American Integrity Insurance Group (NYSE:AII) CEO Robert Ritchie Sells 12,000 Shares of Stock

American Integrity Insurance Group, Inc. (NYSE:AII) CEO Robert Ritchie sold 12,000 shares of the business’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $25.34, for a total value of $304,080.00. Following the sale, the chief executive officer directly owned 2,139,611 shares of the company’s stock, valued at $54,217,742.74. This represents a 0.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

American Integrity Insurance Group Price Performance

Shares of NYSE AII traded up $0.47 during mid-day trading on Thursday, hitting $25.34. The company’s stock had a trading volume of 146,918 shares, compared to its average volume of 129,941. The stock has a market cap of $496.41 million, a price-to-earnings ratio of 5.63 and a beta of -0.20. American Integrity Insurance Group, Inc. has a one year low of $16.19 and a one year high of $26.36. The company’s fifty day simple moving average is $19.50 and its 200-day simple moving average is $18.86.

American Integrity Insurance Group (NYSE:AII) last posted its quarterly earnings results on Tuesday, August 11th. The company reported $1.78 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $115.17 million during the quarter. On average, sell-side analysts predict that American Integrity Insurance Group, Inc. will post 3.54 EPS for the current year.

Analyst Ratings Changes

Several analysts have commented on AII shares. Piper Sandler upped their target price on shares of American Integrity Insurance Group from $23.00 to $26.00 and gave the company an “overweight” rating in a research report on Thursday, August 13th. Citizens Jmp raised their price target on American Integrity Insurance Group from $25.00 to $26.00 and gave the stock a “market outperform” rating in a research report on Wednesday, August 12th. Raymond James Financial set a $27.00 price objective on American Integrity Insurance Group in a research note on Thursday. Citigroup reiterated an “outperform” rating on shares of American Integrity Insurance Group in a report on Wednesday, August 12th. Finally, Zacks Research raised American Integrity Insurance Group from a “hold” rating to a “strong-buy” rating in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, American Integrity Insurance Group has an average rating of “Moderate Buy” and an average price target of $26.50.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Police & Firemen s Retirement System of New Jersey raised its holdings in American Integrity Insurance Group by 172.7% in the fourth quarter. Police & Firemen s Retirement System of New Jersey now owns 2,446 shares of the company’s stock worth $51,000 after purchasing an additional 1,549 shares during the period. NewEdge Advisors LLC acquired a new position in shares of American Integrity Insurance Group in the 4th quarter valued at $33,000. New York State Common Retirement Fund acquired a new position in shares of American Integrity Insurance Group in the 4th quarter valued at $42,000. Bank of America Corp DE increased its position in shares of American Integrity Insurance Group by 0.8% in the 1st quarter. Bank of America Corp DE now owns 293,443 shares of the company’s stock valued at $5,658,000 after buying an additional 2,193 shares in the last quarter. Finally, Osaic Holdings Inc. increased its position in shares of American Integrity Insurance Group by 64.5% in the 4th quarter. Osaic Holdings Inc. now owns 6,580 shares of the company’s stock valued at $137,000 after buying an additional 2,580 shares in the last quarter.

American Integrity Insurance Group Company 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.