Insider Buying: American Integrity Insurance Group (NYSE:AII) Major Shareholder Acquires $568,649.48 in Stock

American Integrity Insurance Group, Inc. (NYSE:AII) major shareholder James Sowell purchased 33,628 shares of American Integrity Insurance Group stock in a transaction that occurred on Monday, June 8th. The stock was purchased at an average price of $16.91 per share, with a total value of $568,649.48. Following the completion of the purchase, the insider directly owned 4,530,683 shares in the company, valued at $76,613,849.53. This trade represents a 0.75% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

American Integrity Insurance Group Stock Performance

AII opened at $17.11 on Friday. The firm has a market cap of $335.15 million and a P/E ratio of 3.91. American Integrity Insurance Group, Inc. has a 52-week low of $15.77 and a 52-week high of $26.36. The business’s fifty day moving average is $18.10 and its 200-day moving average is $19.00.

American Integrity Insurance Group (NYSE:AII) last announced its quarterly earnings data 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. The business had revenue of $90.93 million during the quarter. American Integrity Insurance Group had a return on equity of 27.04% and a net margin of 27.56%. On average, research analysts predict that American Integrity Insurance Group, Inc. will post 2.73 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently commented on AII shares. Citigroup reaffirmed an “outperform” rating on shares of American Integrity Insurance Group in a research note on Wednesday, May 13th. Keefe, Bruyette & Woods dropped their target price on American Integrity Insurance Group from $28.00 to $27.00 and set an “outperform” rating on the stock in a report on Tuesday, April 7th. Weiss Ratings upgraded American Integrity Insurance Group from a “sell (d-)” rating to a “sell (d)” rating in a report on Monday, June 1st. Finally, Citizens Jmp dropped their price target on American Integrity Insurance Group from $28.00 to $25.00 and set a “market outperform” rating on the stock in a report on Wednesday, May 13th. Five equities research 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 an average price target of $26.75.

Hedge Funds Weigh In On American Integrity Insurance Group

A number of hedge funds and other institutional investors have recently modified their holdings of AII. Pacific Ridge Capital Partners LLC lifted its holdings in shares of American Integrity Insurance Group by 27.3% during the 3rd quarter. Pacific Ridge Capital Partners LLC now owns 250,253 shares of the company’s stock valued at $5,583,000 after buying an additional 53,713 shares during the period. Mink Brook Asset Management LLC raised its holdings in American Integrity Insurance Group by 12.2% during the third quarter. Mink Brook Asset Management LLC now owns 478,473 shares of the company’s stock valued at $10,675,000 after acquiring an additional 51,933 shares during the period. Emerald Advisers LLC raised its holdings in American Integrity Insurance Group by 23.7% during the first quarter. Emerald Advisers LLC now owns 39,127 shares of the company’s stock valued at $754,000 after acquiring an additional 7,506 shares during the period. Hsbc Holdings PLC bought a new stake in American Integrity Insurance Group during the first quarter valued at about $239,000. Finally, Strs Ohio grew its position in shares of American Integrity Insurance Group by 111.7% during the first quarter. Strs Ohio now owns 29,000 shares of the company’s stock valued at $559,000 after purchasing an additional 15,300 shares in the last quarter.

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.