American Integrity Insurance Group (NYSE:AII) Major Shareholder Acquires $568,649.48 in Stock

American Integrity Insurance Group, Inc. (NYSE:AII) major shareholder James Sowell acquired 33,628 shares of the company’s stock in a transaction that occurred on Monday, June 8th. The shares were acquired at an average cost of $16.91 per share, for a total transaction of $568,649.48. Following the purchase, the insider directly owned 4,530,683 shares of the company’s stock, valued at $76,613,849.53. This represents a 0.75% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

American Integrity Insurance Group Price Performance

NYSE:AII traded down $0.17 during mid-day trading on Thursday, hitting $16.83. 94,521 shares of the company’s stock were exchanged, compared to its average volume of 124,116. American Integrity Insurance Group, Inc. has a one year low of $15.77 and a one year high of $26.36. The business has a fifty day moving average price of $18.19 and a 200 day moving average price of $19.03. The company has a market cap of $329.70 million and a PE ratio of 3.84.

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

Institutional Trading of American Integrity Insurance Group

A number of institutional investors and hedge funds have recently bought and sold shares of AII. NewEdge Advisors LLC purchased a new stake in shares of American Integrity Insurance Group during the fourth quarter worth approximately $33,000. New York State Common Retirement Fund acquired a new stake in shares of American Integrity Insurance Group in the fourth quarter valued at approximately $42,000. Police & Firemen s Retirement System of New Jersey boosted its holdings in shares of 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 valued at $51,000 after acquiring an additional 1,549 shares during the period. JPMorgan Chase & Co. acquired a new stake in shares of American Integrity Insurance Group in the third quarter valued at approximately $72,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of American Integrity Insurance Group during the third quarter worth $83,000.

Analysts Set New Price Targets

A number of research firms have weighed in on AII. Keefe, Bruyette & Woods dropped their price target on shares of American Integrity Insurance Group from $28.00 to $27.00 and set an “outperform” rating for the company in a research report on Tuesday, April 7th. Citigroup reissued an “outperform” rating on shares of American Integrity Insurance Group in a research note on Wednesday, May 13th. Citizens Jmp reduced their price target on shares of American Integrity Insurance Group from $28.00 to $25.00 and set a “market outperform” rating on the stock in a research note on Wednesday, May 13th. Finally, Weiss Ratings raised shares of American Integrity Insurance Group from a “sell (d-)” rating to a “sell (d)” rating in a research report on Monday, June 1st. Five investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $26.75.

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.