American Integrity Insurance Group (NYSE:AII) CEO Sells $9,025,000.00 in Stock

American Integrity Insurance Group, Inc. (NYSE:AII) CEO Robert Ritchie sold 475,000 shares of the company’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $19.00, for a total value of $9,025,000.00. Following the completion of the transaction, the chief executive officer directly owned 2,454,500 shares in the company, valued at approximately $46,635,500. This represents a 16.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

American Integrity Insurance Group Stock Performance

American Integrity Insurance Group stock traded up $0.47 during midday trading on Friday, hitting $19.74. The company’s stock had a trading volume of 500,558 shares, compared to its average volume of 143,779. American Integrity Insurance Group, Inc. has a 1-year low of $15.77 and a 1-year high of $26.36. The company has a 50-day simple moving average of $22.97. The company has a market capitalization of $386.43 million and a P/E ratio of 4.39.

American Integrity Insurance Group (NYSE:AII) last issued its quarterly earnings results on Wednesday, November 12th. The company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.10. The business had revenue of $62.03 million for the quarter. American Integrity Insurance Group had a return on equity of 37.99% and a net margin of 31.63%.

Analysts Set New Price Targets

AII has been the subject of several recent analyst reports. Citizens Jmp increased their price objective on shares of American Integrity Insurance Group from $26.00 to $28.00 and gave the stock a “market outperform” rating in a research note on Monday. Weiss Ratings reissued a “sell (e+)” rating on shares of American Integrity Insurance Group in a report on Wednesday, October 8th. Piper Sandler upped their price target on shares of American Integrity Insurance Group from $22.00 to $27.00 and gave the company an “overweight” rating in a research report on Monday, October 6th. Raymond James Financial restated an “outperform” rating and set a $24.00 price objective (up from $22.00) on shares of American Integrity Insurance Group in a research report on Monday, September 22nd. Finally, JMP Securities boosted their target price on shares of American Integrity Insurance Group from $23.00 to $26.00 and gave the company a “market outperform” rating in a report on Tuesday, October 14th. Seven equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $26.80.

Institutional Trading of American Integrity Insurance Group

A number of large investors have recently bought and sold shares of the company. Franklin Resources Inc. raised its stake in American Integrity Insurance Group by 1,840.0% in the 3rd quarter. Franklin Resources Inc. now owns 2,988,329 shares of the company’s stock valued at $66,670,000 after acquiring an additional 2,834,289 shares during the period. Boston Partners increased its stake in American Integrity Insurance Group by 212.5% in the 3rd quarter. Boston Partners now owns 1,089,780 shares of the company’s stock worth $24,316,000 after acquiring an additional 741,002 shares during the last quarter. Wasatch Advisors LP raised its stake in American Integrity Insurance Group by 3.8% in the third quarter. Wasatch Advisors LP now owns 907,338 shares of the company’s stock valued at $20,243,000 after purchasing an additional 33,344 shares in the last quarter. Balyasny Asset Management L.P. bought a new position in American Integrity Insurance Group in the second quarter valued at $10,409,000. Finally, Mink Brook Asset Management LLC raised its stake in shares of American Integrity Insurance Group by 12.2% during the third quarter. Mink Brook Asset Management LLC now owns 478,473 shares of the company’s stock worth $10,675,000 after acquiring an additional 51,933 shares in the last quarter.

American Integrity Insurance Group Company Profile

We are a profitable and growing insurance group headquartered in Tampa, Florida. Through our insurance carrier subsidiary, American Integrity Insurance Company of Florida, Inc (“AIICFL”), we provide personal residential property insurance for single-family homeowners and condominium owners as well as coverage for vacant dwellings and investment properties, predominantly in Florida.