Insider Selling: American Integrity Insurance Group (NYSE:AII) CEO Sells 50,000 Shares

American Integrity Insurance Group, Inc. (NYSE:AII) CEO Robert Ritchie sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $23.65, for a total value of $1,182,500.00. Following the transaction, the chief executive officer directly owned 2,227,013 shares in the company, valued at approximately $52,668,857.45. This represents a 2.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

American Integrity Insurance Group Trading Down 0.1%

Shares of AII stock traded down $0.03 on Friday, reaching $23.97. 193,972 shares of the company’s stock were exchanged, compared to its average volume of 128,244. The company’s fifty day simple moving average is $18.87 and its 200 day simple moving average is $18.68. American Integrity Insurance Group, Inc. has a 52 week low of $16.19 and a 52 week high of $26.36. The stock has a market capitalization of $469.55 million, a PE ratio of 5.33 and a beta of -0.20.

American Integrity Insurance Group (NYSE:AII) last announced its quarterly earnings data on Tuesday, August 11th. The company reported $1.78 EPS for the quarter, beating the consensus estimate of $0.81 by $0.97. American Integrity Insurance Group had a return on equity of 27.56% and a net margin of 26.20%.The company had revenue of $115.17 million for the quarter. As a group, sell-side analysts predict that American Integrity Insurance Group, Inc. will post 2.73 earnings per share for the current fiscal year.

Institutional Trading of American Integrity Insurance Group

Several institutional investors and hedge funds have recently made changes to their positions in AII. FJ Capital Management LLC raised its stake in American Integrity Insurance Group by 1,261.6% in the fourth quarter. FJ Capital Management LLC now owns 153,491 shares of the company’s stock worth $3,197,000 after buying an additional 142,218 shares in the last quarter. Wasatch Advisors LP increased its holdings in shares of American Integrity Insurance Group by 38.6% in the 1st quarter. Wasatch Advisors LP now owns 1,192,192 shares of the company’s stock valued at $22,985,000 after acquiring an additional 331,766 shares during the period. Pacific Ridge Capital Partners LLC increased its holdings in shares of American Integrity Insurance Group by 24.0% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 310,325 shares of the company’s stock valued at $6,464,000 after acquiring an additional 60,072 shares during the period. Dockside LLC bought a new position in shares of American Integrity Insurance Group in the 4th quarter worth $319,000. Finally, Lazard Asset Management LLC purchased a new stake in shares of American Integrity Insurance Group during the 1st quarter worth $443,000.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on AII shares. Piper Sandler lifted their price objective on shares of American Integrity Insurance Group from $23.00 to $26.00 and gave the company an “overweight” rating in a report on Thursday. 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. Citigroup reaffirmed an “outperform” rating on shares of American Integrity Insurance Group in a research note on Wednesday. Finally, Citizens Jmp boosted their price target on American Integrity Insurance Group from $25.00 to $26.00 and gave the company a “market outperform” rating in a report on Wednesday. Five investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $26.75.

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.