American Integrity Insurance Group (NYSE:AII) CEO Sells $682,440.00 in Stock

American Integrity Insurance Group, Inc. (NYSE:AII) CEO Robert Ritchie sold 33,000 shares of American Integrity Insurance Group stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $20.68, for a total value of $682,440.00. Following the completion of the sale, the chief executive officer owned 2,400,997 shares in the company, valued at approximately $49,652,617.96. This trade represents a 1.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

American Integrity Insurance Group Stock Performance

American Integrity Insurance Group stock opened at $20.91 on Friday. American Integrity Insurance Group, Inc. has a fifty-two week low of $16.19 and a fifty-two week high of $26.36. The firm has a market capitalization of $409.53 million, a price-to-earnings ratio of 4.77 and a beta of -0.20. The stock’s fifty day moving average is $18.45 and its two-hundred day moving average is $18.60.

American Integrity Insurance Group (NYSE:AII) last released its quarterly earnings data on Tuesday, May 12th. The company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.94 by $0.09. The business had revenue of $90.93 million for the quarter. American Integrity Insurance Group had a net margin of 27.56% and a return on equity of 27.04%. As a group, sell-side analysts forecast that American Integrity Insurance Group, Inc. will post 2.73 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC lifted its stake in American Integrity Insurance Group by 6.6% during the fourth quarter. SG Americas Securities LLC now owns 12,929 shares of the company’s stock worth $269,000 after purchasing an additional 796 shares during the period. Police & Firemen s Retirement System of New Jersey boosted its stake in 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 valued at $51,000 after buying an additional 1,549 shares in the last quarter. NewEdge Advisors LLC bought a new stake in American Integrity Insurance Group in the fourth quarter valued at $33,000. New York State Common Retirement Fund bought a new stake in American Integrity Insurance Group in the fourth quarter valued at $42,000. Finally, Bank of America Corp DE raised its stake in American Integrity Insurance Group by 0.8% during the first quarter. Bank of America Corp DE now owns 293,443 shares of the company’s stock worth $5,658,000 after acquiring an additional 2,193 shares in the last quarter.

Analyst Ratings Changes

A number of research firms have recently issued reports on AII. Piper Sandler increased their target price on American Integrity Insurance Group from $20.00 to $23.00 and gave the company an “overweight” rating in a research note on Wednesday, July 15th. Citigroup restated an “outperform” rating on shares of American Integrity Insurance Group in a report on Wednesday, May 13th. Weiss Ratings upgraded shares of American Integrity Insurance Group from a “sell (d-)” rating to a “sell (d)” rating in a research note on Monday, June 1st. Finally, Citizens Jmp reduced their target price on shares of American Integrity Insurance Group from $28.00 to $25.00 and set a “market outperform” rating on the stock 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 company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $25.75.

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.