Insider Selling: American Integrity Insurance Group (NYSE:AII) CEO Sells 33,000 Shares

American Integrity Insurance Group, Inc. (NYSE:AII) CEO Robert Ritchie sold 33,000 shares of the company’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $20.68, for a total transaction of $682,440.00. Following the completion of the transaction, the chief executive officer owned 2,400,997 shares of the company’s stock, valued at $49,652,617.96. This trade represents a 1.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

American Integrity Insurance Group Stock Performance

AII traded down $0.13 during trading on Wednesday, reaching $20.79. The stock had a trading volume of 73,965 shares, compared to its average volume of 124,954. The business has a 50-day moving average of $18.18 and a 200-day moving average of $18.56. American Integrity Insurance Group, Inc. has a one year low of $16.19 and a one year high of $26.36. The stock has a market cap of $407.32 million, a PE ratio of 4.75 and a beta of -0.20.

American Integrity Insurance Group (NYSE:AII) last issued its quarterly earnings results on Tuesday, May 12th. The company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.09. American Integrity Insurance Group had a return on equity of 27.04% and a net margin of 27.56%.The firm had revenue of $90.93 million during the quarter. Equities research analysts forecast that American Integrity Insurance Group, Inc. will post 2.73 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently weighed in on AII. Weiss Ratings upgraded American Integrity Insurance Group from a “sell (d-)” rating to a “sell (d)” rating in a research report on Monday, June 1st. Piper Sandler increased their price target on shares of American Integrity Insurance Group from $20.00 to $23.00 and gave the company an “overweight” rating in a research report on Wednesday, July 15th. Citizens Jmp decreased their price target on shares of American Integrity Insurance Group from $28.00 to $25.00 and set a “market outperform” rating on the stock in a research note on Wednesday, May 13th. Citigroup restated an “outperform” rating on shares of American Integrity Insurance Group in a report on Wednesday, May 13th. Finally, Keefe, Bruyette & Woods reduced their price objective on American Integrity Insurance Group from $28.00 to $27.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 7th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $25.75.

Institutional Trading of American Integrity Insurance Group

Several hedge funds and other institutional investors have recently bought and sold shares of AII. NewEdge Advisors LLC purchased a new stake in shares of American Integrity Insurance Group during the fourth quarter valued at approximately $33,000. New York State Common Retirement Fund purchased a new position in shares of American Integrity Insurance Group in the fourth quarter worth $42,000. Police & Firemen s Retirement System of New Jersey increased its stake in shares of American Integrity Insurance Group by 172.7% in the fourth 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 period. JPMorgan Chase & Co. bought a new stake in American Integrity Insurance Group during the 3rd quarter valued at $72,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in American Integrity Insurance Group during the 3rd quarter valued at $83,000.

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.