Robert Ritchie Sells 45,461 Shares of American Integrity Insurance Group (NYSE:AII) Stock

American Integrity Insurance Group, Inc. (NYSE:AII) CEO Robert Ritchie sold 45,461 shares of the company’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $26.30, for a total value of $1,195,624.30. Following the completion of the transaction, the chief executive officer directly owned 2,028,536 shares of the company’s stock, valued at approximately $53,350,496.80. This trade represents a 2.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

American Integrity Insurance Group Trading Down 1.4%

NYSE:AII opened at $26.26 on Friday. The stock has a 50-day moving average price of $20.58 and a 200 day moving average price of $19.17. The stock has a market capitalization of $514.51 million, a P/E ratio of 5.84 and a beta of -0.20. American Integrity Insurance Group, Inc. has a 12-month low of $16.19 and a 12-month high of $27.00.

American Integrity Insurance Group (NYSE:AII) last posted its quarterly 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 company had revenue of $115.17 million for the quarter. On average, research analysts predict that American Integrity Insurance Group, Inc. will post 3.79 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on AII shares. Wall Street Zen upgraded shares of American Integrity Insurance Group from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Citizens Jmp lifted their price target 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. Citigroup reiterated an “outperform” rating on shares of American Integrity Insurance Group in a research note on Wednesday, August 12th. Zacks Research upgraded American Integrity Insurance Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 17th. Finally, Piper Sandler lifted their target price on American Integrity Insurance Group from $23.00 to $26.00 and gave the stock an “overweight” rating in a report on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $26.50.

Institutional Investors Weigh In On American Integrity Insurance Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC purchased a new stake in American Integrity Insurance Group during the fourth quarter valued at approximately $33,000. New York State Common Retirement Fund purchased a new position in shares of American Integrity Insurance Group in the 4th quarter worth approximately $42,000. Police & Firemen s Retirement System of New Jersey increased its position in shares of American Integrity Insurance Group by 172.7% during 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 purchasing an additional 1,549 shares during the last quarter. California State Teachers Retirement System raised its holdings in American Integrity Insurance Group by 375.8% during the 2nd quarter. California State Teachers Retirement System now owns 3,145 shares of the company’s stock valued at $59,000 after buying an additional 2,484 shares during the period. Finally, JPMorgan Chase & Co. purchased a new stake in American Integrity Insurance Group during the 3rd quarter valued at $72,000.

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.