Robert Ritchie Sells 6,000 Shares of American Integrity Insurance Group (NYSE:AII) Stock

Key Points

• CEO Robert Ritchie sold 6,000 AII shares for approximately $151,440, reducing his direct stake by 0.28% to 2.13 million shares.
• American Integrity Insurance Group shares rose 1.9% to $25.34, near the stock’s 12-month high of $26.36. The company recently reported quarterly EPS of $1.78, well above the $0.81 consensus estimate, on revenue of $115.17 million.
• Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and a $26.50 target price; several firms recently raised their ratings or price targets.

American Integrity Insurance Group, Inc. (NYSE:AII - Get Free Report) CEO Robert Ritchie sold 6,000 shares of the company's stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $25.24, for a total transaction of $151,440.00. Following the completion of the transaction, the chief executive officer directly owned 2,133,611 shares in the company, valued at $53,852,341.64. The trade was a 0.28% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

American Integrity Insurance Group Stock Up 1.9%

Shares of AII traded up $0.47 during trading on Thursday, reaching $25.34. 146,918 shares of the company traded hands, compared to its average volume of 129,941. The stock has a 50-day simple moving average of $19.50 and a 200-day simple moving average of $18.86. The stock has a market cap of $496.41 million, a PE ratio of 5.63 and a beta of -0.20. American Integrity Insurance Group, Inc. has a twelve month low of $16.19 and a twelve month high of $26.36.

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 firm had revenue of $115.17 million for the quarter. American Integrity Insurance Group had a net margin of 26.20% and a return on equity of 26.74%. On average, equities research analysts predict that American Integrity Insurance Group, Inc. will post 3.54 EPS for the current year.

Analyst Upgrades and Downgrades

AII has been the subject of several research analyst reports. Piper Sandler raised their price target on American Integrity Insurance Group from $23.00 to $26.00 and gave the stock an "overweight" rating in a research report on Thursday, August 13th. Wall Street Zen raised American Integrity Insurance Group from a "hold" rating to a "buy" rating in a research report on Saturday, August 15th. Raymond James Financial set a $27.00 price target on shares of American Integrity Insurance Group in a research note on Thursday. Zacks Research raised shares of American Integrity Insurance Group from a "hold" rating to a "strong-buy" rating in a research note on Monday. Finally, Weiss Ratings upgraded shares of American Integrity Insurance Group from a "sell (d-)" rating to a "sell (d)" rating in a report on Monday, June 1st. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $26.50.

Institutional Trading of American Integrity Insurance Group

Several hedge funds have recently modified their holdings of the stock. NewEdge Advisors LLC purchased a new position in American Integrity Insurance Group in the fourth quarter valued at $33,000. New York State Common Retirement Fund purchased a new stake in American Integrity Insurance Group during the 4th quarter worth about $42,000. Police & Firemen s Retirement System of New Jersey raised its position in 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. JPMorgan Chase & Co. acquired a new stake in American Integrity Insurance Group in the 3rd quarter valued at about $72,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of American Integrity Insurance Group in the 3rd quarter valued at about $83,000.

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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