American Integrity Insurance Group (NYSE:AII) Stock: Insider Robert Ritchie Sells 69,727 Shares

American Integrity Insurance Group, Inc. (NYSE:AII) CEO Robert Ritchie sold 69,727 shares of the company’s stock in a transaction on Monday, October 12th. The stock was sold at an average price of $27.12, for a total transaction of $1,890,996.24. Following the completion of the sale, the chief executive officer owned 1,811,133 shares of the company’s stock, valued at $49,117,926.96. This represents a 3.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

American Integrity Insurance Group Price Performance

American Integrity Insurance Group stock opened at $27.41 on Thursday. The company has a market capitalization of $536.98 million, a price-to-earnings ratio of 6.09 and a beta of 0.02. American Integrity Insurance Group, Inc. has a one year low of $16.19 and a one year high of $27.86. The company’s fifty day moving average price is $25.38 and its two-hundred day moving average price is $20.86.

American Integrity Insurance Group (NYSE:AII) last posted its earnings results on Tuesday, August 11th. The company reported $1.78 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.97. American Integrity Insurance Group had a return on equity of 26.74% and a net margin of 26.20%. The company had revenue of $115.17 million for the quarter. As a group, sell-side analysts anticipate that American Integrity Insurance Group, Inc. will post 4.02 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC grew its holdings in American Integrity Insurance Group by 9,544.4% in the 3rd quarter. GAMMA Investing LLC now owns 1,736 shares of the company’s stock valued at $43,000 after buying an additional 1,718 shares during the last quarter. Hsbc Holdings PLC increased its position in American Integrity Insurance Group by 88.5% in the 2nd quarter. Hsbc Holdings PLC now owns 22,949 shares of the company’s stock worth $439,000 after buying an additional 10,775 shares during the period. Public Employees Retirement System of Ohio bought a new position in American Integrity Insurance Group in the 2nd quarter worth approximately $272,000. Bank of America Corp DE bought a new position in American Integrity Insurance Group in the 2nd quarter worth approximately $3,942,000. Finally, Freestone Grove Partners LP acquired a new position in shares of American Integrity Insurance Group during the second quarter worth approximately $9,251,000.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on AII. Keefe, Bruyette & Woods raised their price objective on American Integrity Insurance Group from $29.00 to $31.00 and gave the company an “outperform” rating in a research note on Monday. Citigroup reaffirmed an “outperform” rating on shares of American Integrity Insurance Group in a research report on Monday. Weiss Ratings reaffirmed a “sell (d)” rating on shares of American Integrity Insurance Group in a research report on Thursday, August 27th. Wall Street Zen upgraded American Integrity Insurance Group from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Finally, Raymond James Financial reiterated an “outperform” rating on shares of American Integrity Insurance Group in a report on Tuesday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $28.25.

American Integrity Insurance Group News Roundup

Here are the key news stories impacting American Integrity Insurance Group this week:

• Positive Sentiment: Zacks named AII a Strong Buy value stock. The inclusion on Zacks’ Rank #1 value list highlights the company’s low valuation and potentially attractive earnings outlook. AII trades at roughly 6 times earnings, while analysts expect about $3.82 in earnings per share for the current year. Best Value Stocks to Buy for October 14th
• Positive Sentiment: Analyst sentiment and institutional interest remain constructive. Recent coverage cited price-target increases from Keefe, Bruyette & Woods and Citizens JMP, while BlackRock and other institutions established positions during the second quarter. The average analyst price target is approximately $28.25, modestly above the referenced trading level.
• Neutral Sentiment: Momentum is strong, but valuation expectations are becoming more demanding. AII remains close to its 52-week high and trades well above its 50-day and 200-day moving averages. Its latest quarterly results were strong, with EPS of $1.78 versus an $0.81 consensus estimate, but the stock’s proximity to its high leaves less room for disappointing results.
• Negative Sentiment: CEO Robert Ritchie sold a substantial amount of stock. He sold a combined 123,564 shares from October 9 through October 13 for approximately $3.37 million, reducing his direct ownership by about 6.7%. Although he still owns roughly 1.76 million shares, the cluster of sales could raise concerns about insider confidence or near-term valuation and may weigh on the stock. American Integrity Insurance Group CEO Insider Transactions

American Integrity Insurance Group Company Profile

American Integrity Insurance Group, Inc is an insurance company focused on residential property coverage in catastrophe-exposed markets. Through its insurance subsidiaries, the company primarily serves homeowners and other residential policyholders, with an emphasis on providing protection against risks such as wind, hurricanes and other property-related losses.

Its product offerings include homeowners insurance and related personal-lines products for owner-occupied residences, condominium unit owners, renters and other residential properties.