Key Points
- CEO Robert Ritchie sold 30,000 AII shares at an average price of $20.85, generating $625,500. He retains 2,370,997 shares, worth approximately $49.4 million.
- American Integrity Insurance Group reported quarterly EPS of $1.03, exceeding the $0.94 consensus estimate, on revenue of $90.93 million. Analysts project $2.73 in EPS for the current year.
- AII shares opened at $20.79, with a market capitalization of $407.32 million. Analysts maintain a “Moderate Buy” consensus, with an average price target of $25.75.
American Integrity Insurance Group, Inc. (NYSE:AII - Get Free Report) CEO Robert Ritchie sold 30,000 shares of the stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $20.85, for a total transaction of $625,500.00. Following the sale, the chief executive officer owned 2,370,997 shares in the company, valued at $49,435,287.45. The trade was a 1.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
American Integrity Insurance Group Stock Down 0.6%
AII stock opened at $20.79 on Thursday. The company's 50-day moving average price is $18.26 and its two-hundred day moving average price is $18.57. The firm has a market cap of $407.32 million, a P/E ratio of 4.75 and a beta of -0.20. American Integrity Insurance Group, Inc. has a 12 month low of $16.19 and a 12 month high of $26.36.
American Integrity Insurance Group (NYSE:AII - Get Free Report) last issued its quarterly earnings results on Tuesday, May 12th. The company reported $1.03 earnings per share for the quarter, topping analysts' consensus estimates of $0.94 by $0.09. The company had revenue of $90.93 million during the quarter. American Integrity Insurance Group had a net margin of 27.56% and a return on equity of 27.04%. Equities analysts predict that American Integrity Insurance Group, Inc. will post 2.73 EPS for the current year.
Hedge Funds Weigh In On American Integrity Insurance Group
A number of institutional investors have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC bought a new position in American Integrity Insurance Group in the 4th quarter valued at approximately $33,000. New York State Common Retirement Fund acquired a new stake in American Integrity Insurance Group in the fourth quarter valued at approximately $42,000. Police & Firemen s Retirement System of New Jersey grew its stake 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. bought a new stake in shares of American Integrity Insurance Group during the third quarter worth $72,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in American Integrity Insurance Group during the 3rd quarter worth $83,000.
Analyst Upgrades and Downgrades
Several equities research analysts have weighed in on AII shares. Citigroup restated an "outperform" rating on shares of American Integrity Insurance Group in a research note on Wednesday, May 13th. Piper Sandler boosted their price target on American Integrity Insurance Group from $20.00 to $23.00 and gave the stock an "overweight" rating in a report on Wednesday, July 15th. Citizens Jmp dropped their price objective 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. Finally, Weiss Ratings raised American Integrity Insurance Group from a "sell (d-)" rating to a "sell (d)" rating in a research note on Monday, June 1st. Five equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, American Integrity Insurance Group presently has an average rating of "Moderate Buy" and an average target price of $25.75.
View Our Latest Research Report on AII
American Integrity Insurance Group Company Profile
(
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
