American Integrity Insurance Group, Inc. (NYSE:AII – Get Free Report) CEO Robert Ritchie sold 38,260 shares of the firm’s stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $23.08, for a total value of $883,040.80. Following the transaction, the chief executive officer directly owned 2,277,013 shares in the company, valued at $52,553,460.04. This trade represents a 1.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
American Integrity Insurance Group Trading Down 0.1%
AII opened at $23.97 on Friday. American Integrity Insurance Group, Inc. has a 12 month low of $16.19 and a 12 month high of $26.36. The business’s 50-day moving average price is $19.01 and its 200-day moving average price is $18.72. The company has a market cap of $469.55 million, a P/E ratio of 5.33 and a beta of -0.20.
American Integrity Insurance Group (NYSE:AII – Get Free Report) last issued its 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 return on equity of 27.56% and a net margin of 26.20%.The company had revenue of $115.17 million during the quarter. Equities research analysts forecast that American Integrity Insurance Group, Inc. will post 3.32 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Check Out Our Latest Stock Analysis on AII
Hedge Funds Weigh In On American Integrity Insurance Group
Hedge funds and other institutional investors have recently made changes to their positions in the business. NewEdge Advisors LLC purchased a new stake in American Integrity Insurance Group in the fourth quarter worth $33,000. New York State Common Retirement Fund purchased a new position in American Integrity Insurance Group during the 4th quarter valued at $42,000. Police & Firemen s Retirement System of New Jersey increased its position in American Integrity Insurance Group by 172.7% during the 4th quarter. Police & Firemen s Retirement System of New Jersey now owns 2,446 shares of the company’s stock valued at $51,000 after purchasing an additional 1,549 shares during the period. JPMorgan Chase & Co. bought a new position in American Integrity Insurance Group in the 3rd quarter worth $72,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of American Integrity Insurance Group in the 3rd quarter worth about $83,000.
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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