American Integrity Insurance Group (NYSE:AII) CEO Sells $883,040.80 in Stock

American Integrity Insurance Group, Inc. (NYSE:AII) CEO Robert Ritchie sold 38,260 shares of the firm’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $23.08, for a total transaction of $883,040.80. Following the sale, the chief executive officer directly owned 2,277,013 shares in the company, valued at approximately $52,553,460.04. The trade was a 1.65% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

American Integrity Insurance Group Trading Down 0.1%

Shares of American Integrity Insurance Group stock opened at $23.97 on Monday. The company has a fifty day simple moving average of $19.01 and a 200-day simple moving average of $18.72. American Integrity Insurance Group, Inc. has a 12-month low of $16.19 and a 12-month high of $26.36. The stock has a market cap of $469.55 million, a price-to-earnings ratio of 5.33 and a beta of -0.20.

American Integrity Insurance Group (NYSE:AII) last posted its earnings results on Tuesday, August 11th. The company reported $1.78 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.97. American Integrity Insurance Group had a net margin of 26.20% and a return on equity of 26.74%. The firm had revenue of $115.17 million for the quarter. On average, analysts forecast that American Integrity Insurance Group, Inc. will post 3.32 earnings per share for the current fiscal year.

Institutional Investors Weigh In On American Integrity Insurance Group

Several hedge funds have recently made changes to their positions in AII. Franklin Resources Inc. grew its holdings in shares of American Integrity Insurance Group by 1,840.0% during the third quarter. Franklin Resources Inc. now owns 2,988,329 shares of the company’s stock worth $66,670,000 after buying an additional 2,834,289 shares during the last quarter. Wasatch Advisors LP raised its stake in American Integrity Insurance Group by 5.7% during the 2nd quarter. Wasatch Advisors LP now owns 1,260,169 shares of the company’s stock valued at $23,729,000 after acquiring an additional 67,977 shares during the last quarter. Boston Partners lifted its position in American Integrity Insurance Group by 9.3% during the 4th quarter. Boston Partners now owns 1,191,145 shares of the company’s stock worth $24,809,000 after acquiring an additional 101,365 shares during the period. BlackRock Inc. acquired a new stake in American Integrity Insurance Group during the 2nd quarter worth approximately $16,723,000. Finally, Mink Brook Asset Management LLC grew its stake in shares of American Integrity Insurance Group by 35.5% in the 4th quarter. Mink Brook Asset Management LLC now owns 648,405 shares of the company’s stock valued at $13,506,000 after purchasing an additional 169,932 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Citigroup reiterated an “outperform” rating on shares of American Integrity Insurance Group in a research report on Wednesday. Piper Sandler raised their price target on American Integrity Insurance Group from $23.00 to $26.00 and gave the stock an “overweight” rating in a research note on Thursday. Citizens Jmp lifted their price target on American Integrity Insurance Group from $25.00 to $26.00 and gave the stock a “market outperform” rating in a research report on Wednesday, August 12th. Wall Street Zen upgraded American Integrity Insurance Group from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Weiss Ratings raised American Integrity Insurance Group from a “sell (d-)” rating to a “sell (d)” rating in a report on Monday, June 1st. Five investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.