Insider Selling: American Integrity Insurance Group (NYSE:AII) CEO Sells $877,800.00 in Stock

American Integrity Insurance Group, Inc. (NYSE:AII) CEO Robert Ritchie sold 35,000 shares of the business’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $25.08, for a total value of $877,800.00. Following the transaction, the chief executive officer owned 2,098,611 shares in the company, valued at approximately $52,633,163.88. This represents a 1.64% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

American Integrity Insurance Group Stock Performance

NYSE AII opened at $26.64 on Thursday. The stock has a market cap of $521.88 million, a P/E ratio of 5.92 and a beta of -0.20. American Integrity Insurance Group, Inc. has a fifty-two week low of $16.19 and a fifty-two week high of $27.00. The stock has a 50 day simple moving average of $20.39 and a two-hundred day simple moving average of $19.12.

American Integrity Insurance Group (NYSE:AII) last posted its earnings results on Tuesday, August 11th. The company reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.97. American Integrity Insurance Group had a return on equity of 26.74% and a net margin of 26.20%.The firm had revenue of $115.17 million for the quarter. Sell-side analysts predict that American Integrity Insurance Group, Inc. will post 3.79 earnings per share 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 business. Police & Firemen s Retirement System of New Jersey grew its stake in shares of American Integrity Insurance Group by 172.7% in the 4th quarter. Police & Firemen s Retirement System of New Jersey now owns 2,446 shares of the company’s stock worth $51,000 after buying an additional 1,549 shares during the last quarter. NewEdge Advisors LLC purchased a new position in American Integrity Insurance Group during the fourth quarter valued at $33,000. New York State Common Retirement Fund bought a new stake in American Integrity Insurance Group in the fourth quarter worth $42,000. Bank of America Corp DE boosted its holdings in American Integrity Insurance Group by 0.8% in the first quarter. Bank of America Corp DE now owns 293,443 shares of the company’s stock worth $5,658,000 after acquiring an additional 2,193 shares in the last quarter. Finally, California State Teachers Retirement System grew its stake in shares of American Integrity Insurance Group by 375.8% in the second quarter. California State Teachers Retirement System now owns 3,145 shares of the company’s stock worth $59,000 after acquiring an additional 2,484 shares during the last quarter.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Wall Street Zen raised shares of American Integrity Insurance Group from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. Citigroup restated an “outperform” rating on shares of American Integrity Insurance Group in a report on Wednesday, August 12th. Citizens Jmp upped their target price on American Integrity Insurance Group from $25.00 to $26.00 and gave the stock a “market outperform” rating in a report on Wednesday, August 12th. Raymond James Financial set a $27.00 target price on American Integrity Insurance Group in a research report on Thursday, August 20th. Finally, Weiss Ratings upgraded American Integrity Insurance Group from a “sell (d-)” rating to a “sell (d)” rating in a research note on Monday, June 1st. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the company 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.