Insider Selling: American Integrity Insurance Group (NYSE:AII) CEO Sells $263,500.00 in Stock

Key Points

• CEO Robert Ritchie sold 10,000 shares of American Integrity Insurance Group at $26.35 per share, totaling $263,500. He retains 1,899,171 shares, so the transaction reduced his direct stake by 0.52%.
• AII shares traded near their 52-week high at $26.26, while the company reported quarterly EPS of $1.78—well above the $0.81 analyst consensus—and revenue of $115.17 million.
• Analyst sentiment remains generally positive, with a consensus “Moderate Buy” rating and an average price target of $26.50; institutional investors have also recently initiated or increased positions.

American Integrity Insurance Group, Inc. (NYSE:AII - Get Free Report) CEO Robert Ritchie sold 10,000 shares of the company's stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $26.35, for a total value of $263,500.00. Following the transaction, the chief executive officer directly owned 1,899,171 shares of the company's stock, valued at approximately $50,043,155.85. This trade represents a 0.52% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

American Integrity Insurance Group Price Performance

NYSE:AII traded down $0.03 on Friday, hitting $26.26. 109,649 shares of the company's stock were exchanged, compared to its average volume of 133,098. The firm has a 50-day moving average price of $20.58 and a 200-day moving average price of $19.17. American Integrity Insurance Group, Inc. has a 52 week low of $16.19 and a 52 week high of $27.00. The company has a market cap of $514.43 million, a P/E ratio of 5.84 and a beta of -0.20.

American Integrity Insurance Group (NYSE:AII - Get Free Report) last released its quarterly earnings data on Tuesday, August 11th. The company reported $1.78 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 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 3.79 earnings per share for the current fiscal year.

Analysts Set New Price Targets

AII has been the topic of several research reports. Citigroup reaffirmed an "outperform" rating on shares of American Integrity Insurance Group in a research report on Wednesday, August 12th. Weiss Ratings upgraded American Integrity Insurance Group from a "sell (d-)" rating to a "sell (d)" rating in a research note on Monday, June 1st. Raymond James Financial set a $27.00 price objective on American Integrity Insurance Group in a report on Thursday, August 20th. Wall Street Zen upgraded American Integrity Insurance Group from a "hold" rating to a "buy" rating in a research report on Saturday, August 15th. Finally, Citizens Jmp boosted their target price on shares of American Integrity Insurance Group from $25.00 to $26.00 and gave the company a "market outperform" rating in a research report on Wednesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $26.50.

Hedge Funds Weigh In On American Integrity Insurance Group

A number of institutional investors have recently modified their holdings of the business. NewEdge Advisors LLC acquired a new position in American Integrity Insurance Group during the fourth quarter worth about $33,000. New York State Common Retirement Fund bought a new position in shares of American Integrity Insurance Group in the fourth quarter worth about $42,000. Police & Firemen s Retirement System of New Jersey boosted its stake in shares of American Integrity Insurance Group by 172.7% in the 4th quarter. Police & Firemen s Retirement System of New Jersey now owns 2,446 shares of the company's stock valued at $51,000 after purchasing an additional 1,549 shares in the last quarter. California State Teachers Retirement System boosted its stake in shares of American Integrity Insurance Group by 375.8% in the 2nd quarter. California State Teachers Retirement System now owns 3,145 shares of the company's stock valued at $59,000 after purchasing an additional 2,484 shares in the last quarter. Finally, JPMorgan Chase & Co. bought a new stake in shares of American Integrity Insurance Group during the 3rd quarter valued at approximately $72,000.

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.

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