Robert Ritchie Sells 36,965 Shares of American Integrity Insurance Group (NYSE:AII) Stock

American Integrity Insurance Group, Inc. (NYSE:AII) CEO Robert Ritchie sold 36,965 shares of the firm’s stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $20.83, for a total value of $769,980.95. Following the sale, the chief executive officer owned 2,334,032 shares in the company, valued at approximately $48,617,886.56. The trade was a 1.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

American Integrity Insurance Group Price Performance

American Integrity Insurance Group stock traded down $0.52 during midday trading on Monday, hitting $20.48. 82,643 shares of the company were exchanged, compared to its average volume of 124,787. The company has a market cap of $401.20 million, a PE ratio of 4.68 and a beta of -0.20. American Integrity Insurance Group, Inc. has a fifty-two week low of $16.19 and a fifty-two week high of $26.36. The company’s fifty day moving average price is $18.45 and its 200-day moving average price is $18.60.

American Integrity Insurance Group (NYSE:AII) last issued its quarterly earnings data on Tuesday, May 12th. The company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.09. American Integrity Insurance Group had a net margin of 27.56% and a return on equity of 27.04%. The company had revenue of $90.93 million during the quarter. On average, analysts expect that American Integrity Insurance Group, Inc. will post 2.73 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have commented on AII. Citizens Jmp cut their price objective on shares of American Integrity Insurance Group from $28.00 to $25.00 and set a “market outperform” rating on the stock 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 research report on Monday, June 1st. Finally, Piper Sandler boosted their price target on American Integrity Insurance Group from $20.00 to $23.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 15th. Five investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $25.75.

Institutional Investors Weigh In On American Integrity Insurance Group

Several hedge funds and other institutional investors have recently modified their holdings of the stock. NewEdge Advisors LLC bought a new position in shares of American Integrity Insurance Group during the fourth quarter worth about $33,000. New York State Common Retirement Fund bought a new stake in American Integrity Insurance Group in the fourth quarter valued at about $42,000. Police & Firemen s Retirement System of New Jersey raised its stake in American Integrity Insurance Group by 172.7% during the fourth 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. JPMorgan Chase & Co. bought a new position in American Integrity Insurance Group during the 3rd quarter worth approximately $72,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in American Integrity Insurance Group during the 3rd quarter worth approximately $83,000.

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.