American Integrity Insurance Group (NYSE:AII) Stock: Insider Robert Ritchie Sells 50,700 Shares

American Integrity Insurance Group, Inc. (NYSE:AII) CEO Robert Ritchie sold 50,700 shares of American Integrity Insurance Group stock in a transaction on Tuesday, October 13th. The shares were sold at an average price of $27.41, for a total transaction of $1,389,687.00. Following the completion of the sale, the chief executive officer owned 1,760,433 shares in the company, valued at approximately $48,253,468.53. This represents a 2.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

American Integrity Insurance Group Stock Down 0.3%

Shares of AII stock opened at $27.41 on Thursday. The stock has a market cap of $536.98 million, a P/E ratio of 6.09 and a beta of 0.02. American Integrity Insurance Group, Inc. has a 52 week low of $16.19 and a 52 week high of $27.86. The company’s fifty day simple moving average is $25.38 and its two-hundred day simple moving average is $20.86.

American Integrity Insurance Group (NYSE:AII) last released its quarterly earnings data on Tuesday, August 11th. The company reported $1.78 EPS for the quarter, beating the consensus estimate of $0.81 by $0.97. The business had revenue of $115.17 million during the quarter. American Integrity Insurance Group had a net margin of 26.20% and a return on equity of 26.74%. On average, analysts anticipate that American Integrity Insurance Group, Inc. will post 4.02 EPS for the current fiscal year.

Hedge Funds Weigh In On American Integrity Insurance Group

A number of large investors have recently made changes to their positions in AII. GAMMA Investing LLC raised its holdings in shares of American Integrity Insurance Group by 9,544.4% in the third quarter. GAMMA Investing LLC now owns 1,736 shares of the company’s stock worth $43,000 after buying an additional 1,718 shares during the period. NewEdge Advisors LLC lifted its position in shares of American Integrity Insurance Group by 156.2% in the 1st quarter. NewEdge Advisors LLC now owns 4,100 shares of the company’s stock worth $79,000 after purchasing an additional 2,500 shares during the period. State of Wyoming purchased a new stake in American Integrity Insurance Group during the first quarter worth $134,000. Deutsche Bank AG bought a new stake in American Integrity Insurance Group during the 2nd quarter valued at $199,000. Finally, PDT Partners LLC bought a new stake in American Integrity Insurance Group during the 2nd quarter valued at $216,000.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Citizens Jmp increased their price target on American Integrity Insurance Group from $26.00 to $29.00 and gave the company a “market outperform” rating in a research note on Monday. Weiss Ratings reaffirmed a “sell (d)” rating on shares of American Integrity Insurance Group in a research note on Thursday, August 27th. Keefe, Bruyette & Woods lifted their price objective on American Integrity Insurance Group from $29.00 to $31.00 and gave the stock an “outperform” rating in a research note on Monday. Piper Sandler upped their price objective 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. Finally, Citigroup reiterated an “outperform” rating on shares of American Integrity Insurance Group in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $28.25.

More American Integrity Insurance Group News

Here are the key news stories impacting American Integrity Insurance Group this week:

• Positive Sentiment: Zacks named AII a Strong Buy value stock. The inclusion on Zacks’ Rank #1 value list highlights the company’s low valuation and potentially attractive earnings outlook. AII trades at roughly 6 times earnings, while analysts expect about $3.82 in earnings per share for the current year. Best Value Stocks to Buy for October 14th
• Positive Sentiment: Analyst sentiment and institutional interest remain constructive. Recent coverage cited price-target increases from Keefe, Bruyette & Woods and Citizens JMP, while BlackRock and other institutions established positions during the second quarter. The average analyst price target is approximately $28.25, modestly above the referenced trading level.
• Neutral Sentiment: Momentum is strong, but valuation expectations are becoming more demanding. AII remains close to its 52-week high and trades well above its 50-day and 200-day moving averages. Its latest quarterly results were strong, with EPS of $1.78 versus an $0.81 consensus estimate, but the stock’s proximity to its high leaves less room for disappointing results.
• Negative Sentiment: CEO Robert Ritchie sold a substantial amount of stock. He sold a combined 123,564 shares from October 9 through October 13 for approximately $3.37 million, reducing his direct ownership by about 6.7%. Although he still owns roughly 1.76 million shares, the cluster of sales could raise concerns about insider confidence or near-term valuation and may weigh on the stock. American Integrity Insurance Group CEO Insider Transactions

About American Integrity Insurance Group

American Integrity Insurance Group, Inc is an insurance company focused on residential property coverage in catastrophe-exposed markets. Through its insurance subsidiaries, the company primarily serves homeowners and other residential policyholders, with an emphasis on providing protection against risks such as wind, hurricanes and other property-related losses.

Its product offerings include homeowners insurance and related personal-lines products for owner-occupied residences, condominium unit owners, renters and other residential properties.