Robert Ritchie Sells 35,000 Shares of American Integrity Insurance Group (NYSE:AII) Stock

American Integrity Insurance Group, Inc. (NYSE:AIIGet Free Report) CEO Robert Ritchie sold 35,000 shares of the company’s stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $25.08, for a total transaction of $877,800.00. Following the sale, the chief executive officer directly owned 2,098,611 shares of the company’s stock, valued at approximately $52,633,163.88. This trade represents a 1.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

American Integrity Insurance Group Price Performance

NYSE:AII opened at $26.30 on Wednesday. The business’s 50-day moving average is $20.21 and its two-hundred day moving average is $19.06. The firm has a market capitalization of $515.14 million, a PE ratio of 5.84 and a beta of -0.20. American Integrity Insurance Group, Inc. has a 12 month low of $16.19 and a 12 month high of $26.61.

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, 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 during the quarter. Equities analysts anticipate that American Integrity Insurance Group, Inc. will post 3.79 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Citigroup restated an “outperform” rating on shares of American Integrity Insurance Group in a report on Wednesday, August 12th. Zacks Research raised shares of American Integrity Insurance Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 17th. Wall Street Zen upgraded shares of American Integrity Insurance Group from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. Citizens Jmp raised their price target on shares of 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. Finally, Weiss Ratings raised shares of American Integrity Insurance Group from a “sell (d-)” rating to a “sell (d)” rating in a research note on Monday, June 1st. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $26.50.

Get Our Latest Analysis on American Integrity Insurance Group

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. FJ Capital Management LLC increased its holdings in shares of American Integrity Insurance Group by 1,261.6% in the 4th quarter. FJ Capital Management LLC now owns 153,491 shares of the company’s stock valued at $3,197,000 after acquiring an additional 142,218 shares during the last quarter. Donald Smith & CO. Inc. bought a new position in American Integrity Insurance Group during the second quarter worth $2,192,000. Wasatch Advisors LP boosted its holdings in American Integrity Insurance Group by 38.6% in the first quarter. Wasatch Advisors LP now owns 1,192,192 shares of the company’s stock worth $22,985,000 after purchasing an additional 331,766 shares during the period. Pacific Ridge Capital Partners LLC increased its stake in American Integrity Insurance Group by 24.0% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 310,325 shares of the company’s stock valued at $6,464,000 after purchasing an additional 60,072 shares during the last quarter. Finally, Lazard Asset Management LLC bought a new stake in American Integrity Insurance Group during the first quarter valued at $443,000.

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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