Algert Global LLC Takes $2.92 Million Position in American Integrity Insurance Group, Inc. $AII

Algert Global LLC purchased a new stake in American Integrity Insurance Group, Inc. (NYSE:AII - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 155,356 shares of the company's stock, valued at approximately $2,925,000. Algert Global LLC owned 0.79% of American Integrity Insurance Group at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. FJ Capital Management LLC lifted its position in American Integrity Insurance Group by 1,261.6% in the fourth quarter. FJ Capital Management LLC now owns 153,491 shares of the company's stock valued at $3,197,000 after purchasing an additional 142,218 shares during the last quarter. Donald Smith & CO. Inc. purchased a new stake in American Integrity Insurance Group in the second quarter worth approximately $2,192,000. Wasatch Advisors LP increased its stake in shares of American Integrity Insurance Group by 5.7% in the 2nd quarter. Wasatch Advisors LP now owns 1,260,169 shares of the company's stock worth $23,729,000 after purchasing an additional 67,977 shares in the last quarter. Pacific Ridge Capital Partners LLC boosted its position in shares of American Integrity Insurance Group by 24.0% in 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 period. Finally, Man Group plc bought a new stake in shares of American Integrity Insurance Group during the second quarter valued at approximately $400,000.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on AII. Piper Sandler raised their price target on American Integrity Insurance Group from $23.00 to $26.00 and gave the stock an "overweight" rating in a research report on Thursday, August 13th. Zacks Research upgraded American Integrity Insurance Group from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 17th. Raymond James Financial set a $27.00 target price on American Integrity Insurance Group in a report on Thursday, August 20th. Weiss Ratings upgraded American Integrity Insurance Group from a "sell (d-)" rating to a "sell (d)" rating in a report on Monday, June 1st. Finally, Citizens Jmp lifted their target price on 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. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, American Integrity Insurance Group presently has an average rating of "Moderate Buy" and a consensus price target of $26.50.

American Integrity Insurance Group Stock Performance

Shares of AII stock opened at $26.26 on Friday. The firm has a market capitalization of $514.43 million, a price-to-earnings ratio of 5.84 and a beta of -0.20. American Integrity Insurance Group, Inc. has a one year low of $16.19 and a one year high of $27.00. The company has a 50 day moving average price of $20.77 and a 200 day moving average price of $19.22.

American Integrity Insurance Group (NYSE:AII - Get Free Report) last announced its quarterly earnings data on Tuesday, August 11th. The company reported $1.78 earnings per share (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 26.74%. As a group, equities analysts forecast that American Integrity Insurance Group, Inc. will post 3.79 EPS for the current fiscal year.

Insider Activity

In other news, major shareholder James E. Sowell bought 79,497 shares of the firm's stock in a transaction dated Tuesday, June 9th. The stock was acquired at an average price of $16.85 per share, for a total transaction of $1,339,524.45. Following the acquisition, the insider owned 4,610,180 shares of the company's stock, valued at $77,681,533. This trade represents a 1.75% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Robert C. Ritchie sold 65,000 shares of the stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $26.29, for a total transaction of $1,708,850.00. Following the sale, the chief executive officer directly owned 1,963,536 shares of the company's stock, valued at approximately $51,621,361.44. This trade represents a 3.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders bought 136,356 shares of company stock worth $2,301,242 and sold 459,424 shares worth $11,117,028. Insiders own 16.40% of the company's stock.

About American Integrity Insurance Group

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source