Insurance Group, Inc. $AII

Federated Hermes Inc. trimmed its position in shares of American Integrity Insurance Group, Inc. (NYSE:AII) by 95.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,220 shares of the company’s stock after selling 375,114 shares during the period. Federated Hermes Inc.’s holdings in American Integrity Insurance Group were worth $406,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Wasatch Advisors LP acquired a new position in shares of American Integrity Insurance Group in the second quarter valued at $16,073,000. Balyasny Asset Management L.P. acquired a new position in shares of American Integrity Insurance Group in the 2nd quarter valued at $10,409,000. Mink Brook Asset Management LLC bought a new position in shares of American Integrity Insurance Group during the 2nd quarter worth about $7,844,000. The Manufacturers Life Insurance Company acquired a new stake in shares of American Integrity Insurance Group during the 2nd quarter valued at about $7,356,000. Finally, Boston Partners acquired a new stake in shares of American Integrity Insurance Group during the 2nd quarter valued at about $6,414,000.

American Integrity Insurance Group Stock Performance

American Integrity Insurance Group stock opened at $18.30 on Monday. The firm has a market cap of $358.26 million and a P/E ratio of 4.07. American Integrity Insurance Group, Inc. has a 52 week low of $15.77 and a 52 week high of $26.36. The business’s fifty day moving average is $19.73 and its two-hundred day moving average is $20.65.

American Integrity Insurance Group (NYSE:AII) last issued its earnings results on Wednesday, November 12th. The company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.10. American Integrity Insurance Group had a return on equity of 37.99% and a net margin of 31.63%.The firm had revenue of $62.03 million for the quarter.

Insiders Place Their Bets

In related news, CEO Robert C. Ritchie sold 475,000 shares of the business’s stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $19.00, for a total value of $9,025,000.00. Following the completion of the transaction, the chief executive officer directly owned 2,454,500 shares in the company, valued at approximately $46,635,500. The trade was a 16.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Steven E. Smathers sold 171,800 shares of the company’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $19.00, for a total transaction of $3,264,200.00. Following the completion of the transaction, the director owned 173,414 shares of the company’s stock, valued at $3,294,866. This trade represents a 49.77% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 3,354,591 shares of company stock worth $63,737,229.

Analyst Ratings Changes

Several research analysts recently issued reports on AII shares. Raymond James Financial set a $28.00 price target on shares of American Integrity Insurance Group in a research note on Friday, January 16th. Citizens Jmp raised their target price on American Integrity Insurance Group from $26.00 to $28.00 and gave the stock a “market outperform” rating in a research report on Monday, November 17th. Keefe, Bruyette & Woods upped their price target on American Integrity Insurance Group from $26.00 to $29.00 and gave the company an “outperform” rating in a research report on Tuesday, November 18th. JMP Securities lifted their price objective on American Integrity Insurance Group from $23.00 to $26.00 and gave the company a “market outperform” rating in a report on Tuesday, October 14th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of American Integrity Insurance Group in a report on Wednesday, January 21st. Seven research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $27.60.

American Integrity Insurance Group 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.