American Integrity Insurance Group (NYSE:AII) CEO Robert Ritchie Sells 9,174 Shares

American Integrity Insurance Group, Inc. (NYSE:AII) CEO Robert Ritchie sold 9,174 shares of the company’s stock in a transaction on Monday, August 31st. The stock was sold at an average price of $25.92, for a total value of $237,790.08. Following the transaction, the chief executive officer owned 1,883,997 shares of the company’s stock, valued at approximately $48,833,202.24. The trade was a 0.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

American Integrity Insurance Group Price Performance

Shares of AII stock traded up $0.42 during trading hours on Wednesday, reaching $26.07. The stock had a trading volume of 124,386 shares, compared to its average volume of 133,707. American Integrity Insurance Group, Inc. has a twelve month low of $16.19 and a twelve month high of $27.00. The firm has a 50-day simple moving average of $21.09 and a 200-day simple moving average of $19.34. The firm has a market capitalization of $510.87 million, a PE ratio of 5.79 and a beta of -0.09.

American Integrity Insurance Group (NYSE:AII) last posted 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. American Integrity Insurance Group had a net margin of 26.20% and a return on equity of 26.74%. The firm had revenue of $115.17 million during the quarter. On average, equities analysts anticipate that American Integrity Insurance Group, Inc. will post 3.82 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have commented on AII shares. Wall Street Zen upgraded shares of American Integrity Insurance Group from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Piper Sandler increased their price target on 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. Weiss Ratings reissued a “sell (d)” rating on shares of American Integrity Insurance Group in a research note on Thursday, August 27th. Citigroup reiterated an “outperform” rating on shares of American Integrity Insurance Group in a research report on Wednesday, August 12th. Finally, Raymond James Financial set a $27.00 price objective on shares of American Integrity Insurance Group in a research report on Thursday, August 20th. One equities 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 company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $26.50.

Institutional Trading of American Integrity Insurance Group

A number of hedge funds have recently made changes to their positions in the stock. NewEdge Advisors LLC acquired a new stake in shares of American Integrity Insurance Group during the 4th quarter valued at $33,000. New York State Common Retirement Fund purchased a new stake in shares of American Integrity Insurance Group during the fourth quarter worth $42,000. Police & Firemen s Retirement System of New Jersey boosted its position in American Integrity Insurance Group by 172.7% during 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 purchasing an additional 1,549 shares during the last quarter. California State Teachers Retirement System lifted its holdings in shares of American Integrity Insurance Group by 375.8% during the 2nd quarter. California State Teachers Retirement System now owns 3,145 shares of the company’s stock valued at $59,000 after buying an additional 2,484 shares during the last quarter. Finally, JPMorgan Chase & Co. acquired a new stake in shares of American Integrity Insurance Group during the 3rd quarter valued at about $72,000.

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.