Robert Ritchie Sells 6,000 Shares of American Integrity Insurance Group (NYSE:AII) Stock

American Integrity Insurance Group, Inc. (NYSE:AII) CEO Robert Ritchie sold 6,000 shares of the company’s stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $26.50, for a total transaction of $159,000.00. Following the sale, the chief executive officer owned 1,893,171 shares of the company’s stock, valued at $50,169,031.50. This trade represents a 0.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

American Integrity Insurance Group Stock Performance

Shares of American Integrity Insurance Group stock traded down $0.53 during trading on Tuesday, reaching $25.47. The company’s stock had a trading volume of 201,985 shares, compared to its average volume of 193,314. The business’s fifty day moving average price is $21.09 and its 200-day moving average price is $19.34. The firm has a market cap of $498.96 million, a price-to-earnings ratio of 5.62 and a beta of -0.09. American Integrity Insurance Group, Inc. has a one year low of $16.19 and a one year high of $27.00.

American Integrity Insurance Group (NYSE:AII) last announced 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. The firm had revenue of $115.17 million during the quarter. American Integrity Insurance Group had a return on equity of 26.74% and a net margin of 26.20%. Sell-side analysts anticipate that American Integrity Insurance Group, Inc. will post 3.82 EPS for the current year.

Hedge Funds Weigh In On American Integrity Insurance Group

A number of hedge funds have recently modified their holdings of the stock. FJ Capital Management LLC boosted its stake in American Integrity Insurance Group by 1,261.6% in the 4th quarter. FJ Capital Management LLC now owns 153,491 shares of the company’s stock valued at $3,197,000 after buying an additional 142,218 shares in the last quarter. Donald Smith & CO. Inc. acquired a new position in American Integrity Insurance Group during the second quarter worth $2,192,000. Wasatch Advisors LP raised its stake in American Integrity Insurance Group by 5.7% during the second quarter. Wasatch Advisors LP now owns 1,260,169 shares of the company’s stock worth $23,729,000 after acquiring an additional 67,977 shares in the last quarter. Freestone Grove Partners LP bought a new position in shares of American Integrity Insurance Group during the second quarter valued at $9,251,000. Finally, Algert Global LLC acquired a new stake in shares of American Integrity Insurance Group in the 2nd quarter valued at $2,925,000.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on AII. Piper Sandler boosted their target price 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, August 13th. Zacks Research upgraded shares of American Integrity Insurance Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 17th. Citizens Jmp boosted their price objective on shares of American Integrity Insurance Group from $25.00 to $26.00 and gave the stock a “market outperform” rating in a report on Wednesday, August 12th. Raymond James Financial set a $27.00 price objective on shares of American Integrity Insurance Group in a research report on Thursday, August 20th. Finally, Citigroup reiterated an “outperform” rating on shares of American Integrity Insurance Group in a research note on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $26.50.

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.