American Integrity Insurance Group (NYSE:AII) CEO Sells 38,260 Shares

Key Points

• CEO Robert Ritchie sold 38,260 shares of American Integrity Insurance Group at an average price of $23.08, generating $883,040.80. His remaining stake totaled 2,277,013 shares, valued at approximately $52.6 million.
• American Integrity reported quarterly EPS of $1.78, beating analyst expectations of $0.81, on revenue of $115.17 million. The company posted a 26.20% net margin and 27.56% return on equity.
• Analyst sentiment remains positive, with five Buy ratings and one Sell rating, an overall “Moderate Buy” consensus, and an average price target of $26.75; several institutional investors also increased their holdings.

American Integrity Insurance Group, Inc. (NYSE:AII - Get Free Report) CEO Robert Ritchie sold 38,260 shares of American Integrity Insurance Group stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $23.08, for a total transaction of $883,040.80. Following the completion of the transaction, the chief executive officer owned 2,277,013 shares of the company's stock, valued at $52,553,460.04. This trade represents a 1.65% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

American Integrity Insurance Group Trading Down 0.1%

AII traded down $0.03 during trading hours on Friday, hitting $23.97. 193,972 shares of the company's stock were exchanged, compared to its average volume of 128,244. The firm 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, Inc. has a 12-month low of $16.19 and a 12-month high of $26.36. The firm has a 50 day moving average of $18.87 and a 200 day moving average of $18.68.

American Integrity Insurance Group (NYSE:AII - Get Free Report) last issued its quarterly earnings results on Tuesday, August 11th. The company reported $1.78 EPS for the quarter, beating the consensus estimate of $0.81 by $0.97. The company had revenue of $115.17 million during the quarter. American Integrity Insurance Group had a net margin of 26.20% and a return on equity of 27.56%. As a group, research analysts expect that American Integrity Insurance Group, Inc. will post 2.73 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

AII has been the subject of several analyst reports. Citigroup reissued an "outperform" rating on shares of American Integrity Insurance Group in a research note on Wednesday. Piper Sandler increased their price target on American Integrity Insurance Group from $23.00 to $26.00 and gave the company an "overweight" rating in a research report on Thursday. Citizens Jmp lifted their price objective on American Integrity Insurance Group from $25.00 to $26.00 and gave the company a "market outperform" rating in a research note on Wednesday. Finally, Weiss Ratings raised American Integrity Insurance Group from a "sell (d-)" rating to a "sell (d)" rating in a research report on Monday, June 1st. Five analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $26.75.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in AII. 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. Wasatch Advisors LP lifted its stake in American Integrity Insurance Group by 38.6% during 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 last quarter. Pacific Ridge Capital Partners LLC lifted 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 worth $6,464,000 after purchasing an additional 60,072 shares during the last quarter. Dockside LLC acquired a new position in American Integrity Insurance Group in the fourth quarter valued at approximately $319,000. Finally, Lazard Asset Management LLC acquired a new position in American Integrity Insurance Group in the first quarter valued at approximately $443,000.

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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