Insider Selling: American Integrity Insurance Group (NYSE:AII) CEO Sells $1,447,739.95 in Stock

American Integrity Insurance Group, Inc. (NYSE:AII) CEO Robert Ritchie sold 54,365 shares of the stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $26.63, for a total value of $1,447,739.95. Following the transaction, the chief executive officer directly owned 1,909,171 shares of the company’s stock, valued at approximately $50,841,223.73. The trade was a 2.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

American Integrity Insurance Group Stock Performance

AII opened at $26.26 on Monday. American Integrity Insurance Group, Inc. has a one year low of $16.19 and a one year high of $27.00. The stock’s fifty day moving average is $20.77 and its 200-day moving average is $19.23. The company has a market capitalization of $514.43 million, a PE ratio of 5.84 and a beta of -0.20.

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Franklin Resources Inc. lifted its position in American Integrity Insurance Group by 1,840.0% in the 3rd 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 in the last quarter. BlackRock Inc. acquired a new stake in shares of American Integrity Insurance Group during the 2nd quarter valued at $16,723,000. Wasatch Advisors LP purchased a new position in shares of American Integrity Insurance Group during the 2nd quarter valued at $16,073,000. Boston Partners grew its holdings in shares of American Integrity Insurance Group by 212.5% during the 3rd quarter. Boston Partners now owns 1,089,780 shares of the company’s stock valued at $24,316,000 after acquiring an additional 741,002 shares in the last quarter. Finally, Balyasny Asset Management L.P. acquired a new position in shares of American Integrity Insurance Group in the second quarter worth $10,409,000.

Wall Street Analyst Weigh In

AII has been the subject of several research reports. Citizens Jmp raised their price objective on shares of American Integrity Insurance Group from $25.00 to $26.00 and gave the company a “market outperform” rating in a research report on Wednesday, August 12th. Zacks Research upgraded shares of American Integrity Insurance Group from a “hold” rating to a “strong-buy” rating in a report on Monday, August 17th. Citigroup reissued an “outperform” rating on shares of American Integrity Insurance Group in a research note on Wednesday, August 12th. Raymond James Financial set a $27.00 price target on shares of American Integrity Insurance Group in a research report on Thursday, August 20th. 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. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Sell rating to the company. According to MarketBeat, American Integrity Insurance Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $26.50.

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.