American Integrity Insurance Group (NYSE:AII) CEO Sells $1,708,850.00 in Stock

American Integrity Insurance Group, Inc. (NYSE:AII) CEO Robert Ritchie sold 65,000 shares of the business’s stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $26.29, for a total value of $1,708,850.00. Following the completion of the sale, the chief executive officer owned 1,963,536 shares in the company, valued at approximately $51,621,361.44. The trade was a 3.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

American Integrity Insurance Group Stock Performance

AII stock opened at $26.26 on Friday. The company has a market capitalization of $514.43 million, a price-to-earnings ratio of 5.84 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 fifty day moving average of $20.77 and a 200-day moving average of $19.22.

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

Analyst Ratings Changes

Several research firms have recently issued reports on AII. Wall Street Zen raised shares of American Integrity Insurance Group from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Raymond James Financial set a $27.00 price objective on shares of American Integrity Insurance Group in a report on Thursday, August 20th. 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. Zacks Research upgraded American Integrity Insurance Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 17th. Finally, Piper Sandler raised their price target on American Integrity Insurance Group from $23.00 to $26.00 and gave the stock an “overweight” rating in a report on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $26.50.

Hedge Funds Weigh In On American Integrity Insurance Group

Large investors have recently modified their holdings of the company. Police & Firemen s Retirement System of New Jersey increased its holdings in American Integrity Insurance Group by 172.7% during 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 acquiring an additional 1,549 shares during the period. NewEdge Advisors LLC purchased a new stake in American Integrity Insurance Group in the 4th quarter worth approximately $33,000. New York State Common Retirement Fund bought a new position in American Integrity Insurance Group in the 4th quarter valued at $42,000. Bank of America Corp DE boosted its holdings in American Integrity Insurance Group by 0.8% in the 1st quarter. Bank of America Corp DE now owns 293,443 shares of the company’s stock valued at $5,658,000 after purchasing an additional 2,193 shares during the period. Finally, California State Teachers Retirement System grew its position in shares of American Integrity Insurance Group by 375.8% during the 2nd quarter. California State Teachers Retirement System now owns 3,145 shares of the company’s stock valued at $59,000 after purchasing an additional 2,484 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.