American Integrity Insurance Group (NYSE:AII) CEO Robert Ritchie Sells 30,000 Shares of Stock

American Integrity Insurance Group, Inc. (NYSE:AII) CEO Robert Ritchie sold 30,000 shares of the firm’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $20.85, for a total value of $625,500.00. Following the sale, the chief executive officer directly owned 2,370,997 shares of the company’s stock, valued at $49,435,287.45. This represents a 1.25% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

American Integrity Insurance Group Price Performance

NYSE:AII opened at $20.79 on Thursday. American Integrity Insurance Group, Inc. has a one year low of $16.19 and a one year high of $26.36. The company has a market cap of $407.32 million, a P/E ratio of 4.75 and a beta of -0.20. The firm’s fifty day moving average price is $18.26 and its two-hundred day moving average price is $18.57.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on AII shares. Citizens Jmp reduced 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 report on Wednesday, May 13th. Citigroup restated an “outperform” rating on shares of American Integrity Insurance Group in a research note on Wednesday, May 13th. Weiss Ratings raised American Integrity Insurance Group from a “sell (d-)” rating to a “sell (d)” rating in a report on Monday, June 1st. Finally, Piper Sandler increased their price objective on American Integrity Insurance Group from $20.00 to $23.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 15th. Five research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $25.75.

Institutional Trading of American Integrity Insurance Group

A number of institutional investors have recently bought and sold shares of the business. Franklin Resources Inc. increased its holdings 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 worth $66,670,000 after purchasing an additional 2,834,289 shares during the period. Wasatch Advisors LP bought a new stake in shares of American Integrity Insurance Group in the second quarter valued at approximately $16,073,000. Boston Partners boosted its stake in shares of 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 buying an additional 741,002 shares during the period. Balyasny Asset Management L.P. acquired a new stake in American Integrity Insurance Group during the second quarter worth approximately $10,409,000. Finally, The Manufacturers Life Insurance Company acquired a new position in American Integrity Insurance Group in the 2nd quarter valued at $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.