James Sowell Purchases 23,231 Shares of American Integrity Insurance Group (NYSE:AII) Stock

American Integrity Insurance Group, Inc. (NYSE:AII) major shareholder James Sowell acquired 23,231 shares of American Integrity Insurance Group stock in a transaction on Friday, June 5th. The shares were bought at an average cost of $16.92 per share, with a total value of $393,068.52. Following the completion of the purchase, the insider owned 4,497,055 shares in the company, valued at $76,090,170.60. The trade was a 0.52% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

American Integrity Insurance Group Stock Up 1.5%

AII opened at $17.11 on Friday. The business has a 50 day moving average price of $18.10 and a two-hundred day moving average price of $19.00. The company has a market cap of $335.15 million and a PE ratio of 3.91. American Integrity Insurance Group, Inc. has a 52 week low of $15.77 and a 52 week high of $26.36.

American Integrity Insurance Group (NYSE:AII) last posted its quarterly earnings data on Tuesday, May 12th. The company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.94 by $0.09. The firm had revenue of $90.93 million during the quarter. American Integrity Insurance Group had a return on equity of 27.04% and a net margin of 27.56%. As a group, sell-side analysts expect that American Integrity Insurance Group, Inc. will post 2.73 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have commented on AII shares. Keefe, Bruyette & Woods reduced their price objective on American Integrity Insurance Group from $28.00 to $27.00 and set an “outperform” rating for the company in a research note on Tuesday, April 7th. Citigroup reissued an “outperform” rating on shares of American Integrity Insurance Group in a research note on Wednesday, May 13th. Citizens Jmp cut their target price on American Integrity Insurance Group from $28.00 to $25.00 and set a “market outperform” rating for the company in a research note on Wednesday, May 13th. Finally, Weiss Ratings raised American Integrity Insurance Group from a “sell (d-)” rating to a “sell (d)” rating in a research note on Monday, June 1st. Five research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $26.75.

Hedge Funds Weigh In On American Integrity Insurance Group

A number of large investors have recently modified their holdings of AII. Geode Capital Management LLC purchased a new position in shares of American Integrity Insurance Group during the 2nd quarter worth approximately $1,382,000. XTX Topco Ltd purchased a new position in shares of American Integrity Insurance Group during the 2nd quarter worth approximately $192,000. Marshall Wace LLP purchased a new position in shares of American Integrity Insurance Group during the 2nd quarter worth approximately $2,123,000. Qube Research & Technologies Ltd purchased a new position in shares of American Integrity Insurance Group during the 2nd quarter worth approximately $292,000. Finally, The Manufacturers Life Insurance Company purchased a new position in shares of American Integrity Insurance Group during the 2nd quarter worth approximately $7,356,000.

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.