Robert Ritchie Sells 38,260 Shares of American Integrity Insurance Group (NYSE:AII) Stock

American Integrity Insurance Group, Inc. (NYSE:AIIGet Free Report) CEO Robert Ritchie sold 38,260 shares of the firm’s stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $23.08, for a total value of $883,040.80. Following the transaction, the chief executive officer directly owned 2,277,013 shares in the company, valued at $52,553,460.04. This trade represents a 1.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

American Integrity Insurance Group Trading Down 0.1%

AII opened at $23.97 on Friday. American Integrity Insurance Group, Inc. has a 12 month low of $16.19 and a 12 month high of $26.36. The business’s 50-day moving average price is $19.01 and its 200-day moving average price is $18.72. The company has a market cap of $469.55 million, a P/E ratio of 5.33 and a beta of -0.20.

American Integrity Insurance Group (NYSE:AIIGet Free Report) last issued its earnings results 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 return on equity of 27.56% and a net margin of 26.20%.The company had revenue of $115.17 million during the quarter. Equities research analysts forecast that American Integrity Insurance Group, Inc. will post 3.32 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on AII shares. Citigroup reissued an “outperform” rating on shares of American Integrity Insurance Group in a research note on Wednesday. Piper Sandler upped 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 report on Thursday. 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. Citizens Jmp raised their price target on shares of American Integrity Insurance Group from $25.00 to $26.00 and gave the stock a “market outperform” rating in a report on Wednesday. Finally, Wall Street Zen raised shares of American Integrity Insurance Group from a “hold” rating to a “buy” rating in a report on Saturday. 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 MarketBeat, American Integrity Insurance Group currently has an average rating of “Moderate Buy” and a consensus price target of $26.75.

Check Out Our Latest Stock Analysis on AII

Hedge Funds Weigh In On American Integrity Insurance Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. NewEdge Advisors LLC purchased a new stake in American Integrity Insurance Group in the fourth quarter worth $33,000. New York State Common Retirement Fund purchased a new position in American Integrity Insurance Group during the 4th quarter valued at $42,000. Police & Firemen s Retirement System of New Jersey increased its position in American Integrity Insurance Group by 172.7% during the 4th quarter. Police & Firemen s Retirement System of New Jersey now owns 2,446 shares of the company’s stock valued at $51,000 after purchasing an additional 1,549 shares during the period. JPMorgan Chase & Co. bought a new position in American Integrity Insurance Group in the 3rd quarter worth $72,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of American Integrity Insurance Group in the 3rd quarter worth about $83,000.

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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