Robert Ritchie Sells 45,461 Shares of American Integrity Insurance Group (NYSE:AII) Stock

American Integrity Insurance Group, Inc. (NYSE:AII) CEO Robert Ritchie sold 45,461 shares of the stock in a transaction on Monday, August 24th. The stock was sold at an average price of $26.30, for a total transaction of $1,195,624.30. Following the completion of the sale, the chief executive officer owned 2,028,536 shares in the company, valued at approximately $53,350,496.80. This trade represents a 2.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

American Integrity Insurance Group Stock Performance

NYSE:AII traded up $0.30 on Wednesday, reaching $26.64. The company’s stock had a trading volume of 275,276 shares, compared to its average volume of 133,316. American Integrity Insurance Group, Inc. has a 1-year low of $16.19 and a 1-year high of $27.00. The business’s 50-day moving average price is $20.21 and its two-hundred day moving average price is $19.06. The firm has a market cap of $521.88 million, a PE ratio of 5.92 and a beta of -0.20.

American Integrity Insurance Group (NYSE:AII) last released its quarterly earnings results on Tuesday, August 11th. The company reported $1.78 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.97. American Integrity Insurance Group had a net margin of 26.20% and a return on equity of 26.74%. The company had revenue of $115.17 million during the quarter. As a group, sell-side analysts expect that American Integrity Insurance Group, Inc. will post 3.79 EPS for the current year.

Analyst Ratings Changes

Several analysts have issued reports on AII shares. Citigroup reaffirmed an “outperform” rating on shares of American Integrity Insurance Group in a research report on Wednesday, August 12th. Weiss Ratings upgraded shares of American Integrity Insurance Group from a “sell (d-)” rating to a “sell (d)” rating in a research note on Monday, June 1st. Citizens Jmp upped their target price on shares of American Integrity Insurance Group from $25.00 to $26.00 and gave the company a “market outperform” rating in a report on Wednesday, August 12th. Piper Sandler raised their target price on shares of American Integrity Insurance Group from $23.00 to $26.00 and gave the company an “overweight” rating in a research note on Thursday, August 13th. Finally, Raymond James Financial set a $27.00 price target on American Integrity Insurance Group in a report on Thursday, August 20th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $26.50.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in AII. Geode Capital Management LLC bought a new stake in shares of American Integrity Insurance Group in the second quarter valued at approximately $1,382,000. XTX Topco Ltd bought a new position in American Integrity Insurance Group during the 2nd quarter worth $192,000. Marshall Wace LLP acquired a new position in American Integrity Insurance Group in the 2nd quarter valued at $2,123,000. Qube Research & Technologies Ltd acquired a new position in American Integrity Insurance Group in the 2nd quarter valued at $292,000. Finally, The Manufacturers Life Insurance Company bought a new stake in shares of American Integrity Insurance Group during the 2nd quarter valued at $7,356,000.

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.