American Integrity Insurance Group (NYSE:AII) CEO Robert Ritchie Sells 45,461 Shares of Stock

American Integrity Insurance Group, Inc. (NYSE:AII) CEO Robert Ritchie sold 45,461 shares of the firm’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $26.30, for a total value of $1,195,624.30. Following the transaction, the chief executive officer owned 2,028,536 shares in the company, valued at approximately $53,350,496.80. This trade represents a 2.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

American Integrity Insurance Group Price Performance

Shares of AII stock opened at $26.64 on Thursday. The stock has a market cap of $521.88 million, a PE ratio of 5.92 and a beta of -0.20. The stock has a 50-day moving average of $20.39 and a 200-day moving average of $19.12. American Integrity Insurance Group, Inc. has a one year low of $16.19 and a one year high of $27.00.

American Integrity Insurance Group (NYSE:AII) last released its quarterly earnings data on Tuesday, August 11th. The company reported $1.78 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.97. The business had revenue of $115.17 million for the quarter. American Integrity Insurance Group had a net margin of 26.20% and a return on equity of 26.74%. As a group, research analysts anticipate that American Integrity Insurance Group, Inc. will post 3.79 earnings per share for the current year.

Wall Street Analyst Weigh In

AII has been the subject of several research analyst reports. Piper Sandler boosted their price target 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, August 13th. Weiss Ratings upgraded American Integrity Insurance Group from a “sell (d-)” rating to a “sell (d)” rating in a report on Monday, June 1st. Raymond James Financial set a $27.00 target price on American Integrity Insurance Group in a research note on Thursday, August 20th. Zacks Research upgraded American Integrity Insurance Group from a “hold” rating to a “strong-buy” rating in a report on Monday, August 17th. Finally, Citigroup reaffirmed an “outperform” rating on shares of American Integrity Insurance Group in a research report on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, American Integrity Insurance Group presently has an average rating of “Moderate Buy” and an average price target of $26.50.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Franklin Resources Inc. increased its position 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 acquiring an additional 2,834,289 shares in the last quarter. Wasatch Advisors LP lifted its position 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 valued at $23,729,000 after acquiring an additional 67,977 shares in the last quarter. Boston Partners lifted its position 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 valued at $24,809,000 after acquiring an additional 101,365 shares in the last quarter. BlackRock Inc. acquired a new position in American Integrity Insurance Group in the 2nd quarter worth $16,723,000. Finally, Mink Brook Asset Management LLC boosted its stake in 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 worth $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.