American Integrity Insurance Group (NYSE:AII) Issues Quarterly Earnings Results

American Integrity Insurance Group (NYSE:AII) posted its quarterly earnings data on Tuesday. The company reported $1.78 earnings per share for the quarter, FiscalAI reports. The company had revenue of $115.17 million for the quarter. American Integrity Insurance Group had a net margin of 27.56% and a return on equity of 27.04%.

American Integrity Insurance Group Price Performance

NYSE AII traded down $0.30 during trading on Tuesday, reaching $20.25. 90,199 shares of the company’s stock traded hands, compared to its average volume of 124,559. American Integrity Insurance Group has a 12-month low of $16.19 and a 12-month high of $26.36. The firm has a market cap of $396.70 million, a price-to-earnings ratio of 4.62 and a beta of -0.20. The company’s 50 day simple moving average is $18.52 and its two-hundred day simple moving average is $18.61.

Analyst Upgrades and Downgrades

AII has been the topic of a number of analyst reports. 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. Citigroup reiterated an “outperform” rating on shares of American Integrity Insurance Group in a report on Wednesday, May 13th. Citizens Jmp dropped their price objective on American Integrity Insurance Group from $28.00 to $25.00 and set a “market outperform” rating on the stock in a research note on Wednesday, May 13th. Finally, Piper Sandler raised their price objective on American Integrity Insurance Group from $20.00 to $23.00 and gave the stock an “overweight” rating in a report on Wednesday, July 15th. Five analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, American Integrity Insurance Group currently has an average rating of “Moderate Buy” and a consensus target price of $25.75.

Insider Buying and Selling at American Integrity Insurance Group

In other news, CEO Robert C. Ritchie sold 36,965 shares of American Integrity Insurance Group stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $20.83, for a total value of $769,980.95. Following the transaction, the chief executive officer directly owned 2,334,032 shares in the company, valued at approximately $48,617,886.56. This trade represents a 1.56% decrease in their position. The sale 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 American Integrity Insurance Group stock in a transaction dated Tuesday, May 26th. The stock was bought at an average cost of $16.82 per share, with a total value of $50,460.00. Following the completion of the transaction, the director owned 6,126 shares in the company, valued at approximately $103,039.32. This represents a 95.97% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders have bought 142,256 shares of company stock valued at $2,400,973 and have sold 112,924 shares valued at $2,350,190. Corporate insiders own 16.40% of the company’s stock.

Hedge Funds Weigh In On American Integrity Insurance Group

A number of large investors have recently made changes to their positions in the business. FJ Capital Management LLC grew its holdings in shares of American Integrity Insurance Group by 1,261.6% during the fourth 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 during the last quarter. Wasatch Advisors LP lifted its position in American Integrity Insurance Group by 38.6% during the 1st quarter. Wasatch Advisors LP now owns 1,192,192 shares of the company’s stock worth $22,985,000 after acquiring an additional 331,766 shares during the period. Pacific Ridge Capital Partners LLC grew its stake in American Integrity Insurance Group by 24.0% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 310,325 shares of the company’s stock valued at $6,464,000 after purchasing an additional 60,072 shares during the last quarter. Dockside LLC acquired a new position in shares of American Integrity Insurance Group in the fourth quarter valued at about $319,000. Finally, Deutsche Bank AG acquired a new position in shares of American Integrity Insurance Group in the second quarter valued at about $199,000.

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.