Robert Ritchie Sells 10,000 Shares of American Integrity Insurance Group (NYSE:AII) Stock

American Integrity Insurance Group, Inc. (NYSE:AII – Get Free Report) CEO Robert Ritchie sold 10,000 shares of the company’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $26.35, for a total value of $263,500.00. Following the completion of the transaction, the chief executive officer directly owned 1,899,171 shares of the company’s stock, valued at approximately $50,043,155.85. The trade was a 0.52% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

American Integrity Insurance Group Stock Down 0.1%

American Integrity Insurance Group stock traded down $0.03 during trading hours on Friday, hitting $26.26. The stock had a trading volume of 109,649 shares, compared to its average volume of 133,098. The business’s 50 day simple moving average is $20.58 and its 200-day simple moving average is $19.17. American Integrity Insurance Group, Inc. has a one year low of $16.19 and a one year high of $27.00. The stock has a market cap of $514.43 million, a price-to-earnings ratio of 5.84 and a beta of -0.20.

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American Integrity Insurance Group (NYSE:AII – Get Free Report) last released its quarterly earnings results on Tuesday, August 11th. The company reported $1.78 earnings per share for the quarter, topping the consensus estimate 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. Research analysts anticipate that American Integrity Insurance Group, Inc. will post 3.79 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in AII. California State Teachers Retirement System boosted its position in shares of American Integrity Insurance Group by 375.8% during the 2nd quarter. California State Teachers Retirement System now owns 3,145 shares of the company’s stock valued at $59,000 after purchasing an additional 2,484 shares in the last quarter. Hsbc Holdings PLC grew its stake in American Integrity Insurance Group by 88.5% during the second quarter. Hsbc Holdings PLC now owns 22,949 shares of the company’s stock worth $439,000 after purchasing an additional 10,775 shares during the period. Public Employees Retirement System of Ohio bought a new stake in American Integrity Insurance Group in the second quarter worth approximately $272,000. Bank of America Corp DE bought a new stake in American Integrity Insurance Group in the second quarter worth approximately $3,942,000. Finally, Freestone Grove Partners LP acquired a new position in American Integrity Insurance Group in the second quarter valued at approximately $9,251,000.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on AII. Citigroup reissued an “outperform” rating on shares of American Integrity Insurance Group in a report on Wednesday, August 12th. Piper Sandler raised their price target on shares of American Integrity Insurance Group from $23.00 to $26.00 and gave the company an “overweight” rating in a research note on Thursday, August 13th. Wall Street Zen upgraded shares of American Integrity Insurance Group from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Raymond James Financial set a $27.00 price objective on shares of American Integrity Insurance Group in a research note on Thursday, August 20th. Finally, Citizens Jmp increased their price objective on American Integrity Insurance Group from $25.00 to $26.00 and gave the company a “market outperform” rating in a report on Wednesday, August 12th. One 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, American Integrity Insurance Group has an average rating of “Moderate Buy” and an average price target of $26.50.

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American Integrity Insurance Group Company Profile

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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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