American Integrity Insurance Group (NYSE:AII) Major Shareholder James Sowell Purchases 79,497 Shares

American Integrity Insurance Group, Inc. (NYSE:AII) major shareholder James Sowell purchased 79,497 shares of American Integrity Insurance Group stock in a transaction that occurred on Tuesday, June 9th. The stock was acquired at an average price of $16.85 per share, for a total transaction of $1,339,524.45. Following the transaction, the insider directly owned 4,610,180 shares of the company’s stock, valued at $77,681,533. The trade was a 1.75% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

American Integrity Insurance Group Stock Performance

Shares of AII opened at $16.83 on Friday. The company’s fifty day moving average is $18.14 and its 200 day moving average is $19.01. American Integrity Insurance Group, Inc. has a fifty-two week low of $15.77 and a fifty-two week high of $26.36. The stock has a market capitalization of $329.68 million and a PE ratio of 3.84.

American Integrity Insurance Group (NYSE:AII) last announced its quarterly earnings results on Tuesday, May 12th. The company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.09. American Integrity Insurance Group had a net margin of 27.56% and a return on equity of 27.04%. The company had revenue of $90.93 million for the quarter. As a group, research analysts forecast that American Integrity Insurance Group, Inc. will post 2.73 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of AII. Geode Capital Management LLC bought a new position in American Integrity Insurance Group during the second quarter valued at $1,382,000. XTX Topco Ltd bought a new position in American Integrity Insurance Group during the second quarter valued at $192,000. Marshall Wace LLP bought a new position in American Integrity Insurance Group during the second quarter valued at $2,123,000. Qube Research & Technologies Ltd bought a new position in American Integrity Insurance Group during the second quarter valued at $292,000. Finally, The Manufacturers Life Insurance Company bought a new position in American Integrity Insurance Group during the second quarter valued at $7,356,000.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on AII. Weiss Ratings upgraded 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 reiterated an “outperform” rating on shares of American Integrity Insurance Group in a research report on Wednesday, May 13th. Keefe, Bruyette & Woods cut their price objective on shares of American Integrity Insurance Group from $28.00 to $27.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 7th. Finally, Citizens Jmp cut their price objective on shares of American Integrity Insurance Group from $28.00 to $25.00 and set a “market outperform” rating on the stock in a research report on Wednesday, May 13th. Five research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, American Integrity Insurance Group has a consensus rating of “Moderate Buy” and a consensus target price of $26.75.

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.