Robert Ritchie Sells 9,174 Shares of American Integrity Insurance Group (NYSE:AII) Stock

American Integrity Insurance Group, Inc. (NYSE:AII) CEO Robert Ritchie sold 9,174 shares of American Integrity Insurance Group stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $25.92, for a total transaction of $237,790.08. Following the completion of the transaction, the chief executive officer directly owned 1,883,997 shares in the company, valued at approximately $48,833,202.24. The trade was a 0.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

American Integrity Insurance Group Price Performance

NYSE AII opened at $26.10 on Friday. American Integrity Insurance Group, Inc. has a 52 week low of $16.19 and a 52 week high of $27.00. The company has a 50 day moving average price of $21.42 and a 200 day moving average price of $19.46. The firm has a market cap of $511.30 million, a PE ratio of 5.80 and a beta of -0.08.

American Integrity Insurance Group (NYSE:AII) last released its quarterly earnings results on Tuesday, August 11th. The company reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.97. The business had revenue of $115.17 million for the quarter. American Integrity Insurance Group had a net margin of 26.20% and a return on equity of 26.74%. On average, equities research analysts anticipate that American Integrity Insurance Group, Inc. will post 3.82 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently weighed in on AII shares. Wall Street Zen upgraded American Integrity Insurance Group from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. Citigroup reissued an “outperform” rating on shares of American Integrity Insurance Group in a report on Wednesday, August 12th. Zacks Research upgraded American Integrity Insurance Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 17th. Weiss Ratings restated a “sell (d)” rating on shares of American Integrity Insurance Group in a report on Thursday, August 27th. Finally, Raymond James Financial set a $27.00 price objective on shares of American Integrity Insurance Group in a research report on Thursday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $26.50.

Hedge Funds Weigh In On American Integrity Insurance Group

Hedge funds have recently made changes to their positions in the company. NewEdge Advisors LLC acquired a new stake in American Integrity Insurance Group during the 4th quarter worth about $33,000. New York State Common Retirement Fund purchased a new position in shares of American Integrity Insurance Group during the fourth quarter worth $42,000. Police & Firemen s Retirement System of New Jersey lifted its position in American Integrity Insurance Group by 172.7% during the fourth quarter. Police & Firemen s Retirement System of New Jersey now owns 2,446 shares of the company’s stock valued at $51,000 after purchasing an additional 1,549 shares during the period. California State Teachers Retirement System lifted its position in American Integrity Insurance Group by 375.8% during the second 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 during the period. Finally, JPMorgan Chase & Co. purchased a new stake in American Integrity Insurance Group in the third quarter valued at $72,000.

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.