American Integrity Insurance Group, Inc. (NYSE:AII – Get Free Report) major shareholder James Sowell bought 79,497 shares of the company’s stock in a transaction that occurred on Tuesday, June 9th. The shares were acquired at an average cost of $16.85 per share, with a total value of $1,339,524.45. Following the transaction, the insider owned 4,610,180 shares in the company, valued at approximately $77,681,533. This represents a 1.75% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
American Integrity Insurance Group Price Performance
AII stock traded down $0.17 during midday trading on Thursday, reaching $16.83. 94,521 shares of the company’s stock traded hands, compared to its average volume of 124,116. American Integrity Insurance Group, Inc. has a fifty-two week low of $15.77 and a fifty-two week high of $26.36. The business has a 50-day moving average price of $18.19 and a two-hundred day moving average price of $19.03. The company has a market capitalization of $329.70 million and a P/E ratio of 3.84.
American Integrity Insurance Group (NYSE:AII – Get Free Report) last issued its earnings results on Tuesday, May 12th. The company reported $1.03 EPS for the quarter, beating analysts’ consensus estimates 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 business 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 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Analysts Set New Price Targets
AII has been the topic of a number of analyst reports. Citigroup reiterated an “outperform” rating on shares of American Integrity Insurance Group in a research note on Wednesday, May 13th. Citizens Jmp decreased their price objective on shares of American Integrity Insurance Group from $28.00 to $25.00 and set a “market outperform” rating for the company in a research report on Wednesday, May 13th. Keefe, Bruyette & Woods decreased their price objective on shares of American Integrity Insurance Group from $28.00 to $27.00 and set an “outperform” rating for the company in a research report on Tuesday, April 7th. Finally, Weiss Ratings raised shares of American Integrity Insurance Group from a “sell (d-)” rating to a “sell (d)” rating in a research report on Monday, June 1st. Five analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $26.75.
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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