Key Points
- CEO Robert Ritchie sold 36,965 shares of American Integrity Insurance Group at an average price of $20.83, worth approximately $770,000. He retained 2.33 million shares after the transaction, a 1.56% reduction in his direct ownership.
- AII recently beat quarterly earnings expectations, reporting $1.03 in EPS versus the $0.94 consensus estimate on $90.93 million in revenue. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $25.75.
- Institutional interest increased, with several firms establishing new positions during the second quarter, including Manufacturers Life Insurance Company’s stake valued at approximately $7.36 million.
American Integrity Insurance Group, Inc. (NYSE:AII - Get Free Report) CEO Robert Ritchie sold 12,959 shares of American Integrity Insurance Group stock in a transaction on Friday, August 7th. The shares were sold at an average price of $21.01, for a total value of $272,268.59. Following the completion of the transaction, the chief executive officer owned 2,321,073 shares in the company, valued at approximately $48,765,743.73. The trade was a 0.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
American Integrity Insurance Group Stock Down 2.5%
Shares of AII stock opened at $20.48 on Tuesday. American Integrity Insurance Group, Inc. has a twelve month low of $16.19 and a twelve month high of $26.36. The company has a market cap of $401.20 million, a P/E ratio of 4.68 and a beta of -0.20. The business has a fifty day simple moving average of $18.52 and a 200 day simple moving average of $18.61.
American Integrity Insurance Group (NYSE:AII - Get Free Report) last released its earnings results on Tuesday, May 12th. The company reported $1.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.94 by $0.09. The firm had revenue of $90.93 million for the quarter. American Integrity Insurance Group had a return on equity of 27.04% and a net margin of 27.56%. As a group, equities research analysts anticipate that American Integrity Insurance Group, Inc. will post 2.73 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on AII shares. Weiss Ratings upgraded shares of American Integrity Insurance Group from a "sell (d-)" rating to a "sell (d)" rating in a research note on Monday, June 1st. Citigroup reissued an "outperform" rating on shares of American Integrity Insurance Group in a research note on Wednesday, May 13th. Citizens Jmp cut their target price on shares of American Integrity Insurance Group from $28.00 to $25.00 and set a "market outperform" rating on the stock in a research report on Wednesday, May 13th. Finally, Piper Sandler boosted their target price on shares of American Integrity Insurance Group from $20.00 to $23.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 15th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $25.75.
Read Our Latest Stock Report on AII
Institutional Trading of American Integrity Insurance Group
Several institutional investors have recently modified their holdings of the business. SG Americas Securities LLC boosted its position in shares of American Integrity Insurance Group by 6.6% during the 4th quarter. SG Americas Securities LLC now owns 12,929 shares of the company's stock valued at $269,000 after purchasing an additional 796 shares in the last quarter. Police & Firemen s Retirement System of New Jersey grew 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 during the period. NewEdge Advisors LLC acquired a new position in American Integrity Insurance Group during the fourth quarter worth $33,000. New York State Common Retirement Fund acquired a new position in shares of American Integrity Insurance Group during the fourth quarter valued at about $42,000. Finally, Bank of America Corp DE grew its holdings in shares of American Integrity Insurance Group by 0.8% during the first quarter. Bank of America Corp DE now owns 293,443 shares of the company's stock valued at $5,658,000 after buying an additional 2,193 shares during the last quarter.
About American Integrity Insurance Group
(
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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