American Integrity Insurance Group, Inc. (NYSE:AII – Get Free Report) CEO Robert Ritchie sold 24,614 shares of the company’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $25.68, for a total value of $632,087.52. Following the sale, the chief executive officer owned 2,073,997 shares in the company, valued at approximately $53,260,242.96. This represents a 1.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
American Integrity Insurance Group Stock Up 0.6%
NYSE:AII opened at $26.30 on Wednesday. The business’s 50-day moving average price is $20.21 and its two-hundred day moving average price is $19.06. The stock has a market cap of $515.14 million, a P/E ratio of 5.84 and a beta of -0.20. American Integrity Insurance Group, Inc. has a twelve month low of $16.19 and a twelve month high of $26.61.
American Integrity Insurance Group (NYSE:AII – Get Free Report) last posted its quarterly earnings data 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 net margin of 26.20% and a return on equity of 26.74%. The firm 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 EPS for the current fiscal year.
Institutional Trading of American Integrity Insurance Group
Analyst Ratings Changes
A number of research firms have weighed in on AII. Wall Street Zen upgraded American Integrity Insurance Group from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Citizens Jmp upped their price objective on American Integrity Insurance Group from $25.00 to $26.00 and gave the stock a “market outperform” rating in a report on Wednesday, August 12th. Piper Sandler increased their price objective on American Integrity Insurance Group from $23.00 to $26.00 and gave the company an “overweight” rating in a research report on Thursday, August 13th. Citigroup reissued an “outperform” rating on shares of American Integrity Insurance Group in a report on Wednesday, August 12th. Finally, Raymond James Financial set a $27.00 target price on American Integrity Insurance Group in a research note on Thursday, August 20th. One equities research 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 stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $26.50.
Check Out Our Latest Research Report on AII
About American Integrity Insurance Group
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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