Robert Ritchie Sells 33,000 Shares of American Integrity Insurance Group (NYSE:AII) Stock

American Integrity Insurance Group, Inc. (NYSE:AIIGet Free Report) CEO Robert Ritchie sold 33,000 shares of the business’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $20.68, for a total transaction of $682,440.00. Following the transaction, the chief executive officer owned 2,400,997 shares of the company’s stock, valued at $49,652,617.96. This trade represents a 1.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

American Integrity Insurance Group Stock Performance

Shares of AII stock opened at $21.15 on Friday. The company has a market capitalization of $414.41 million, a PE ratio of 4.83 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 $26.36. The business’s fifty day moving average is $18.36 and its 200 day moving average is $18.59.

American Integrity Insurance Group (NYSE:AIIGet Free Report) last announced its earnings results on Tuesday, May 12th. The company reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.09. American Integrity Insurance Group had a return on equity of 27.04% and a net margin of 27.56%.The business had revenue of $90.93 million for the quarter. On average, sell-side analysts forecast that American Integrity Insurance Group, Inc. will post 2.73 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on AII shares. Weiss Ratings upgraded American Integrity Insurance Group from a “sell (d-)” rating to a “sell (d)” rating in a report on Monday, June 1st. Piper Sandler raised their price target on American Integrity Insurance Group from $20.00 to $23.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 15th. Citizens Jmp decreased their price target on American Integrity Insurance Group from $28.00 to $25.00 and set a “market outperform” rating on the stock in a research note on Wednesday, May 13th. Finally, Citigroup reiterated an “outperform” rating on shares of American Integrity Insurance Group in a research report on Wednesday, May 13th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, American Integrity Insurance Group currently has an average rating of “Moderate Buy” and a consensus target price of $25.75.

Check Out Our Latest Stock Analysis on AII

Hedge Funds Weigh In On American Integrity Insurance Group

Several hedge funds and other institutional investors have recently modified their holdings of the company. Geode Capital Management LLC purchased a new stake in shares of American Integrity Insurance Group during the second quarter worth about $1,382,000. XTX Topco Ltd purchased a new position in American Integrity Insurance Group during the 2nd quarter valued at about $192,000. Marshall Wace LLP bought a new position in American Integrity Insurance Group during the 2nd quarter valued at approximately $2,123,000. Qube Research & Technologies Ltd purchased a new stake in American Integrity Insurance Group in the 2nd quarter worth approximately $292,000. Finally, The Manufacturers Life Insurance Company bought a new stake in shares of American Integrity Insurance Group in the 2nd quarter worth approximately $7,356,000.

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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