Insider Selling: American Integrity Insurance Group (NYSE:AII) CEO Sells $151,440.00 in Stock

American Integrity Insurance Group, Inc. (NYSE:AII) CEO Robert Ritchie sold 6,000 shares of the firm’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $25.24, for a total value of $151,440.00. Following the transaction, the chief executive officer directly owned 2,133,611 shares in the company, valued at $53,852,341.64. This trade represents a 0.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

American Integrity Insurance Group Stock Down 1.1%

AII stock opened at $25.27 on Friday. The company has a market capitalization of $495.04 million, a P/E ratio of 5.62 and a beta of -0.20. The company has a 50-day simple moving average of $19.83 and a 200 day simple moving average of $18.95. American Integrity Insurance Group, Inc. has a fifty-two week low of $16.19 and a fifty-two week high of $26.41.

American Integrity Insurance Group (NYSE:AII) last announced its earnings results on Tuesday, August 11th. The company reported $1.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.97. The firm had revenue of $115.17 million during the quarter. American Integrity Insurance Group had a net margin of 26.20% and a return on equity of 26.74%. Equities analysts anticipate that American Integrity Insurance Group, Inc. will post 3.79 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Raymond James Financial set a $27.00 price objective on shares of American Integrity Insurance Group in a report on Thursday. Citigroup reissued an “outperform” rating on shares of American Integrity Insurance Group in a report on Wednesday, August 12th. Wall Street Zen upgraded American Integrity Insurance Group from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Citizens Jmp increased their price target on American Integrity Insurance Group from $25.00 to $26.00 and gave the company a “market outperform” rating in a research note on Wednesday, August 12th. Finally, Weiss Ratings upgraded American Integrity Insurance Group from a “sell (d-)” rating to a “sell (d)” rating in a research report on Monday, June 1st. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, American Integrity Insurance Group has an average rating of “Moderate Buy” and a consensus price target of $26.50.

Hedge Funds Weigh In On American Integrity Insurance Group

A number of hedge funds have recently modified their holdings of AII. Franklin Resources Inc. lifted its holdings in shares of American Integrity Insurance Group by 1,840.0% during the third quarter. Franklin Resources Inc. now owns 2,988,329 shares of the company’s stock valued at $66,670,000 after purchasing an additional 2,834,289 shares during the last quarter. BlackRock Inc. acquired a new position in shares of American Integrity Insurance Group in the 2nd quarter valued at $16,723,000. Wasatch Advisors LP purchased a new position in American Integrity Insurance Group in the 2nd quarter worth about $16,073,000. 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 purchasing an additional 741,002 shares in the last quarter. Finally, Balyasny Asset Management L.P. acquired a new stake in American Integrity Insurance Group during the 2nd quarter worth about $10,409,000.

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.