American Integrity Insurance Group (NYSE:AII) CEO Sells $159,000.00 in Stock

American Integrity Insurance Group, Inc. (NYSE:AII) CEO Robert Ritchie sold 6,000 shares of American Integrity Insurance Group stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $26.50, for a total value of $159,000.00. Following the transaction, the chief executive officer owned 1,893,171 shares of the company’s stock, valued at $50,169,031.50. This represents a 0.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

American Integrity Insurance Group Stock Performance

Shares of NYSE:AII opened at $26.10 on Friday. The business’s fifty day moving average price is $21.42 and its two-hundred day moving average price is $19.46. The stock has a market cap of $511.30 million, a PE ratio of 5.80 and a beta of -0.08. American Integrity Insurance Group, Inc. has a one year low of $16.19 and a one year high of $27.00.

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, topping the consensus estimate of $0.81 by $0.97. American Integrity Insurance Group had a return on equity of 26.74% and a net margin of 26.20%.The company had revenue of $115.17 million during the quarter. As a group, equities research analysts predict that American Integrity Insurance Group, Inc. will post 3.82 earnings per share for the current fiscal year.

Institutional Trading of American Integrity Insurance Group

A number of hedge funds have recently added to or reduced their stakes in the business. Franklin Resources Inc. grew its holdings in American Integrity Insurance Group by 1,840.0% in the 3rd quarter. Franklin Resources Inc. now owns 2,988,329 shares of the company’s stock valued at $66,670,000 after buying an additional 2,834,289 shares during the period. BlackRock Inc. acquired a new stake in shares of American Integrity Insurance Group in the second quarter worth approximately $16,723,000. Wasatch Advisors LP acquired a new stake in shares of American Integrity Insurance Group in the second quarter worth approximately $16,073,000. Boston Partners grew its holdings in American Integrity Insurance Group by 212.5% in the third quarter. Boston Partners now owns 1,089,780 shares of the company’s stock valued at $24,316,000 after purchasing an additional 741,002 shares during the period. Finally, Balyasny Asset Management L.P. acquired a new position in American Integrity Insurance Group during the second quarter worth approximately $10,409,000.

Analyst Ratings Changes

A number of research analysts have issued reports on AII shares. 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. Wall Street Zen upgraded shares of American Integrity Insurance Group from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Raymond James Financial set a $27.00 price objective on shares of American Integrity Insurance Group in a research note on Thursday, August 20th. Zacks Research upgraded shares of American Integrity Insurance Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 17th. Finally, Citigroup reaffirmed an “outperform” rating on shares of American Integrity Insurance Group in a research note on Wednesday, August 12th. One investment 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. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $26.50.

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.