American Integrity Insurance Group (NYSE:AII) CEO Robert Ritchie Sells 19,122 Shares of Stock

American Integrity Insurance Group, Inc. (NYSE:AII) CEO Robert Ritchie sold 19,122 shares of the company’s stock in a transaction on Wednesday, November 11th. The stock was sold at an average price of $30.01, for a total value of $573,851.22. Following the sale, the chief executive officer owned 1,714,875 shares of the company’s stock, valued at approximately $51,463,398.75. This represents a 1.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

American Integrity Insurance Group Price Performance

NYSE:AII traded down $0.61 during trading hours on Friday, hitting $27.81. The company’s stock had a trading volume of 224,543 shares, compared to its average volume of 214,471. American Integrity Insurance Group, Inc. has a twelve month low of $16.19 and a twelve month high of $32.21. The stock has a fifty day simple moving average of $27.09 and a 200-day simple moving average of $21.33. The company has a market capitalization of $544.82 million, a P/E ratio of 5.28 and a beta of -0.17.

American Integrity Insurance Group (NYSE:AII) last issued its earnings results on Tuesday, November 10th. The company reported $1.44 EPS for the quarter, topping the consensus estimate of $0.67 by $0.77. The firm had revenue of $113.49 million during the quarter. American Integrity Insurance Group had a return on equity of 30.27% and a net margin of 26.64%. On average, equities analysts predict that American Integrity Insurance Group, Inc. will post 4.27 EPS for the current fiscal year.

Institutional Trading of American Integrity Insurance Group

Hedge funds have recently made changes to their positions in the company. Wasatch Advisors LP increased its stake in shares of American Integrity Insurance Group by 5.7% in the second quarter. Wasatch Advisors LP now owns 1,260,169 shares of the company’s stock valued at $23,729,000 after buying an additional 67,977 shares during the period. BlackRock Inc. acquired a new stake in American Integrity Insurance Group during the 2nd quarter worth approximately $16,723,000. Freestone Grove Partners LP bought a new stake in American Integrity Insurance Group during the 2nd quarter worth approximately $9,251,000. Russell Investments Group Ltd. grew its holdings in American Integrity Insurance Group by 39.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 455,804 shares of the company’s stock worth $11,391,000 after acquiring an additional 128,920 shares during the last quarter. Finally, Bank of America Corp DE increased its position in American Integrity Insurance Group by 0.8% in the 1st quarter. Bank of America Corp DE now owns 293,443 shares of the company’s stock valued at $5,658,000 after acquiring an additional 2,193 shares during the period.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Citizens Jmp upped their price objective on shares of American Integrity Insurance Group from $29.00 to $32.00 and gave the stock a “market outperform” rating in a research report on Wednesday. Citigroup restated an “outperform” rating on shares of American Integrity Insurance Group in a research report on Monday, October 12th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of American Integrity Insurance Group in a research note on Thursday, August 27th. Raymond James Financial reiterated an “outperform” rating on shares of American Integrity Insurance Group in a report on Tuesday, October 6th. Finally, Keefe, Bruyette & Woods upped their price target on shares of American Integrity Insurance Group from $29.00 to $31.00 and gave the stock an “outperform” rating in a report on Monday, October 12th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $29.00.

American Integrity Insurance Group Company Profile

American Integrity Insurance Group, Inc. is a property and casualty insurance holding company focused primarily on the Florida residential market. Its insurance products include coverage for homeowners, condominium unit owners, renters, manufactured homes and rental properties. The company was founded in 2006 and is headquartered in Tampa, Florida. It serves customers through independent insurance agents and operates through its insurance subsidiaries, including American Integrity Insurance Company of Florida.