Robert Ritchie Sells 6,000 Shares of American Integrity Insurance Group (NYSE:AII) Stock

American Integrity Insurance Group, Inc. (NYSE:AII) CEO Robert Ritchie sold 6,000 shares of the business’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $25.24, for a total transaction of $151,440.00. Following the sale, the chief executive officer directly owned 2,133,611 shares of the company’s stock, valued at $53,852,341.64. This represents a 0.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

American Integrity Insurance Group Stock Down 1.1%

AII stock opened at $25.27 on Friday. The company has a market cap of $495.04 million, a price-to-earnings ratio of 5.62 and a beta of -0.20. The business has a fifty day simple moving average of $19.83 and a 200-day simple moving average of $18.95. American Integrity Insurance Group, Inc. has a 52 week low of $16.19 and a 52 week high of $26.41.

American Integrity Insurance Group (NYSE:AII) last issued its earnings results on Tuesday, August 11th. The company reported $1.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.97. American Integrity Insurance Group had a return on equity of 26.74% and a net margin of 26.20%.The firm had revenue of $115.17 million for the quarter. As a group, analysts expect that American Integrity Insurance Group, Inc. will post 3.54 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on AII. Citigroup reiterated an “outperform” rating on shares of American Integrity Insurance Group in a report on Wednesday, August 12th. 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. Zacks Research upgraded shares of American Integrity Insurance Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 17th. Wall Street Zen raised shares of American Integrity Insurance Group from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Finally, Piper Sandler raised their target price on shares of American Integrity Insurance Group from $23.00 to $26.00 and gave the company an “overweight” rating in a research note on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, American Integrity Insurance Group presently has a consensus rating of “Moderate Buy” and an average price target of $26.50.

Institutional Investors Weigh In On American Integrity Insurance Group

A number of large investors have recently modified their holdings of AII. Franklin Resources Inc. raised its holdings in shares of American Integrity Insurance Group by 1,840.0% during 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 boosted its holdings in American Integrity Insurance Group by 5.7% in the 2nd quarter. Wasatch Advisors LP now owns 1,260,169 shares of the company’s stock worth $23,729,000 after acquiring an additional 67,977 shares during the period. Boston Partners boosted its holdings in American Integrity Insurance Group by 9.3% in 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 in the second quarter valued at approximately $16,723,000. Finally, Mink Brook Asset Management LLC raised its stake in shares of American Integrity Insurance Group by 35.5% during the fourth 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 period.

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.