American Integrity Insurance Group (NYSE:AII) Major Shareholder James Sowell Buys 33,628 Shares

American Integrity Insurance Group, Inc. (NYSE:AII) major shareholder James Sowell purchased 33,628 shares of the stock in a transaction that occurred on Monday, June 8th. The stock was bought at an average cost of $16.91 per share, with a total value of $568,649.48. Following the acquisition, the insider owned 4,530,683 shares of the company’s stock, valued at $76,613,849.53. This represents a 0.75% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

American Integrity Insurance Group Price Performance

Shares of American Integrity Insurance Group stock opened at $16.83 on Friday. The firm has a market cap of $329.68 million and a P/E ratio of 3.84. The firm has a 50 day simple moving average of $18.14 and a 200 day simple moving average of $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.

American Integrity Insurance Group (NYSE:AII) last issued its quarterly earnings results on Tuesday, May 12th. The company reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.09. The business had revenue of $90.93 million during the quarter. American Integrity Insurance Group had a net margin of 27.56% and a return on equity of 27.04%. On average, sell-side analysts expect that American Integrity Insurance Group, Inc. will post 2.73 EPS for the current year.

Hedge Funds Weigh In On American Integrity Insurance Group

Institutional investors and hedge funds have recently made changes to their positions in the company. Pacific Ridge Capital Partners LLC grew its holdings in shares of American Integrity Insurance Group by 27.3% in 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 grew its holdings in shares of American Integrity Insurance Group by 12.2% in the 3rd quarter. Mink Brook Asset Management LLC now owns 478,473 shares of the company’s stock valued at $10,675,000 after buying an additional 51,933 shares during the period. State of Wyoming acquired a new position in shares of American Integrity Insurance Group in the 1st quarter valued at $134,000. Emerald Advisers LLC grew its holdings in shares of American Integrity Insurance Group by 23.7% in the 1st quarter. Emerald Advisers LLC now owns 39,127 shares of the company’s stock valued at $754,000 after buying an additional 7,506 shares during the period. Finally, Strs Ohio grew its holdings in shares of American Integrity Insurance Group by 111.7% in the 1st quarter. Strs Ohio now owns 29,000 shares of the company’s stock valued at $559,000 after buying an additional 15,300 shares during the period.

Wall Street Analysts Forecast Growth

A number of analysts have commented on AII shares. Weiss Ratings raised shares of American Integrity Insurance Group from a “sell (d-)” rating to a “sell (d)” rating in a report on Monday, June 1st. Citizens Jmp lowered their target price on shares of American Integrity Insurance Group from $28.00 to $25.00 and set a “market outperform” rating for the company in a report on Wednesday, May 13th. Keefe, Bruyette & Woods lowered their target price on shares of American Integrity Insurance Group from $28.00 to $27.00 and set an “outperform” rating for the company in a report on Tuesday, April 7th. Finally, Citigroup reaffirmed an “outperform” rating on shares of American Integrity Insurance Group in a report on Wednesday, May 13th. Five research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, American Integrity Insurance Group presently has an average rating of “Moderate Buy” and an average price target 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.