American Integrity Insurance Group (NYSE:AII) Major Shareholder James Sowell Purchases 23,231 Shares

American Integrity Insurance Group, Inc. (NYSE:AII) major shareholder James Sowell bought 23,231 shares of the company’s stock in a transaction dated Friday, June 5th. The stock was acquired at an average price of $16.92 per share, for a total transaction of $393,068.52. Following the acquisition, the insider directly owned 4,497,055 shares in the company, valued at $76,090,170.60. This trade represents a 0.52% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Large 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 Price Performance

Shares of AII opened at $16.83 on Friday. The company has a market capitalization of $329.68 million and a price-to-earnings ratio of 3.84. American Integrity Insurance Group, Inc. has a fifty-two week low of $15.77 and a fifty-two week high of $26.36. The business’s 50-day moving average is $18.14 and its 200-day moving average is $19.01.

American Integrity Insurance Group (NYSE:AII) last issued its 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 company had revenue of $90.93 million for the quarter. American Integrity Insurance Group had a return on equity of 27.04% and a net margin of 27.56%. Equities research analysts expect that American Integrity Insurance Group, Inc. will post 2.73 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Citizens Jmp dropped their target price 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. 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. Citigroup reissued an “outperform” rating on shares of American Integrity Insurance Group in a research note on Wednesday, May 13th. Finally, Weiss Ratings raised American Integrity Insurance Group from a “sell (d-)” rating to a “sell (d)” rating in a research note on Monday, June 1st. Five research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, American Integrity Insurance Group presently has an average rating of “Moderate Buy” and a consensus target price of $26.75.

Institutional Investors Weigh In On American Integrity Insurance Group

Large investors have recently made changes to their positions in the company. Pacific Ridge Capital Partners LLC grew its stake 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 in the last quarter. Mink Brook Asset Management LLC grew its stake 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 in the last quarter. State of Wyoming bought a new stake in shares of American Integrity Insurance Group in the 1st quarter valued at approximately $134,000. Emerald Advisers LLC grew its stake 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 in the last quarter. Finally, Strs Ohio grew its stake 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 in the last quarter.

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.