American Integrity Insurance Group (NYSE:AII) Stock: Insider Robert Ritchie Sells 19,122 Shares

Key Points

• CEO Robert Ritchie sold 19,122 shares for about $573,851 at an average price of $30.01, reducing his direct stake by 1.1% to 1,714,875 shares.
• American Integrity reported quarterly EPS of $1.44, beating the $0.67 consensus estimate; revenue was $113.49 million.
• Analysts’ average rating is “Moderate Buy,” with a $29 price target. Shares recently traded at $27.81, after reaching a 12-month high of $32.21.

American Integrity Insurance Group, Inc. (NYSE:AII - Get Free Report) CEO Robert Ritchie sold 19,122 shares of the business's stock in a transaction on Wednesday, November 11th. The stock was sold at an average price of $30.01, for a total transaction of $573,851.22. Following the completion of the sale, the chief executive officer directly owned 1,714,875 shares of the company's stock, valued at approximately $51,463,398.75. The trade was a 1.10% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

American Integrity Insurance Group Price Performance

NYSE AII traded down $0.61 during mid-day trading on Friday, hitting $27.81. The stock had a trading volume of 224,543 shares, compared to its average volume of 153,581. The firm's 50 day moving average is $27.05 and its 200 day moving average is $21.28. The stock has a market capitalization of $544.82 million, a price-to-earnings ratio of 5.28 and a beta of -0.17. American Integrity Insurance Group, Inc. has a twelve month low of $16.19 and a twelve month high of $32.21.

American Integrity Insurance Group (NYSE:AII - Get Free Report) last announced its quarterly earnings results on Tuesday, November 10th. The company reported $1.44 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.77. The firm had revenue of $113.49 million for the quarter. American Integrity Insurance Group had a net margin of 26.64% and a return on equity of 30.27%. As a group, equities research analysts expect that American Integrity Insurance Group, Inc. will post 4.20 earnings per share for the current year.

Analysts Set New Price Targets

AII has been the topic of several analyst reports. 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. Citizens Jmp lifted their target price on American Integrity Insurance Group from $29.00 to $32.00 and gave the stock a "market outperform" rating in a research report on Wednesday. Piper Sandler increased their price objective on American Integrity Insurance Group from $23.00 to $26.00 and gave the company an "overweight" rating in a report on Thursday, August 13th. Weiss Ratings restated a "sell (d)" rating on shares of American Integrity Insurance Group in a research report on Thursday, August 27th. Finally, Raymond James Financial reaffirmed an "outperform" rating on shares of American Integrity Insurance Group in a report on Tuesday, October 6th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, American Integrity Insurance Group has an average rating of "Moderate Buy" and an average price target of $29.00.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Southeast Asset Advisors LLC purchased a new stake in shares of American Integrity Insurance Group during the third quarter worth about $3,185,000. First Trust Advisors LP lifted its position in shares of American Integrity Insurance Group by 124.2% in the 3rd quarter. First Trust Advisors LP now owns 51,013 shares of the company's stock worth $1,275,000 after buying an additional 28,256 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in American Integrity Insurance Group by 39.4% in the third quarter. Russell Investments Group Ltd. now owns 455,804 shares of the company's stock valued at $11,391,000 after acquiring an additional 128,920 shares during the period. R Squared Ltd grew its stake in American Integrity Insurance Group by 5.6% during the 3rd quarter. R Squared Ltd now owns 23,642 shares of the company's stock worth $591,000 after buying an additional 1,254 shares during the last quarter. Finally, Inspire Investing LLC bought a new position in shares of American Integrity Insurance Group during the third quarter worth about $2,322,000.

American Integrity Insurance Group Company Profile

American Integrity Insurance Group, Inc. is a property and casualty insurance holding company focused primarily on the Florida residential market. Its insurance products include coverage for homeowners, condominium unit owners, renters, manufactured homes and rental properties. The company was founded in 2006 and is headquartered in Tampa, Florida. It serves customers through independent insurance agents and operates through its insurance subsidiaries, including American Integrity Insurance Company of Florida.

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