Key Points
- James Sowell sold 295,037 shares of American Integrity (NYSE:AII) on Dec. 5 at an average price of $19.00 for a total of $5,605,703, cutting his stake by 6.19% to 4,473,824 shares valued at about $85.0 million.
- American Integrity recently topped expectations with Q3 EPS of $0.71 (vs. $0.61 consensus) and reported strong profitability metrics, including a 31.63% net margin and a 37.99% return on equity.
- Analysts have trended bullish, lifting price targets (recent hikes to $26–$29) and the stock carries a consensus rating of “Moderate Buy” with an average price target of $26.80.
American Integrity Insurance Group, Inc. (NYSE:AII - Get Free Report) CEO Robert Ritchie sold 59,554 shares of the company's stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $19.00, for a total value of $1,131,526.00. Following the completion of the transaction, the chief executive officer directly owned 2,417,212 shares in the company, valued at $45,927,028. The trade was a 2.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
American Integrity Insurance Group Trading Down 4.0%
NYSE:AII opened at $19.79 on Friday. The stock has a 50 day simple moving average of $22.81 and a 200 day simple moving average of $19.82. The stock has a market cap of $387.47 million and a P/E ratio of 4.40. American Integrity Insurance Group, Inc. has a 1-year low of $15.77 and a 1-year high of $26.36.
American Integrity Insurance Group (NYSE:AII - Get Free Report) last issued its quarterly earnings data on Wednesday, November 12th. The company reported $0.71 EPS for the quarter, beating analysts' consensus estimates of $0.61 by $0.10. American Integrity Insurance Group had a return on equity of 37.99% and a net margin of 31.63%.The firm had revenue of $62.03 million for the quarter.
Analyst Ratings Changes
A number of equities analysts recently commented on AII shares. JMP Securities raised their price target on shares of American Integrity Insurance Group from $23.00 to $26.00 and gave the stock a "market outperform" rating in a research report on Tuesday, October 14th. Piper Sandler lifted their price target on shares of American Integrity Insurance Group from $22.00 to $27.00 and gave the company an "overweight" rating in a research report on Monday, October 6th. Keefe, Bruyette & Woods boosted their price target on American Integrity Insurance Group from $26.00 to $29.00 and gave the company an "outperform" rating in a research note on Tuesday, November 18th. Citigroup restated an "outperform" rating on shares of American Integrity Insurance Group in a research note on Tuesday, October 14th. Finally, Weiss Ratings reaffirmed a "sell (e+)" rating on shares of American Integrity Insurance Group in a report on Wednesday, October 8th. Seven research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $26.80.
Read Our Latest Report on AII
Institutional Trading of American Integrity Insurance Group
Several large investors have recently made changes to their positions in AII. Strs Ohio bought a new position in American Integrity Insurance Group in the third quarter valued at approximately $33,000. FNY Investment Advisers LLC acquired a new stake in shares of American Integrity Insurance Group in the 2nd quarter valued at $45,000. JPMorgan Chase & Co. acquired a new stake in shares of American Integrity Insurance Group in the 3rd quarter valued at $72,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of American Integrity Insurance Group in the 3rd quarter valued at $83,000. Finally, Raymond James Financial Inc. acquired a new position in shares of American Integrity Insurance Group during the 2nd quarter worth $101,000.
About American Integrity Insurance Group
(
Get Free Report)
We are a profitable and growing insurance group headquartered in Tampa, Florida. Through our insurance carrier subsidiary, American Integrity Insurance Company of Florida, Inc (“AIICFL”), we provide personal residential property insurance for single-family homeowners and condominium owners as well as coverage for vacant dwellings and investment properties, predominantly in Florida.
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