Insider Selling: American Integrity Insurance Group (NYSE:AII) CEO Sells $304,080.00 in Stock

American Integrity Insurance Group, Inc. (NYSE:AIIGet Free Report) CEO Robert Ritchie sold 12,000 shares of American Integrity Insurance Group stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $25.34, for a total transaction of $304,080.00. Following the completion of the sale, the chief executive officer directly owned 2,139,611 shares in the company, valued at approximately $54,217,742.74. The trade was a 0.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

American Integrity Insurance Group Stock Down 1.1%

NYSE AII opened at $25.27 on Friday. The stock has a market capitalization of $495.04 million, a P/E ratio of 5.62 and a beta of -0.20. American Integrity Insurance Group, Inc. has a 52-week low of $16.19 and a 52-week high of $26.41. The firm has a 50-day moving average price of $19.83 and a 200 day moving average price of $18.95.

American Integrity Insurance Group (NYSE:AIIGet Free Report) last announced its quarterly earnings data on Tuesday, August 11th. The company reported $1.78 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter. On average, equities research analysts expect that American Integrity Insurance Group, Inc. will post 3.79 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

AII has been the topic of several research analyst reports. 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. Weiss Ratings upgraded shares of American Integrity Insurance Group from a “sell (d-)” rating to a “sell (d)” rating in a report on Monday, June 1st. Citizens Jmp raised their price objective on shares of American Integrity Insurance Group from $25.00 to $26.00 and gave the company a “market outperform” rating in a research note on Wednesday, August 12th. Wall Street Zen raised shares of American Integrity Insurance Group from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Finally, Citigroup restated an “outperform” rating on shares of American Integrity Insurance Group in a research report on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, American Integrity Insurance Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $26.50.

Check Out Our Latest Research Report on American Integrity Insurance Group

Institutional Trading of American Integrity Insurance Group

A number of institutional investors have recently bought and sold shares of the company. NewEdge Advisors LLC acquired a new stake in American Integrity Insurance Group in the fourth quarter valued at $33,000. New York State Common Retirement Fund acquired a new position in shares of American Integrity Insurance Group during the 4th quarter worth $42,000. Police & Firemen s Retirement System of New Jersey boosted its position in shares of American Integrity Insurance Group by 172.7% in the 4th quarter. Police & Firemen s Retirement System of New Jersey now owns 2,446 shares of the company’s stock worth $51,000 after buying an additional 1,549 shares in the last quarter. JPMorgan Chase & Co. purchased a new stake in shares of American Integrity Insurance Group in the 3rd quarter worth about $72,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in American Integrity Insurance Group in the 3rd quarter valued at about $83,000.

About American Integrity Insurance Group

(Get Free Report)

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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Insider Buying and Selling by Quarter for American Integrity Insurance Group (NYSE:AII)

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