American Integrity Insurance Group, Inc. (NYSE:AII - Get Free Report) major shareholder James Sowell bought 23,231 shares of the firm's stock in a transaction on Friday, June 5th. The shares were bought at an average cost of $16.92 per share, with a total value of $393,068.52. Following the transaction, the insider directly owned 4,497,055 shares of the company's stock, valued at approximately $76,090,170.60. This trade represents a 0.52% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own more than 10% of a company's shares are required to disclose their transactions with the SEC.
American Integrity Insurance Group Stock Down 1.0%
Shares of American Integrity Insurance Group stock opened at $16.83 on Friday. The stock has a market capitalization of $329.68 million and a P/E ratio of 3.84. The stock has a 50 day moving average price of $18.14 and a two-hundred day moving average price of $19.01. American Integrity Insurance Group, Inc. has a 12-month low of $15.77 and a 12-month high of $26.36.
American Integrity Insurance Group (NYSE:AII - Get Free Report) last announced its earnings results on Tuesday, May 12th. The company reported $1.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.94 by $0.09. The firm had revenue of $90.93 million during the quarter. American Integrity Insurance Group had a return on equity of 27.04% and a net margin of 27.56%. Sell-side analysts anticipate that American Integrity Insurance Group, Inc. will post 2.73 earnings per share for the current year.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of AII. NewEdge Advisors LLC acquired a new position in shares of American Integrity Insurance Group during the fourth quarter worth approximately $33,000. New York State Common Retirement Fund acquired a new position in shares of American Integrity Insurance Group during the fourth quarter worth approximately $42,000. Police & Firemen s Retirement System of New Jersey lifted its holdings in shares of American Integrity Insurance Group by 172.7% during the fourth quarter. Police & Firemen s Retirement System of New Jersey now owns 2,446 shares of the company's stock worth $51,000 after buying an additional 1,549 shares during the last quarter. JPMorgan Chase & Co. acquired a new position in shares of American Integrity Insurance Group during the third quarter worth approximately $72,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of American Integrity Insurance Group during the third quarter worth approximately $83,000.
Analyst Ratings Changes
A number of equities research analysts have issued reports on the company. Citizens Jmp decreased their target price on American Integrity Insurance Group from $28.00 to $25.00 and set a "market outperform" rating for the company in a research report on Wednesday, May 13th. Keefe, Bruyette & Woods decreased their target price on American Integrity Insurance Group from $28.00 to $27.00 and set an "outperform" rating for the company in a research report on Tuesday, April 7th. Weiss Ratings raised American Integrity Insurance Group from a "sell (d-)" rating to a "sell (d)" rating in a research report on Monday, June 1st. Finally, Citigroup reaffirmed an "outperform" rating on shares of American Integrity Insurance Group in a research report on Wednesday, May 13th. Five equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $26.75.
Get Our Latest Analysis on AII
American Integrity Insurance Group Company Profile
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Get Free Report)
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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