Robert Ritchie Sells 6,000 Shares of American Integrity Insurance Group (NYSE:AII) Stock

American Integrity Insurance Group, Inc. (NYSE:AIIGet Free Report) CEO Robert Ritchie sold 6,000 shares of the company’s stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $26.50, for a total value of $159,000.00. Following the completion of the sale, the chief executive officer owned 1,893,171 shares in the company, valued at approximately $50,169,031.50. This represents a 0.32% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

American Integrity Insurance Group Trading Up 1.7%

Shares of NYSE:AII opened at $26.07 on Thursday. American Integrity Insurance Group, Inc. has a twelve month low of $16.19 and a twelve month high of $27.00. The company’s 50 day moving average is $21.25 and its 200 day moving average is $19.40. The company has a market cap of $510.79 million, a PE ratio of 5.79 and a beta of -0.08.

American Integrity Insurance Group (NYSE:AIIGet Free Report) last released its quarterly earnings data on Tuesday, August 11th. The company reported $1.78 EPS for the quarter, beating the consensus estimate of $0.81 by $0.97. The business had revenue of $115.17 million for the quarter. American Integrity Insurance Group had a net margin of 26.20% and a return on equity of 26.74%. Equities research analysts predict that American Integrity Insurance Group, Inc. will post 3.82 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Raymond James Financial set a $27.00 price target on American Integrity Insurance Group in a research report on Thursday, August 20th. Citizens Jmp upped their target price on American Integrity Insurance Group from $25.00 to $26.00 and gave the stock a “market outperform” rating in a research note on Wednesday, August 12th. Piper Sandler upped their target price on American Integrity Insurance Group from $23.00 to $26.00 and gave the stock an “overweight” rating in a research note on Thursday, August 13th. Citigroup reiterated an “outperform” rating on shares of American Integrity Insurance Group in a research report on Wednesday, August 12th. Finally, Wall Street Zen raised American Integrity Insurance Group from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $26.50.

Check Out Our Latest Report on AII

Hedge Funds Weigh In On American Integrity Insurance Group

Large investors have recently bought and sold shares of the business. NewEdge Advisors LLC acquired a new stake in American Integrity Insurance Group in the fourth quarter valued at approximately $33,000. New York State Common Retirement Fund purchased a new position in shares of American Integrity Insurance Group during the 4th quarter valued at approximately $42,000. Police & Firemen s Retirement System of New Jersey grew its stake in American Integrity Insurance Group by 172.7% in 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 acquiring an additional 1,549 shares during the period. California State Teachers Retirement System increased its holdings in American Integrity Insurance Group by 375.8% in the 2nd quarter. California State Teachers Retirement System now owns 3,145 shares of the company’s stock worth $59,000 after acquiring an additional 2,484 shares in the last quarter. Finally, JPMorgan Chase & Co. acquired a new position in American Integrity Insurance Group during the third quarter worth $72,000.

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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