BlackRock Inc. Acquires Shares of 888,115 American Integrity Insurance Group, Inc. $AII

BlackRock Inc. bought a new position in American Integrity Insurance Group, Inc. (NYSE:AII - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 888,115 shares of the company's stock, valued at approximately $16,723,000. BlackRock Inc. owned about 4.53% of American Integrity Insurance Group at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the stock. NewEdge Advisors LLC acquired a new position in American Integrity Insurance Group during the 4th quarter valued at about $33,000. New York State Common Retirement Fund acquired a new stake in shares of American Integrity Insurance Group during the 4th quarter worth approximately $42,000. Police & Firemen s Retirement System of New Jersey raised its stake in shares of American Integrity Insurance Group by 172.7% during the fourth quarter. Police & Firemen s Retirement System of New Jersey now owns 2,446 shares of the company's stock worth $51,000 after buying an additional 1,549 shares during the last quarter. JPMorgan Chase & Co. acquired a new position in American Integrity Insurance Group in the third quarter valued at approximately $72,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in American Integrity Insurance Group in the third quarter valued at approximately $83,000.

Analyst Upgrades and Downgrades

A number of analysts have commented on AII shares. Wall Street Zen raised shares of American Integrity Insurance Group from a "hold" rating to a "buy" rating in a report on Saturday, August 15th. Citigroup reissued an "outperform" rating on shares of American Integrity Insurance Group in a research note on Wednesday, August 12th. Weiss Ratings restated a "sell (d)" rating on shares of American Integrity Insurance Group in a research report on Thursday, August 27th. Citizens Jmp upped their price objective 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. Finally, Raymond James Financial set a $27.00 target price on American Integrity Insurance Group in a research note on Thursday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $26.50.

Insider Activity at American Integrity Insurance Group

In related news, major shareholder James E. Sowell purchased 79,497 shares of the business's stock in a transaction on Tuesday, June 9th. The shares were purchased at an average price of $16.85 per share, with a total value of $1,339,524.45. Following the completion of the purchase, the insider owned 4,610,180 shares in the company, valued at $77,681,533. This represents a 1.75% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Robert C. Ritchie sold 65,000 shares of the company's stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $26.29, for a total transaction of $1,708,850.00. Following the completion of the transaction, the chief executive officer owned 1,963,536 shares of the company's stock, valued at $51,621,361.44. This trade represents a 3.20% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 474,598 shares of company stock valued at $11,513,818 over the last quarter. 16.40% of the stock is owned by insiders.

American Integrity Insurance Group Price Performance

Shares of NYSE AII opened at $26.10 on Friday. American Integrity Insurance Group, Inc. has a twelve month low of $16.19 and a twelve month high of $27.00. The stock has a market cap of $511.30 million, a price-to-earnings ratio of 5.80 and a beta of -0.08. The company's fifty day moving average is $21.42 and its 200-day moving average is $19.46.

American Integrity Insurance Group (NYSE:AII - Get Free Report) last issued its quarterly earnings data on Tuesday, August 11th. The company reported $1.78 EPS for the quarter, topping 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 return on equity of 26.74% and a net margin of 26.20%. On average, research analysts anticipate that American Integrity Insurance Group, Inc. will post 3.82 EPS for the current fiscal year.

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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