American Integrity Insurance Group (NYSE:AII) CEO Sells $1,890,996.24 in Stock

American Integrity Insurance Group, Inc. (NYSE:AII) CEO Robert Ritchie sold 69,727 shares of the company’s stock in a transaction dated Monday, October 12th. The shares were sold at an average price of $27.12, for a total transaction of $1,890,996.24. Following the sale, the chief executive officer directly owned 1,811,133 shares of the company’s stock, valued at $49,117,926.96. This represents a 3.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

American Integrity Insurance Group Trading Up 1.0%

Shares of AII traded up $0.28 during midday trading on Tuesday, hitting $27.40. The stock had a trading volume of 320,337 shares, compared to its average volume of 204,499. American Integrity Insurance Group, Inc. has a fifty-two week low of $16.19 and a fifty-two week high of $27.86. The business has a 50-day simple moving average of $25.25 and a two-hundred day simple moving average of $20.80. The firm has a market cap of $536.73 million, a P/E ratio of 5.86 and a beta of 0.02.

American Integrity Insurance Group (NYSE:AII) last released its earnings results on Tuesday, August 11th. The company reported $1.78 earnings per share for the quarter, topping the consensus estimate 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 for the quarter. On average, analysts expect that American Integrity Insurance Group, Inc. will post 3.82 earnings per share for the current fiscal year.

Hedge Funds Weigh In On American Integrity Insurance Group

A number of large investors have recently made changes to their positions in the business. BlackRock Inc. purchased a new stake in shares of American Integrity Insurance Group in the second quarter worth approximately $16,723,000. Freestone Grove Partners LP acquired a new stake in shares of American Integrity Insurance Group during the second quarter worth approximately $9,251,000. Wasatch Advisors LP boosted its holdings in shares of American Integrity Insurance Group by 38.6% during the first quarter. Wasatch Advisors LP now owns 1,192,192 shares of the company’s stock worth $22,985,000 after purchasing an additional 331,766 shares during the period. Bank of America Corp DE purchased a new position in American Integrity Insurance Group during the second quarter valued at approximately $3,942,000. Finally, Algert Global LLC purchased a new position in American Integrity Insurance Group during the second quarter valued at approximately $2,925,000.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on AII shares. Weiss Ratings reiterated a “sell (d)” rating on shares of American Integrity Insurance Group in a research report on Thursday, August 27th. Piper Sandler boosted 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 note on Thursday, August 13th. Citigroup restated an “outperform” rating on shares of American Integrity Insurance Group in a report on Monday. Wall Street Zen raised American Integrity Insurance Group from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Finally, Keefe, Bruyette & Woods raised their target price on American Integrity Insurance Group from $29.00 to $31.00 and gave the stock an “outperform” rating in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $28.25.

American Integrity Insurance Group News Summary

Here are the key news stories impacting American Integrity Insurance Group this week:

• Positive Sentiment: Analyst upgrades supported the stock: Keefe, Bruyette & Woods raised its price target from $29 to $31 and kept an “outperform” rating, implying about 13% upside from the referenced price. Keefe, Bruyette & Woods Issues Positive Forecast for American Integrity Insurance Group
• Positive Sentiment: Citizens JMP increased its target from $26 to $29 and assigned a “market outperform” rating, signaling continued confidence in American Integrity’s earnings and growth outlook. The upgrade was also accompanied by a notable increase in trading volume. American Integrity Insurance Group Sees Large Volume Increase on Analyst Upgrade American Integrity Insurance Group Stock Price Expected to Rise
• Neutral Sentiment: The positive recommendations come as AII trades near its 52-week high, potentially reflecting strong investor momentum but also leaving less room for error if future results disappoint.
• Negative Sentiment: CEO Robert Ritchie sold a combined 123,564 shares in transactions from October 9 through October 13 for approximately $3.37 million. The sales reduced his direct holdings by about 6.7%, which may raise concerns about insider confidence or near-term valuation, though he still owns roughly 1.76 million shares.

American Integrity Insurance Group Company Profile

American Integrity Insurance Group, Inc is an insurance company focused on residential property coverage in catastrophe-exposed markets. Through its insurance subsidiaries, the company primarily serves homeowners and other residential policyholders, with an emphasis on providing protection against risks such as wind, hurricanes and other property-related losses.

Its product offerings include homeowners insurance and related personal-lines products for owner-occupied residences, condominium unit owners, renters and other residential properties.