Insider Selling: American Integrity Insurance Group (NYSE:AII) Major Shareholder Sells 295,037 Shares of Stock

American Integrity Insurance Group, Inc. (NYSE:AII) major shareholder James Sowell sold 295,037 shares of the firm’s stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $19.00, for a total transaction of $5,605,703.00. Following the transaction, the insider owned 4,473,824 shares of the company’s stock, valued at approximately $85,002,656. This represents a 6.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

American Integrity Insurance Group Price Performance

Shares of AII traded down $0.83 during mid-day trading on Friday, reaching $19.79. The company had a trading volume of 246,144 shares, compared to its average volume of 149,135. The company has a market capitalization of $387.47 million and a P/E ratio of 4.40. American Integrity Insurance Group, Inc. has a twelve month low of $15.77 and a twelve month high of $26.36. The company’s 50-day moving average is $22.86 and its 200-day moving average is $19.82.

American Integrity Insurance Group (NYSE:AII) last posted its earnings results on Wednesday, November 12th. The company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.10. The business had revenue of $62.03 million for the quarter. American Integrity Insurance Group had a net margin of 31.63% and a return on equity of 37.99%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. FNY Investment Advisers LLC bought a new stake in American Integrity Insurance Group in the second quarter valued at approximately $45,000. Emerald Advisers LLC acquired a new position in shares of American Integrity Insurance Group in the 2nd quarter valued at $653,000. Emerald Mutual Fund Advisers Trust acquired a new position in shares of American Integrity Insurance Group in the 2nd quarter valued at $4,037,000. Boston Partners bought a new position in American Integrity Insurance Group during the second quarter worth about $4,790,000. Finally, Geode Capital Management LLC bought a new position in American Integrity Insurance Group during the second quarter worth about $1,382,000.

Analyst Ratings Changes

A number of brokerages have weighed in on AII. Keefe, Bruyette & Woods boosted their target price on shares of American Integrity Insurance Group from $26.00 to $29.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 18th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of American Integrity Insurance Group in a report on Wednesday, October 8th. Piper Sandler lifted their target price on American Integrity Insurance Group from $22.00 to $27.00 and gave the company an “overweight” rating in a research note on Monday, October 6th. JMP Securities raised their price target on American Integrity Insurance Group from $23.00 to $26.00 and gave the company a “market outperform” rating in a report on Tuesday, October 14th. Finally, Citizens Jmp lifted their price objective on American Integrity Insurance Group from $26.00 to $28.00 and gave the stock a “market outperform” rating in a research report on Monday, November 17th. Seven research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, American Integrity Insurance Group currently has an average rating of “Moderate Buy” and a consensus target price of $26.80.

About American Integrity Insurance Group

We are a profitable and growing insurance group headquartered in Tampa, Florida. Through our insurance carrier subsidiary, American Integrity Insurance Company of Florida, Inc (“AIICFL”), we provide personal residential property insurance for single-family homeowners and condominium owners as well as coverage for vacant dwellings and investment properties, predominantly in Florida.