American Integrity Insurance Group (NYSE:AII) CEO Robert Ritchie Sells 38,260 Shares of Stock

American Integrity Insurance Group, Inc. (NYSE:AII) CEO Robert Ritchie sold 38,260 shares of American Integrity Insurance Group stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $23.08, for a total transaction of $883,040.80. Following the completion of the sale, the chief executive officer owned 2,277,013 shares of the company’s stock, valued at $52,553,460.04. This trade represents a 1.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

American Integrity Insurance Group Stock Performance

AII opened at $23.97 on Friday. American Integrity Insurance Group, Inc. has a twelve month low of $16.19 and a twelve month high of $26.36. The business has a 50 day moving average price of $19.01 and a 200 day moving average price of $18.72. The firm has a market cap of $469.55 million, a P/E ratio of 5.33 and a beta of -0.20.

American Integrity Insurance Group (NYSE:AII) last released its quarterly 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 27.56%. The company had revenue of $115.17 million during the quarter. As a group, analysts anticipate that American Integrity Insurance Group, Inc. will post 2.73 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Citigroup restated an “outperform” rating on shares of American Integrity Insurance Group in a research note on Wednesday. Wall Street Zen upgraded shares of American Integrity Insurance Group from a “hold” rating to a “buy” rating in a research report on Saturday. Citizens Jmp boosted their price objective on American Integrity Insurance Group from $25.00 to $26.00 and gave the stock a “market outperform” rating in a report on Wednesday. Weiss Ratings upgraded American Integrity Insurance Group from a “sell (d-)” rating to a “sell (d)” rating in a report on Monday, June 1st. Finally, Piper Sandler lifted their price target on shares of American Integrity Insurance Group from $23.00 to $26.00 and gave the stock an “overweight” rating in a research report on Thursday. Five research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $26.75.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Franklin Resources Inc. increased its holdings in shares of American Integrity Insurance Group by 1,840.0% during the 3rd quarter. Franklin Resources Inc. now owns 2,988,329 shares of the company’s stock worth $66,670,000 after acquiring an additional 2,834,289 shares during the last quarter. Wasatch Advisors LP lifted its position in shares of American Integrity Insurance Group by 5.7% during the 2nd quarter. Wasatch Advisors LP now owns 1,260,169 shares of the company’s stock valued at $23,729,000 after acquiring an additional 67,977 shares during the period. Boston Partners lifted its position in American Integrity Insurance Group by 9.3% during the fourth quarter. Boston Partners now owns 1,191,145 shares of the company’s stock worth $24,809,000 after purchasing an additional 101,365 shares during the period. BlackRock Inc. acquired a new stake in American Integrity Insurance Group during the second quarter worth about $16,723,000. Finally, Mink Brook Asset Management LLC increased its holdings in American Integrity Insurance Group by 35.5% in the 4th quarter. Mink Brook Asset Management LLC now owns 648,405 shares of the company’s stock valued at $13,506,000 after buying an additional 169,932 shares during the period.

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.