American Integrity Insurance Group (NYSE:AII) Stock: Insider Robert Ritchie Sells 26,436 Shares

Key Points

• CEO Robert Ritchie sold 26,436 shares of American Integrity Insurance Group at an average price of $27.23, receiving approximately $719,852. He retained 1.73 million shares worth about $47.2 million, reducing his position by 1.5%.
• The stock recently traded at $27.66, near its 52-week high of $28.25, with a market capitalization of approximately $542 million. The company reported quarterly EPS of $1.78, significantly above the $0.81 analyst consensus.
• Analyst sentiment is broadly positive, with a consensus rating of “Moderate Buy” and a $28.25 target price. Institutional investors, including Wasatch Advisors and BlackRock, have also established or increased positions in the stock.

American Integrity Insurance Group, Inc. (NYSE:AII - Get Free Report) CEO Robert Ritchie sold 26,436 shares of the stock in a transaction that occurred on Wednesday, October 14th. The shares were sold at an average price of $27.23, for a total transaction of $719,852.28. Following the completion of the sale, the chief executive officer directly owned 1,733,997 shares of the company's stock, valued at approximately $47,216,738.31. This trade represents a 1.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

American Integrity Insurance Group Stock Performance

Shares of NYSE AII traded up $0.11 during midday trading on Thursday, reaching $27.66. 233,302 shares of the stock were exchanged, compared to its average volume of 147,079. The stock has a market capitalization of $542.00 million, a P/E ratio of 6.15 and a beta of 0.02. The company has a 50 day simple moving average of $25.38 and a 200 day simple moving average of $20.86. American Integrity Insurance Group, Inc. has a twelve month low of $16.19 and a twelve month high of $28.25.

American Integrity Insurance Group (NYSE:AII - Get Free Report) last issued its quarterly earnings data on Tuesday, August 11th. The company reported $1.78 earnings per share for the quarter, topping 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 return on equity of 26.74% and a net margin of 26.20%. On average, research analysts expect that American Integrity Insurance Group, Inc. will post 4.02 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Zacks Research raised American Integrity Insurance Group from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 17th. Raymond James Financial reaffirmed an "outperform" rating on shares of American Integrity Insurance Group in a research report on Tuesday, October 6th. 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 note on Monday. Piper Sandler increased their target price on shares of American Integrity Insurance Group from $23.00 to $26.00 and gave the stock an "overweight" rating in a research note on Thursday, August 13th. Finally, Wall Street Zen upgraded shares of American Integrity Insurance Group from a "hold" rating to a "buy" rating in a research report on Saturday, August 15th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $28.25.

Institutional Investors Weigh In On American Integrity Insurance Group

Several institutional investors and hedge funds have recently modified their holdings of AII. Wasatch Advisors LP lifted its position in shares of American Integrity Insurance Group by 5.7% during the second 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. BlackRock Inc. acquired a new position in shares of American Integrity Insurance Group in the second quarter valued at approximately $16,723,000. Freestone Grove Partners LP purchased a new stake in American Integrity Insurance Group during the 2nd quarter worth approximately $9,251,000. Bank of America Corp DE increased its stake in American Integrity Insurance Group by 0.8% during the 1st quarter. Bank of America Corp DE now owns 293,443 shares of the company's stock worth $5,658,000 after buying an additional 2,193 shares during the period. Finally, Algert Global LLC acquired a new stake in American Integrity Insurance Group during the 2nd quarter worth approximately $2,925,000.

American Integrity Insurance Group Company Profile

American Integrity Insurance Group, Inc is an insurance company focused on residential property coverage in catastrophe-exposed markets. Through its insurance subsidiaries, the company primarily serves homeowners and other residential policyholders, with an emphasis on providing protection against risks such as wind, hurricanes and other property-related losses.

Its product offerings include homeowners insurance and related personal-lines products for owner-occupied residences, condominium unit owners, renters and other residential properties.

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