American Integrity Insurance Group (NYSE:AII) CEO Sells 24,614 Shares of Stock

American Integrity Insurance Group, Inc. (NYSE:AII) CEO Robert Ritchie sold 24,614 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $25.68, for a total transaction of $632,087.52. Following the completion of the transaction, the chief executive officer owned 2,073,997 shares of the company’s stock, valued at approximately $53,260,242.96. The trade was a 1.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

American Integrity Insurance Group Trading Up 3.4%

AII stock traded up $0.85 during midday trading on Monday, hitting $26.20. The company’s stock had a trading volume of 288,155 shares, compared to its average volume of 131,795. The firm’s 50-day moving average is $19.83 and its 200-day moving average is $18.95. American Integrity Insurance Group, Inc. has a 12 month low of $16.19 and a 12 month high of $26.56. The company has a market cap of $513.34 million, a PE ratio of 5.82 and a beta of -0.20.

American Integrity Insurance Group (NYSE:AII) last posted its earnings results on Tuesday, August 11th. The company reported $1.78 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.97. American Integrity Insurance Group had a return on equity of 26.74% and a net margin of 26.20%.The business had revenue of $115.17 million during the quarter. Analysts expect that American Integrity Insurance Group, Inc. will post 3.79 earnings per share for the current year.

Institutional Trading of American Integrity Insurance Group

A number of hedge funds have recently bought and sold shares of AII. Geode Capital Management LLC bought a new position in American Integrity Insurance Group in the second quarter valued at about $1,382,000. XTX Topco Ltd bought a new stake in shares of American Integrity Insurance Group during the 2nd quarter valued at about $192,000. Marshall Wace LLP bought a new stake in shares of American Integrity Insurance Group during the 2nd quarter valued at about $2,123,000. Qube Research & Technologies Ltd purchased a new stake in shares of American Integrity Insurance Group during the 2nd quarter valued at about $292,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in shares of American Integrity Insurance Group during the 2nd quarter valued at about $7,356,000.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Weiss Ratings upgraded American Integrity Insurance Group from a “sell (d-)” rating to a “sell (d)” rating in a report on Monday, June 1st. Wall Street Zen raised shares of American Integrity Insurance Group from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Raymond James Financial set a $27.00 price target on shares of American Integrity Insurance Group in a research note on Thursday. Citizens Jmp boosted their price objective on shares of American Integrity Insurance Group from $25.00 to $26.00 and gave the company a “market outperform” rating in a report on Wednesday, August 12th. Finally, Citigroup restated an “outperform” rating on shares of American Integrity Insurance Group in a research report on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $26.50.

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.