Walleye Capital LLC Has $1.98 Million Stock Holdings in American Integrity Insurance Group, Inc. $AII

Walleye Capital LLC reduced its stake in American Integrity Insurance Group, Inc. (NYSE:AII) by 28.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 102,514 shares of the company’s stock after selling 41,740 shares during the period. Walleye Capital LLC owned 0.52% of American Integrity Insurance Group worth $1,976,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Franklin Resources Inc. grew its stake in shares of American Integrity Insurance Group by 1,840.0% in the 3rd quarter. Franklin Resources Inc. now owns 2,988,329 shares of the company’s stock valued at $66,670,000 after buying an additional 2,834,289 shares during the period. Wasatch Advisors LP bought a new stake in American Integrity Insurance Group in the 2nd quarter valued at about $16,073,000. Boston Partners boosted its holdings in American Integrity Insurance Group by 212.5% in the third quarter. Boston Partners now owns 1,089,780 shares of the company’s stock worth $24,316,000 after acquiring an additional 741,002 shares in the last quarter. Balyasny Asset Management L.P. bought a new position in American Integrity Insurance Group in the second quarter worth approximately $10,409,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in American Integrity Insurance Group in the second quarter valued at approximately $7,356,000.

Insider Transactions at American Integrity Insurance Group

In other news, major shareholder James E. Sowell bought 79,497 shares of the stock in a transaction dated Tuesday, June 9th. The stock was bought at an average price of $16.85 per share, for a total transaction of $1,339,524.45. Following the completion of the acquisition, the insider directly owned 4,610,180 shares in the company, valued at approximately $77,681,533. This trade represents a 1.75% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Steven B. Mathis purchased 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The shares were purchased at an average cost of $16.82 per share, for a total transaction of $50,460.00. Following the completion of the transaction, the director directly owned 6,126 shares of the company’s stock, valued at $103,039.32. This represents a 95.97% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders bought a total of 142,256 shares of company stock worth $2,400,973 in the last quarter. 16.40% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Citizens Jmp decreased their price objective on American Integrity Insurance Group from $28.00 to $25.00 and set a “market outperform” rating for the company in a report on Wednesday, May 13th. Weiss Ratings raised shares of American Integrity Insurance Group from a “sell (d-)” rating to a “sell (d)” rating in a research report on Monday, June 1st. Piper Sandler boosted their price target on shares of American Integrity Insurance Group from $20.00 to $23.00 and gave the company an “overweight” rating in a research note on Wednesday, July 15th. Citigroup restated an “outperform” rating on shares of American Integrity Insurance Group in a report on Wednesday, May 13th. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of American Integrity Insurance Group from $28.00 to $27.00 and set an “outperform” rating for the company in a report on Tuesday, April 7th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.75.

American Integrity Insurance Group Stock Down 1.4%

Shares of NYSE:AII opened at $17.88 on Friday. The stock has a market cap of $350.35 million, a price-to-earnings ratio of 4.08 and a beta of -0.14. American Integrity Insurance Group, Inc. has a 12-month low of $16.19 and a 12-month high of $26.36. The business’s 50 day moving average is $17.68 and its 200 day moving average is $18.55.

American Integrity Insurance Group (NYSE:AII) last released its quarterly earnings results on Tuesday, May 12th. The company reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.09. American Integrity Insurance Group had a return on equity of 27.04% and a net margin of 27.56%.The business had revenue of $90.93 million during the quarter. As a group, equities research analysts expect that American Integrity Insurance Group, Inc. will post 2.73 earnings per share for the current year.

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.