American Integrity Insurance Group, Inc. $AII Shares Newly Acquired by Inspire Investing LLC

Key Points

• Inspire Investing LLC acquired 92,904 shares of American Integrity Insurance Group during the third quarter, worth approximately $2.32 million and representing about 0.47% of the company.
• Institutional interest increased as Bank of America and Freestone Grove Partners initiated sizable positions, while CEO Robert Ritchie sold 69,727 shares; insiders sold 624,598 shares worth $15.6 million during the quarter.
• Analyst sentiment remains generally positive, with a consensus “Moderate Buy” rating and a $28.25 target price. AII recently reported quarterly EPS of $1.78, well above the $0.81 estimate, while shares opened at $28.84.

Inspire Investing LLC acquired a new stake in shares of American Integrity Insurance Group, Inc. (NYSE:AII - Free Report) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 92,904 shares of the company's stock, valued at approximately $2,322,000. Inspire Investing LLC owned approximately 0.47% of American Integrity Insurance Group at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. GAMMA Investing LLC lifted its position in shares of American Integrity Insurance Group by 9,544.4% during the 3rd quarter. GAMMA Investing LLC now owns 1,736 shares of the company's stock worth $43,000 after buying an additional 1,718 shares during the period. Hsbc Holdings PLC boosted its stake in American Integrity Insurance Group by 88.5% in the 2nd quarter. Hsbc Holdings PLC now owns 22,949 shares of the company's stock valued at $439,000 after buying an additional 10,775 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in American Integrity Insurance Group in the second quarter valued at $272,000. Bank of America Corp DE bought a new stake in American Integrity Insurance Group in the second quarter valued at $3,942,000. Finally, Freestone Grove Partners LP bought a new stake in American Integrity Insurance Group in the second quarter valued at $9,251,000.

Insider Buying and Selling

In other news, CEO Robert Ritchie sold 69,727 shares of the stock in a transaction on Monday, October 12th. The stock was sold at an average price of $27.12, for a total transaction of $1,890,996.24. Following the sale, the chief executive officer owned 1,811,133 shares in the company, valued at approximately $49,117,926.96. This represents a 3.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 624,598 shares of company stock valued at $15,599,210 over the last quarter. 16.40% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

AII has been the subject of several recent analyst reports. Keefe, Bruyette & Woods increased their price objective on American Integrity Insurance Group from $29.00 to $31.00 and gave the stock an "outperform" rating in a research note on Monday, October 12th. Piper Sandler boosted their target price on shares of American Integrity Insurance Group from $23.00 to $26.00 and gave the company an "overweight" rating in a research note on Thursday, August 13th. Weiss Ratings restated a "sell (d)" rating on shares of American Integrity Insurance Group in a research note on Thursday, August 27th. Zacks Research raised shares of American Integrity Insurance Group from a "hold" rating to a "strong-buy" rating in a report on Monday, August 17th. Finally, Citizens Jmp increased their target price on shares of American Integrity Insurance Group from $26.00 to $29.00 and gave the stock a "market outperform" rating in a research report on Monday, October 12th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, American Integrity Insurance Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $28.25.

American Integrity Insurance Group Price Performance

Shares of AII opened at $28.84 on Monday. The company has a market capitalization of $565.07 million, a P/E ratio of 6.41 and a beta of 0.02. American Integrity Insurance Group, Inc. has a one year low of $16.19 and a one year high of $29.50. The business's 50 day simple moving average is $26.28 and its 200-day simple moving average is $21.32.

American Integrity Insurance Group (NYSE:AII - Get Free Report) last released its quarterly earnings results on Tuesday, August 11th. The company reported $1.78 EPS for the quarter, topping analysts' consensus estimates 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 business had revenue of $115.17 million for the quarter. On average, sell-side analysts anticipate that American Integrity Insurance Group, Inc. will post 4.02 EPS for the current fiscal year.

American Integrity Insurance Group Profile

American Integrity Insurance Group, Inc is an insurance holding company focused on personal residential property insurance. Through its insurance subsidiaries, the company provides coverage designed to protect homeowners and other residential property owners from risks such as wind, fire, water damage and other covered losses.

The company's product offerings include homeowners insurance, condominium unit-owner insurance, renters insurance and coverage for residential properties used as rental or investment homes.

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