American Integrity Insurance Group, Inc. (NYSE:AII – Get Free Report) major shareholder James Sowell acquired 33,628 shares of the stock in a transaction dated Monday, June 8th. The shares were purchased at an average cost of $16.91 per share, with a total value of $568,649.48. Following the completion of the purchase, the insider owned 4,530,683 shares of the company’s stock, valued at approximately $76,613,849.53. The trade was a 0.75% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.
American Integrity Insurance Group Trading Up 1.5%
Shares of NYSE:AII opened at $17.11 on Friday. American Integrity Insurance Group, Inc. has a 12 month low of $15.77 and a 12 month high of $26.36. The company has a 50-day moving average price of $18.10 and a 200-day moving average price of $19.00. The company has a market cap of $335.15 million and a price-to-earnings ratio of 3.91.
American Integrity Insurance Group (NYSE:AII – Get Free Report) last announced its quarterly earnings results on Tuesday, May 12th. The company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.09. American Integrity Insurance Group had a net margin of 27.56% and a return on equity of 27.04%. The company had revenue of $90.93 million for the quarter. As a group, research analysts forecast that American Integrity Insurance Group, Inc. will post 2.73 EPS for the current fiscal year.
Analyst Ratings Changes
View Our Latest Research Report on American Integrity Insurance Group
Institutional Investors Weigh In On American Integrity Insurance Group
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Franklin Resources Inc. grew its holdings in American Integrity Insurance Group by 1,840.0% in the third quarter. Franklin Resources Inc. now owns 2,988,329 shares of the company’s stock worth $66,670,000 after purchasing an additional 2,834,289 shares during the period. Wasatch Advisors LP grew its holdings in American Integrity Insurance Group by 38.6% in the first quarter. Wasatch Advisors LP now owns 1,192,192 shares of the company’s stock worth $22,985,000 after purchasing an additional 331,766 shares during the period. Boston Partners grew its holdings in American Integrity Insurance Group by 9.3% in the fourth quarter. Boston Partners now owns 1,191,145 shares of the company’s stock worth $24,809,000 after purchasing an additional 101,365 shares during the period. Mink Brook Asset Management LLC grew its holdings in American Integrity Insurance Group by 35.5% in the fourth quarter. Mink Brook Asset Management LLC now owns 648,405 shares of the company’s stock worth $13,506,000 after purchasing an additional 169,932 shares during the period. Finally, Balyasny Asset Management L.P. purchased a new stake in American Integrity Insurance Group in the second quarter worth about $10,409,000.
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.
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