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

Key Points

• CEO Robert Ritchie sold 35,000 AII shares at an average price of $25.08, generating $877,800; he retains 2,098,611 shares valued at approximately $52.6 million.
• American Integrity reported quarterly EPS of $1.78, significantly exceeding the $0.81 analyst consensus, on revenue of $115.17 million. Shares recently traded at $26.20, near their 12-month high of $26.56.
• Analyst sentiment remains positive, with an overall “Moderate Buy” rating and an average price target of $26.50; several firms recently raised targets or maintained outperform ratings.

American Integrity Insurance Group, Inc. (NYSE:AII - Get Free Report) CEO Robert Ritchie sold 35,000 shares of the company's stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $25.08, for a total transaction of $877,800.00. Following the completion of the transaction, the chief executive officer owned 2,098,611 shares of the company's stock, valued at $52,633,163.88. This represents a 1.64% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

American Integrity Insurance Group Price Performance

Shares of AII traded up $0.85 during midday trading on Monday, reaching $26.20. 288,155 shares of the stock were exchanged, compared to its average volume of 131,795. American Integrity Insurance Group, Inc. has a twelve month low of $16.19 and a twelve month high of $26.56. The company has a market capitalization of $513.34 million, a price-to-earnings ratio of 5.82 and a beta of -0.20. The business's 50-day moving average price is $19.83 and its 200 day moving average price is $18.95.

American Integrity Insurance Group (NYSE:AII - Get Free Report) last announced its earnings results on Tuesday, August 11th. The company reported $1.78 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.81 by $0.97. The firm had revenue of $115.17 million during the quarter. American Integrity Insurance Group had a return on equity of 26.74% and a net margin of 26.20%. As a group, equities research analysts expect that American Integrity Insurance Group, Inc. will post 3.79 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. NewEdge Advisors LLC purchased a new stake in shares of American Integrity Insurance Group during the 4th quarter worth $33,000. New York State Common Retirement Fund purchased a new position in shares of American Integrity Insurance Group in the 4th quarter valued at about $42,000. Police & Firemen s Retirement System of New Jersey lifted its stake in shares of American Integrity Insurance Group by 172.7% in the fourth 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. California State Teachers Retirement System boosted its holdings in American Integrity Insurance Group by 375.8% during the second quarter. California State Teachers Retirement System now owns 3,145 shares of the company's stock worth $59,000 after buying an additional 2,484 shares in the last quarter. Finally, JPMorgan Chase & Co. purchased a new stake in American Integrity Insurance Group during the third quarter worth about $72,000.

Analyst Ratings Changes

Several research firms recently commented on AII. 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 research report on Thursday, August 13th. Citigroup reissued an "outperform" rating on shares of American Integrity Insurance Group in a research report on Wednesday, August 12th. Raymond James Financial set a $27.00 price objective on shares of American Integrity Insurance Group in a research note on Thursday. Citizens Jmp increased their target price on shares of 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. Finally, Zacks Research raised American Integrity Insurance Group from a "hold" rating to a "strong-buy" rating in a report on Monday, August 17th. One research 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. Based on data from MarketBeat.com, American Integrity Insurance Group currently has an average rating of "Moderate Buy" and an average price target of $26.50.

American Integrity Insurance Group Company Profile

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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