Insider Selling: American Integrity Insurance Group (NYSE:AII) CEO Sells $625,500.00 in Stock

American Integrity Insurance Group, Inc. (NYSE:AIIGet Free Report) CEO Robert Ritchie sold 30,000 shares of the stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $20.85, for a total transaction of $625,500.00. Following the completion of the transaction, the chief executive officer directly owned 2,370,997 shares of the company’s stock, valued at approximately $49,435,287.45. The trade was a 1.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

American Integrity Insurance Group Price Performance

Shares of AII opened at $20.91 on Friday. The company has a 50-day simple moving average of $18.45 and a two-hundred day simple moving average of $18.60. The firm has a market capitalization of $409.53 million, a PE ratio of 4.77 and a beta of -0.20. American Integrity Insurance Group, Inc. has a one year low of $16.19 and a one year high of $26.36.

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 (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $90.93 million during the quarter. Analysts expect that American Integrity Insurance Group, Inc. will post 2.73 EPS for the current fiscal year.

Institutional Investors Weigh In On American Integrity Insurance Group

A number of institutional investors have recently modified their holdings of the stock. Franklin Resources Inc. raised its position in shares of American Integrity Insurance Group by 1,840.0% in the 3rd quarter. Franklin Resources Inc. now owns 2,988,329 shares of the company’s stock worth $66,670,000 after purchasing an additional 2,834,289 shares during the last quarter. Wasatch Advisors LP increased its stake in American Integrity Insurance Group by 5.7% during the 2nd quarter. Wasatch Advisors LP now owns 1,260,169 shares of the company’s stock valued at $23,729,000 after purchasing an additional 67,977 shares in the last quarter. Boston Partners raised its holdings in American Integrity Insurance Group by 9.3% in the fourth quarter. Boston Partners now owns 1,191,145 shares of the company’s stock worth $24,809,000 after buying an additional 101,365 shares during the last quarter. BlackRock Inc. purchased a new position in American Integrity Insurance Group in the second quarter worth about $16,723,000. Finally, Mink Brook Asset Management LLC lifted its stake in shares of American Integrity Insurance Group by 35.5% in the fourth quarter. Mink Brook Asset Management LLC now owns 648,405 shares of the company’s stock worth $13,506,000 after buying an additional 169,932 shares in the last quarter.

Wall Street Analyst Weigh In

A number of analysts have recently commented on AII shares. Piper Sandler boosted their target price on shares of American Integrity Insurance Group from $20.00 to $23.00 and gave the company an “overweight” rating in a report on Wednesday, July 15th. 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. Citigroup reissued an “outperform” rating on shares of American Integrity Insurance Group in a research note on Wednesday, May 13th. Finally, Citizens Jmp cut their price objective on shares of American Integrity Insurance Group from $28.00 to $25.00 and set a “market outperform” rating on the stock in a report on Wednesday, May 13th. Five analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, American Integrity Insurance Group has a consensus rating of “Moderate Buy” and an average price target of $25.75.

View Our Latest Stock Analysis on American Integrity Insurance Group

American Integrity Insurance Group Company Profile

(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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