James Sowell Acquires 79,497 Shares of American Integrity Insurance Group (NYSE:AII) Stock

American Integrity Insurance Group, Inc. (NYSE:AII) major shareholder James Sowell purchased 79,497 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The stock was bought at an average cost of $16.85 per share, for a total transaction of $1,339,524.45. Following the acquisition, the insider directly owned 4,610,180 shares in the company, valued at approximately $77,681,533. The trade was a 1.75% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

American Integrity Insurance Group Price Performance

Shares of NYSE:AII opened at $17.11 on Friday. The company’s fifty day moving average price is $18.10 and its 200-day moving average price is $19.00. The firm has a market capitalization of $335.15 million and a price-to-earnings ratio of 3.91. American Integrity Insurance Group, Inc. has a one year low of $15.77 and a one year high of $26.36.

American Integrity Insurance Group (NYSE:AII) last issued its quarterly earnings results on Tuesday, May 12th. The company reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.09. The firm had revenue of $90.93 million for the quarter. American Integrity Insurance Group had a net margin of 27.56% and a return on equity of 27.04%. As a group, equities research analysts expect that American Integrity Insurance Group, Inc. will post 2.73 EPS for the current year.

Institutional Investors Weigh In On American Integrity Insurance Group

Institutional investors have recently made changes to their positions in the business. NewEdge Advisors LLC purchased a new stake in shares of American Integrity Insurance Group in the 4th quarter valued at $33,000. New York State Common Retirement Fund purchased a new stake in shares of American Integrity Insurance Group in the 4th quarter valued at $42,000. Police & Firemen s Retirement System of New Jersey boosted its stake in shares of American Integrity Insurance Group by 172.7% in 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 in the last quarter. JPMorgan Chase & Co. purchased a new stake in shares of American Integrity Insurance Group in the 3rd quarter valued at $72,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of American Integrity Insurance Group in the 3rd quarter valued at $83,000.

Wall Street Analyst Weigh In

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

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.